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Oriental Bank loan scam: 5 former officials sentenced to 68 years in prison

  • Published at 07:00 pm April 17th, 2018
  • Last updated at 07:02 pm April 17th, 2018
Oriental Bank loan scam: 5 former officials sentenced to 68 years in prison
A Dhaka court has sentenced five former officials of Oriental Bank Ltd, now known as ICB Islamic Bank, to 68 years’ imprisonment each and fined them Tk4.02 crore each in four graft cases. Judge Md Akhteruzzaman of Dhaka Special Judges Court-5 delivered the verdict on Tuesday. The convicts are former senior vice president of the bank Shah Md Harun, former senior assistant vice president Abul Kashem Mohammadullah, former senior executive vice president Mahmuda Hossain, former EVP Kamrul Islam and former deputy managing director Fazlur Rahman. The court issued arrest warrants against the four who are currently on the run. Meanwhile, the court sentenced the bank’s former assistant vice president Torikul Islam and client Salauddin to 17 years in jail each in two different cases. It acquitted former executive officer Inamul Haque of charges brought against him. The four cases were filed in 2006 for embezzling Tk4 crore in the name of loan disbursement. Anti-Corruption Commission (ACC) submitted charge sheets in the cases in 2013.