Dhaka—The Anti-Corruption Commission (ACC) has filed a case against a total of 31 people, including two former managing directors (MDs) of the National Bank, for embezzling Tk 6.47 billion. The case was filed on Monday by ACC Deputy Director Afroza Haque Khan on charges of approving and disbursing loans using forged documents.
According to the Anti-Money Laundering Division of the ACC, a loan of Tk 403.12 crore was given to Manha Precast Technology Limited from the bank’s Dilkusha branch. The investigation revealed that the loan was approved by making fake documents in the name of the company and showing them as legitimate. The amount of this loan, including interest, currently stands at Tk 647.68 crore.
Former MDs of National Bank M.A. Wadud and Chowdhury Mostaq Ahmed, along with senior officials, directors and related persons, have been accused in the case. Apart from this, Manha Precast director Md. Mansur Ali, CEO Dr. Syed Mahtab Uddin Mahmud and former MP Aslamul Haque’s wife Maqsuda Haque are also accused in the case.
The ACC says it has found evidence of direct cooperation between bank officials at multiple levels in the loan fraud. The agency said action will also be taken regarding money laundering and asset recovery in the next phase of the investigation.