The Anti-Corruption Commission (ACC) has filed a case against 43 people, including Saiful Alam, owner of the controversial S Alam Group and former chairman of Islami Bank, and Aminul Islam, owner of Nabil Group over the embezzlement of Tk363 crore from Islami Bank’s Gulshan branch in the name of a paper-based company called Naba Agro Trade International.
The case was filed on Wednesday at ACC’s Integrated District Office, Dhaka-1.
ACC Director General Md Akhtar Hossain confirmed the matter.
The accused include Md. Saiful Alam, owner of S Alam Group; Md. Aminul Islam, owner and MD of Nabil Group; Shahidul Alam, director of Sonali Traders; Md Ariful Islam Chowdhury, MD of Century Flour Mills; Md Hasanuzzaman, director of Century Flour Mills; Mamunur Rashid, MD of Naba Agro Trade International; and Harunur Rashid, chairman Naba Agro Trade International.
Officials of Islami Bank Bangladesh accused in the case are: Miftah Uddin, executive vice president (former DMD); Muhammad Khaisar Ali, Additional MD and IC Committee member; Md Mostafizur Rahman Siddiqui, FAVP; Md Akir Hossain Mizi, AVP and Investment in-charge of Gulshan branch; ATM Shahidul Haque, EDP and Branch Manager; Syed Abu Asad, IC Committee member; Mostafizur Rahman Siddiqui, DMD and IC Committee member; Mohammad Ali, CEO and Investment Committee member; Mohammad Saleh Johar, Executive Committee member; and JQM Habibullah, DMD and Company Secretary.
Others named in the list of accused are: Professor Md. Nazmul Hassan, former Chairman of Islami Bank’s Board of Directors; Professor Dr. Md. Selim Uddin, former Chairman of the Executive Committee; Tanvir Ahmed, Executive Committee member; Professor Dr. Md. Samiul Alam; Md. Munirul Haque, member and former MD; Md. Altaf Hossain, SEVP; GM Mohammad Gias Uddin Kader, SEVP; Director Yasi Abdullah Al-Razi; Major General (Retd.) Engineer Abdul Matin; Mohammad Solaiman; Dr. Arif Suleman; Md. Sirajul Karim; Professor Md. Jamal Uddin; Md. Zainal Abedin; Professor Kazi Shahidul Alam; Khurshid Ul Alam; Md. Kamal Hossain Gazi; Director Md. Nadir Uddin; Md. Ullah, SEVP; Mohammad Gazi, SEVP; Mohammad Momtaz Uddin Chowdhury, Branch Manager of Dolairkhal branch; Mir Mobashwir Hossain of Syndicate Finance Department; Md. Kamruzzaman, AVP; Masud Mohammad Faruq, FAVP; Md. Kamrul Hasan, Executive Committee member; and Kazi Farzana Ishrat, Principal Officer.
According to the case statement, the accused recommended and approved loan proposals in favour of the paper-based company Naba Agro Trade International from Islami Bank’s Gulshan branch. In collusion with each other, they abused their authority, fabricated documents through fraud, and became involved in irregularities and corruption.
With the direct cooperation of bank officials, the newly formed company was approved a loan facility of Tk670 crore. Of this sanctioned amount, Tk363 crore was shown as disbursed and subsequently embezzled.
The accused have been charged under Sections 409/460/60/7/498/40/477/7/106 of the Penal Code 1860, Section 5(2) of the Prevention of Corruption Act 1947, and Sections 4(2) and 5(3) of the Money Laundering Prevention Act 2012.
