The Appellate Division of the Supreme Court has ordered Mozammel Hossain, former deputy managing director of Jamuna Bank Ltd, to surrender before the lower court for his alleged involvement in the Tk990-crore scam by the Bismillah Group between 2010 and 2012.
Chamber Judge Mahmud Hossain passed the order yesterday, following a petition filed by the Anti-Corruption Commission (ACC).
Mozammel, who was arrested on January 20 by the ACC and law enforcement agencies, got out of prison on July 23 after the High Court granted him bail the day before.
Khurshid Alam Khan pleaded for the ACC, while SM Rezaul Karim, assisted by BM Elias Kachee, represented Mozammel.
On November 3 last year, the ACC filed 12 cases against 53 officials of five banks and the Bismillah Group under the Money Laundering Prevention Act, 2012 for their alleged involvement in the embezzlement of funded loans worth over Tk990 crore.
The list of accused includes 13 people from the Bismillah Group, five officials of the Jamuna Bank, and others from the Janata Bank, Prime Bank, Premier Bank and Shahjalal Islami Bank.
According to the first information report, the Bismillah Group, in association with the bank officials, embezzled the money through loans against trust receipts using names of fake foreign buyers and laundered the money abroad.
They secured cash incentives against fake export documents, taking advantage of inland bill purchases and overpricing non-existent export items.
