Ex-Janata chairman, MD, others sued over Tk1,963cr loan fraud linked to S Alam Group entity
A large number of former Janata Bank officials have also been implicated, including ex-managing directors, deputy managing directors, general managers, and senior branch-level officers.
The Anti-Corruption Commission (ACC) has filed a case against 34 individuals, including senior Janata Bank officials and executives linked to a trading entity of S Alam Group, over allegations of Tk1,963.5 crore loan fraud, abuse of authority, and criminal breach of trust.
The complaint was filed today (7 December) by ACC Deputy Director Mohammad Sirajul Haque at the commission's Chattogram District Integrated Office-1.
According to the First Information Report (FIR), the accused acted in collusion to unlawfully secure loan limits, violate loan conditions, and create excessive funded and non-funded liabilities, causing significant financial losses to the state-owned bank.
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The primary accused include Rashedul Alam, managing director of Global Trading Corporation Ltd – a subsidiary of the S Alam Group – along with directors Farzana Begum, Mohammad Abdus Sabur, Md Shahidul Alam, Md Saiful Alam, and Md Osman Gani.
The FIR also names two inspection-service executives, Khandaker Robiul Haque and Khandaker Zahirul Haque, for allegedly facilitating irregularities.
A large number of former Janata Bank officials, including the chairman and the managing director, have also been implicated.
Among them are former chairman SM Mahfuzur Rahman, former MD and CEO Md Abdus Salam Azad, and former senior executives Kamran Ahsan, Shahidul Haque, Masfiul Bari, Kamruzzaman Khan, Abdul Jabbar, Tajul Islam, and Ismail Hossain.
According to the complaint, the accused approved and renewed loan limits in violation of banking rules and internal guidelines, created irregular Letters of Trust Receipt liabilities, and allowed import transactions without ensuring mandatory documentation, collateral, or insurance coverage.
