ACC sues Saad Musa Group chief over TK95cr embezzlement
The accused embezzled the massive sum by opening anonymous accounts in the names of various companies, says the complaint
The Anti-Corruption Commission (ACC) has filed a case against four individuals, including Mohammad Mohsin, chairman of Saad Musa Group, on charges of embezzling approximately Tk95 crore through fraudulent activities.
ACC Assistant Director Md Tanzir Ahmed, also the investigating officer of the case, disclosed the matter today (3 July).
According to the complaint, the accused embezzled the massive sum by opening anonymous accounts in the names of various companies, engaging in forgery, generating fake paper bills and deliberately violating the terms of Bangladesh Bank's circulars and loan sanction letters.
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The case alleged that the embezzlement was carried out in collusion among the accused, with a clear intention to deceive financial institutions and divert funds for personal gain.
