The Anti-Corruption Commission (ACC) has launched an investigation against Eastern Bank Chairman Shawkat Ali Chowdhury and his family over allegations of financial transactions amounting to Tk 8,000 crore and money laundering abroad.
According to ACC sources, the preliminary inquiry began on Wednesday (October 15). Alongside the suspicious transactions, the ACC is also investigating allegations of irregularities, corruption, and abuse of power in the name of shipbreaking through letters of credit (LC) and the use of shell companies to launder money overseas.
The ACC’s banking division will conduct the investigation. Earlier, on September 14, extensive complaints were filed against Shawkat Ali Chowdhury with the ACC. The complaint stated that Bangladesh Financial Intelligence Unit (BFIU) had found evidence of over Tk 8,000 crore in transactions through 146 bank accounts belonging to Chowdhury and his family.
Following the complaint, the ACC Director General immediately ordered a review of the matter. The commission is now verifying the information and preparing to take necessary legal action based on the findings.