ACC files graft case against Delta Group chairman, 14 others
Bank's authorities approved the loan proposal and released the money without fulfilling the terms and conditions
The ACC today (17 August) filed a case against Engineer AKM Faruk Ahmed, chairman and managing director of Delta Group, and his wife, Ferdaus Ara Begum, along with 13 others over alleged corruption and money laundering.
Director General (DG) of the Anti-Corruption Commission (ACC) Md Akhter Hossain disclosed the information to the journalists at a briefing at the commission's headquarters in Segunbagicha, Dhaka.
According to the case documents, the accused persons, with an ulterior motiv,e borrowed Tk58.90 crore from South East Bank's Motijheel corporate branch through nine bank accounts of the group.
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The total outstanding of the loan, including its interest and other charges till 26 November 2023, was Tk159.35 crore. Of which the company paid Tk91 crore and embezzled Tk68.27 crore.
A total of 13 officials of the bank's corporate branch, in connivance with Faruk Ahmed and his wife, committed irregularities in sanctioning and distributing the loan, the ACC DG said, adding that the bank authorities approved the loan proposal and released the money without fulfilling the terms and conditions and defying the banking rules and regulations.
The ACC filed the case against the accused under sections 406, 409 and 109 of the Bangladesh Penal Code of 1960 and section 5(2) of the Corruption Prevention Act-1947.
