Anti Corruption Commission to file graft case against Northern University Chairman, family over Tk19.19cr embezzlement
The accused allegedly transferred Tk19.19 crore from the funds of Northern University and the International Business, Agriculture and Technology Trust (IBT)
The Anti-Corruption Commission (ACC) is preparing to file a graft case against Abu Yusuf Md Abdullah, Chairman of the Board of Trustees of Northern University, along with his wife, children, and a total of seven individuals, for allegedly embezzling Tk19.19 crore. ACC Deputy Director Aktarul Islam confirmed the matter to The Business Standard today (16 September).
The other accused include Halima Sultana Jinia, wife of Md Abdullah and Executive Secretary of the Board of Trustees; their children and Northern University trustees Saad Al Jabir Abdullah and Labiba Abdullah; Senior Vice Chairman of the Board of Trustees Professor M Shamsul Haque; and trustees Mosammat Habibun Nahar and Nazmus Sadat.
According to ACC sources, the accused, in collusion, allegedly transferred Tk19.19 crore from the funds of Northern University and the International Business, Agriculture and Technology Trust (IBT) to a bank account under the name of "Prasad Nirman", a company associated with Chairman Abu Yusuf Md Abdullah.
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The money was subsequently withdrawn and embezzled. They are also accused of transferring, moving, and converting the embezzled funds through irregular and suspicious banking transactions, committing offenses punishable under Sections 420, 403, and 109 of the Penal Code and Sections 4(2) and 4(3) of the Money Laundering Prevention Act, 2012.
Earlier, on 29 April, the ACC appointed officers to investigate Abu Yusuf Md Abdullah and the other accused over allegations of fraud, various irregularities, embezzlement of Northern University funds, money laundering abroad, and acquiring undisclosed wealth in their own and family members' names.
