• Wednesday, Sep 19, 2018
  • Last Update : 09:20 am

4 held in Farmers Bank scandal

  • Published at 07:16 pm April 10th, 2018
4 held in Farmers Bank scandal
The Anti-Corruption Commission (ACC) arrested four, including the Farmers Bank's former Audit Committee chairman, Mahabubul Haque Chisty, on Tuesday in connection with the embezzlement and irregularities in loan disbursement. The others are the chairman's son Rashedul Haque Chisty, the bank's Senior Vice-President Zia Uddin Ahmed, and its first Vice-president Masudur Rahman Khan. ACC Assistant Director (Public Relations) Pranab Kumar Bhattacharya confirmed the matter and said the commission arrested the four from different areas of the city on Tuesday. He also said a case was filed with Gulshan police station in the morning for embezzlement of around Tk160 crore, and money laundering. ACC Chairman Iqbal Mahmood said: “The ACC will take measures against those who commit irregularities – be it in banks or elsewhere. The ACC has held the four as part of its ongoing work.” Earlier, the ACC imposed a travel ban on 17 people including several current and former top officials of Farmers Bank Limited. The top Farmers Bank officials facing the ban include the Bank's former Audit Committee chairman Mahabubul Haque Chisty, his wife Ruzi Chisty, son Rashedul Haque Chisty, Rashedul's wife Farhana Ahmed, Rashedul’s daughter Rimi Chisty, Mazedul Haque Chisty, the bank's former Managing Director and CEO AKM Shameem, Deputy MD Abdul Motaleb Patwari, Senior Executive Vice-President Gazi Salauddin, Executive Vice-President Mohammad Jahangir Alam Majumdar, and Senior Vice-President Zia Uddin Ahmed. The other officials are Lutful Haque and Md Monirul Haque, Md Tafazzal Hossain, Mohammad Shamsul Hassan Bhuiyan, Mahbub Ahmed, and Md Zakir Hossain. The Farmers Bank was established in June 2013 while Bangladesh Bank's investigations found massive irregularities in the bank's loan disbursement, along with a large number of default loans in 2017. Former Home Minister and the bank's chairman, MK Alamgir, and the bank's former Audit Committee chief Mahabubul, resigned following the scandal, while the central bank in December last year also removed the bank's managing director.