ACC files case against former Southern University treasurer, registrar over Tk6.5cr embezzlement
ACC officials say the two individuals embezzled around Tk6.5 crore from the university’s funds through unauthorised withdrawals and loan repayment fraud.
The Anti-Corruption Commission (ACC) has filed a case against former Southern University treasurer Sarwar Jahan and former registrar Md Mozammel Haque for allegedly embezzling approximately Tk6.5 crore.
ACC Deputy Director Md Alamgir Hossain filed the case at the commission's headquarters today (2 November), ACC Deputy Director Akhtarul Islam told The Business Standard.
ACC officials said the two individuals have been sued for allegedly embezzling around Tk6.5 crore from the university's funds through unauthorised withdrawals and loan repayment fraud.
Keep updated, follow The Business Standard's Google news channel
According to the case statement, an emergency fund account was opened in Southern University's name at the Probortok branch of First Security Islami Bank in Chattogram in 2007. A total of Tk6,03,68,730 was withdrawn from there under the signature of Sarwar.
However, the case documents say, he failed to provide any valid documentation or evidence to show how the money had been spent.
The statement also mentions that an agent banking outlet under Southern University's name was operated through Bank Asia. However, no commission from the agent banking operations was deposited into the university's account.
Instead, an employee at the outlet was allegedly paid Tk88,738 from the university's funds as "salary."
Additionally, Tk28.08 lakh was allegedly misappropriated from the university's funds under the pretext of loan repayment, despite no loan being taken out.
