Bac Inspector M Abul Bashar filed the case with Kotwali Police Station accusing businessmen Khorshed Alam, Shahidul Karim Chowdhury, Sirajuddollah, former general manager of Laldighir Par Branch of the JB, and bank's legal advisor Advocate M Shafi Ullah.

According to case details, Khorshed took a Tk 11.81 crore loan from the branch showing false documents of some 1.53 acres of land and mortgaging phoney establishment Chowdhury Enterprise of Shahidul on it.

The businessmen took the loan for importing scrap marine vessels and went on with their business duly. They, however, refrained from paying back the loan, prompting the bank authorities to go for a legal suit against them in the court.

Sources said the bank authorities uncovered the corruption after they advertised in national dailies to auction the mortgaged properties following a court order in their favour.

Sirajuddollah and Advocate Shafi were implicated in the case as they allegedly approved the forged documents even after examining the properties in person, they added.