Reliable Brokers
Online Investing
Alerts & Analysis
Easy Trading

Bank official flees with clients’ money

Update : 30 Mar 2015, 07:46 PM

An official of Bangladesh Commerce Bank (BCB) fled after embezzling several cores of taka of its clients in Chittagong.

The incident came into light when cheques of some of the bank’s clients were bounced at its Khatunganj branch yesterday.

Fifteen victims, mainly businessmen of Khatunganj Trading area, gathered in front of the branch in Chittagong city’s business hub in the afternoon. Talking to the Dhaka Tribune, many of the businessmen alleged that the branch’s second officer Moinuddin Ahmed transferred huge amount of money through password forgery and went into hiding.

Abdur Rahman, a client of the bank and the proprietor of Rahman and Trading, said: “A total of 70 lakh taka is missing from my account. I had one core and 50 lakh taka in my account but a cheque of  6 lakh and 82 thousand taka to one of my business party was dishonoured due to insufficient funds.”

Another client, Sirajul Alam, owner of SR Trading, said: “The bank official provided me a fake statement and embezzled 31 lakh taka from my account.”

Branch Manager Kazi Abul Kashem told the Dhaka Tribune that they received allegations from seven to eight customers in this regard.

“We have already informed it to the Dhaka office,” he said adding that the second officer remained untraceable.   

“A team from the headquarters will visit the branch tomorrow (today), Abul Kashem said. 

A team of RAB 7 visited the branch and quizzed the other bank officials. 

Top Brokers