ACC sues former Agrani Bank MD, Nurjahan Group officials over TK189.8 crore embezzlement
Staff Correspondent
The Anti-Corruption Commission (ACC) on Thursday filed a case against former Agrani Bank Managing Director (MD) Syed Abdul Hamid and 10 others, including a director of Nurjahan Group, over the embezzlement of Tk 189.80 crore through irregular loans from the bank’s Asadganj branch in Chattogram.
ACC Director General Md. Akhter Hossain confirmed the development.
The accused are: former Agrani Bank MD and CEO Syed Abdul Hamid; former Principal Officer and General Manager of Asadganj branch Mostaq Ahmed; former Deputy General Manager Md. Abul Hossain Talukder; former General Manager (Dhaka Circle-2) Md. Obaid Ullah Al Masud; former General Manager Mohammad Shams Ul Islam; former Deputy General Manager Tajrina Ferdousi; former General Manager Md. Mofazzal Hossain; and several Nurjahan Group officials including a director.
According to the case statement, Nurjahan Group opened an account at the Asadganj branch under the name of a fictitious company. The account was operated by Zahid Ahmed, managing director of the group’s associate company, Jasmeer Vegetable Oil. A large loan was sanctioned in the name of the new entity.
However, without ensuring compliance with loan sanction conditions, the bank officials in collusion with the company facilitated the withdrawal of Tk 51 crore, which has now swelled to Tk 189.80 crore with interest.
The accused have been charged under Sections 409/109 of the Penal Code and Section 5(2) of the Prevention of Corruption Act, 1947.
