6 NSU trustees face travel ban over Tk303cr graft charge | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
July 09, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JULY 09, 2025
6 NSU trustees face travel ban over Tk303cr graft charge

Bangladesh

TBS Report
24 May, 2022, 06:20 pm
Last modified: 24 May, 2022, 07:44 pm

Related News

  • Social business now a global movement: CA Yunus
  • NSU Communications Club to host Job Column Season 4 on June 26
  • NSU trustee Benajir Ahmed elected treasurer of ACBSP South Asia regional council
  • NSU hosts Dialogue on Singapore’s Strategic Global Vision and Bangladesh Ties
  • NSU VC attends Indonesia Insurance Summit 2025

6 NSU trustees face travel ban over Tk303cr graft charge

TBS Report
24 May, 2022, 06:20 pm
Last modified: 24 May, 2022, 07:44 pm
6 NSU trustees face travel ban over Tk303cr graft charge

A Dhaka court has imposed travel restrictions on six trustees of North South University (NSU) in a case filed by the Anti-Corruption Commission (ACC) for embezzling Tk303.82 crore.

They are Azim Uddin Ahmed, chairman of the board, Amin Mohammad Hilali, managing director of Ashaloy Housing and Developers Limited and four trustee board members MA Kashem, Benazir Ahmed, Rehana Rahman, and Mohammad Shahjahan.

ACC Court Inspector Aminul Islam told media the court of Dhaka Senior Special Judge KM Imrul Kayes passed the order on Tuesday (May 24) in response to an application by the anti-graft body.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Earlier on Sunday, the High Court rejected the bail pleas of four North South University trustees — Kashem, Benazir, Rehana, and Shahjahan, who applied for anticipatory bail to avoid arrest in the case. 

On 5 May, ACC Deputy Director Md Farid Ahmed Patwari filed a case against six people, including the chairman of the university's board of trustees, for embezzling Tk303.82 crore in the course of purchasing land for the university.

Besides the four members of the Board of Trustees, Azim Uddin Ahmed, chairman of the board, and Amin Mohammad Hilali, managing director of Ashaloy Housing and Developers Limited, were also charged.

According to the case statement, the money was embezzled under the guise of campus development with the consent of a few members of the trustee board, without informing the University Syndicate, the University Grants Commission, and the Ministry of Education.

The allegation against them is that despite actually buying the land at a lower price, for the nefarious purpose of embezzling money, they recorded a higher purchase price only to take cash in a kickback from the seller in fixed deposit accounts (FDR) which they later wholly withdrew.

The Board of Trustees is the highest governing body of North South University under the Private Universities Act, 2010.
 

Top News

NSU Board of Trustees / North South University

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Trump's 35% tariff zaps Bangladesh's $8.4 billion export lifeline
    Trump's 35% tariff zaps Bangladesh's $8.4 billion export lifeline
  • Clashes took place between police and protesters in Sylhet on 2 August. Photo: TBS
    BBC verifies Hasina's audio authorising shooting of protesters during 2024 July Uprising
  • Representational image. Photo: Collected
    Bangladesh, US begin second round of tariff talks in Washington today

MOST VIEWED

  • Illustration: Ashrafun Naher Ananna/TBS Creative
    World’s largest container shipping companies
  • Illustration: Duniya Jahan/TBS Creative
    Inflation drops below 9% after 27 months
  • Representational image
    Dhaka gets relief as Trump pushes tariff deadline to 1 Aug
  • Graph: Reuters
    Trump sends letter to Yunus imposing 35% tariff on Bangladeshi products
  • Illustration: Duniya Jahan/TBS Creative
    Young population believe BNP to get 39% of votes, Jamaat 21%, NCP 16% in national polls: Sanem survey
  • Solar power project in Chattogram. Photo: TBS
    Solar panels to be installed in government buildings, educational institutions, hospitals within six months

Related News

  • Social business now a global movement: CA Yunus
  • NSU Communications Club to host Job Column Season 4 on June 26
  • NSU trustee Benajir Ahmed elected treasurer of ACBSP South Asia regional council
  • NSU hosts Dialogue on Singapore’s Strategic Global Vision and Bangladesh Ties
  • NSU VC attends Indonesia Insurance Summit 2025

Features

Dr Mostafa Abid Khan. Sketch: TBS

Actual impact will depend on how US retailers respond: Mostafa Abid Khan

22h | Economy
Thousands gather to form Bangla Blockade in mass show of support. Photo: TBS

Rebranding rebellion: Why ‘Bangla Blockade’ struck a chord

1d | Panorama
The Mitsubishi Xpander is built with families in mind, ready to handle the daily carpool, grocery runs, weekend getaways, and everything in between. PHOTO: Akif Hamid

Now made-in-Bangladesh: 2025 Mitsubishi Xpander

2d | Wheels
Students of different institutions protest demanding the reinstatement of the 2018 circular cancelling quotas in recruitment in government jobs. Photo: Mehedi Hasan

5 July 2024: Students announce class boycott amid growing protests

4d | Panorama

More Videos from TBS

Will JPA be able to survive in the political arena?

Will JPA be able to survive in the political arena?

11h | TBS Stories
Trump’s steel, aluminum tariffs bleed Indian foundries

Trump’s steel, aluminum tariffs bleed Indian foundries

57m | Others
July-August uprising in memory of Chatradal leader

July-August uprising in memory of Chatradal leader

13h | TBS Stories
Is China Ready for Global Leadership?

Is China Ready for Global Leadership?

12h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net