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Loan scam: 7 ex-Oriental Bank officials jailed

Update : 13 Apr 2015, 07:01 AM

Seven former officials of Oriental Bank have been sentenced to 10 years imprisonment in a loan scam case.

Judge Hosne Ara Begum of the Dhaka's Special Judge's Court 2 gave the verdict on Monday afternoon.

The court also fined them Tk1.90 crore.

The convicts are the bank's former senior vice-president Shah Md Harun, former senior assistant vice-president Abul Kashem Mahmud Ullah, former vice-presidents Md Fozlur Rahman and Tarikul Alam, former senior executive vice-president Mahmud Hossain, former executive vice-president Kamrul Islam and former deputy general manager Emanul Hoque. All of the convicts are at large.

According to the case statement, the seven officials disbursed a Tk1 crore loan in favour of a fake company named Messrs Tanvil Agency.

The Anti-Corruption Commission filed the case against them on December 29, 2006.

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