4 former officials of AB Bank sent to jail on charge of embezzlement of Tk 176 crore

A Dhaka court today sent four officials of AB Bank Ltd, including its former managing director Shamim Ahmed Chowdhury, to jail after rejecting their bail in a case filed on charges of embezzlement of Tk 176 crore.
Three others are AB Bank's former vice-president Khandaker Rashed Anwar and its former assistant vice presidents Emarat Hossain Fakir and Sirajul Islam.
The court also granted bail to the bank's former officials — Salma Akhter and Wasika Afrozi — in the same case.
Judge Md Zakir Hossain of Dhaka Metropolitan Senior Special Judge's Court passed the order after they surrendered through their lawyers and sought bail in the case.
The lawyers said their clients had earlier got anticipatory bail in the case after their surrender before the High Court. So their bail petitions should be granted, they added.
On the other hand, ACC Public Prosecutor Mir Ahmed Ali Salam opposed the bail petitions saying that the charges brought against them were primarily proven.
Upon hearing both the sides, the court rejected bail to the four and sent them to jail and granted bail to two others.
On June 8, 2021, the Anti-Corruption Commission filed a case against a total of 17 people, including 16 officials of AB Bank Ltd, on charges of corruption and embezzlement.
According to the case statement, the accused forged signatures, abused their power by giving six fake work orders and seven illegal bank guarantees without approval of the office, and took out loans worth Tk 176.18 crore from a principal branch of AB Bank. Afterward, they transferred the money to their personal funds.
On November 26, 2020, the commission filed three separate cases against 25 individuals, including the former chairman, senior officials, and nine directors of AB Bank Ltd on charges of laundering Tk 236 crore.
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