A Dhaka court has sent Mohammad Feroz Hossain, former Managing Director (MD) and CEO of EXIM Bank, to jail in a case filed by the Anti-Corruption Commission (ACC) over allegedly embezzling Tk 857 crore.
Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz passed the order on Thursday after the ACC produced Feroz Hossain before the court, requesting that he be kept in custody until the completion of the investigation.
During the hearing, ACC Assistant Director Mohammad Shahjahan Miraj, the investigation officer, urged the court to keep Feroz in custody, while his defence lawyers applied for bail.
The ACC’s public prosecutor, Delwar Jahan Rumi, opposed the bail application. After hearing both sides, the court rejected the bail plea and directed that Feroz be sent to jail.
Earlier on Thursday, a team led by ACC Assistant Director Shahjahan Miraj detained Feroz Hossain from Segunbagicha, Dhaka.
The ACC had lodged the case on 17 August against 21 individuals, including former EXIM Bank chairman Nazrul Islam Majumdar, accusing them of embezzling and laundering Tk 857.93 crore through loan approvals by abusing power.
