The Anti-Corruption Commission (ACC) has launched a major investigation into a high-profile embezzlement case at Agrani Bank against three people, involving a staggering Tk18 crore.
The case, filed on Thursday by ACC Deputy Director Mustafizur Rahman at the integrated district office in Narayanganj, was confirmed by ACC spokesperson Deputy Director Akhtarul Islam.
The accused include Arkanul Haque, former manager of Agrani Bank, Imamul Hasan, owner of Sampan Auto, and Asaduzzaman Sohag, owner of Bros BD company.
They face charges under Section 5(2) of the Prevention of Corruption Act, 1947, and various sections of the Penal Code.
The affidavit details a sophisticated fraud scheme involving the manipulation of Letters of Credit (LCs) at Agrani Bank’s Muktarpur branch in Munshiganj.
The accused are alleged to have exploited their positions to issue LCs with falsified margin information, often without actual funds being deposited.
The embezzlement, totaling Tk 18,362,759, was carried out by illicitly transferring margin funds between customers and issuing LCs under false pretenses, facilitating the improper import of goods.
Since 2019, the Munshiganj branch of Agrani Bank had been authorized to process foreign trade transactions through Narayanganj Bank’s Court Road branch.
By 2020, the Munshiganj branch was providing LC facilities to clients such as Adnan Enterprises, Sampan Auto, and GM Corporation, with a 100% margin requirement.
However, through collusion with corrupt officials, the accused circumvented these regulations, leading to the massive embezzlement.
The fraudulent activities, occurring over various transactions in 2021, have prompted the ACC to take decisive legal action.
