Tk459cr embezzlement: ACC to sue 29, including Saad Musa Group MD, Sikder Group MD
The other accused include former and current officials of National Bank
The Anti-Corruption Commission (ACC) has decided to file cases against 29 people, including Saad Musa Group Managing Director (MD) Mohammad Mohsin, and Sikder Group MD Ron Haque Sikder over alleged embezzlement of Tk459.5 crore from the Agrabad branch of National Bank through fraud and abuse of power.
The decision was taken at a meeting held at the commission's office today (29 December), said ACC Director General Md Akhter Hossain.
The cases will be filed under the Prevention of Corruption Act and the Prevention of Money Laundering Act, he added.
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Ron Haque Sikder is a former director of National Bank. The accused also include his brother Rick Haque Sikder, a former director of the bank, and AFM Shariful Islam, former MD of the bank.
The other accused are nine former directors of the bank and 16 current officials.
According to the ACC's inquiry report, the accused allegedly embezzled Tk459.5 crore after purposefully approving a loan proposal to Saad Musa Hometex and Clothing Ltd without proper monitoring and through paper bills.
