Former IDRA member Sultan-ul-Abedine Molla sent to jail | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 15, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 15, 2025
Former IDRA member Sultan-ul-Abedine Molla sent to jail

Court

TBS Report
23 May, 2022, 07:35 pm
Last modified: 23 May, 2022, 07:42 pm

Related News

  • 2 leaders of Swechchhasebak League, banned BCL sent to jail
  • 'Seven star' syndicate kingpin Subrata Bain sent to jail after 8-day remand
  • Singer, ex-AL MP Momtaz sent to jail after remand
  • Ex-NCC Mayor Ivy sent to jail after two days remand
  • 6 sent to jail over DU student Shammo killing

Former IDRA member Sultan-ul-Abedine Molla sent to jail

TBS Report
23 May, 2022, 07:35 pm
Last modified: 23 May, 2022, 07:42 pm
Former IDRA member Sultan-ul-Abedine Molla sent to jail

Former insurance regulator and Delta Life Insurance Company's first administrator Sultan-ul-Abedine Molla was sent to jail on Monday as the court of Dhaka's Additional Chief Metropolitan Magistrate Abu Bakar Siddique denied his bail in a case filed accusing him of leading a mask procurement scandal at Delta.

Sultan, a former member of the Insurance Development and Regulatory Authority (IDRA), bypassed the mandatory tendering process while procuring facemasks worth Tk1.07 crore, while the company's internal rules made tender invitation through national newspaper advertisements a must for over Tk8 lakh worth of procurements, alleged Delta's suspended board's director Zeyad Rahman – the plaintiff.

The plaintiff complained that of the 2.15 lakh masks procured from a third party vendor, alleged to be a relative of Sultan, at Tk50 each in May 2021, only 19,000 pieces were disbursed among the company's zonal offices and the remaining masks were found nowhere.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The procurement was done with a mala fide intention to embezzle the company's money, the plaintiff said, adding that the rate of Tk50 was much higher than the market rate then.   

Delta's Deputy Managing Director Md Manzure Mawla, executive vice presidents Kamrul Haque and M Hafizur Rahman Khan were involved in the procurement scandal by approving the purchase, where Sultan as the then administrator ordered the illegal procurement, complained Zeyad Rahman.

Sultan-ul-Abedine appeared before the court on Monday and pleaded for bail, but being denied he was sent to jail.

Earlier, the court assigned the Police Bureau of Investigation to deep dig into the matter and the bureau reported that the defendants committed the alleged crime.

Since Manzure, Kamrul, and Hafizur did not appear before the court despite summons, the court issued arrest warrants against them.

In early 2021, the IDRA suspended Delta Life's board and appointed Sultan as the administrator there.

The members of the suspended board in their legal actions alleged that IDRA Chairman M Mosharraf Hossain asked for grafts and being denied he appointed Sultan as the administrator of the company.

Later, IDRA withdrew Sultan, the second administrator resigned and the third administrator is in charge of the company. 

Top News / Crime

Insurance Development and Regulatory Authority (IDRA) / Administrator / Jail

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Fire of Israeli attack on Sharan Oil depot is seen following the Israeli strikes on Iran, in Tehran, Iran, June 15, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
    Israel and Iran strike at each other as Trump says conflict can be easily ended
  • The moment before Abu Sayeed was shot during a clash between police and protesters in front of Begum Rokeya University in Rangpur on Tuesday, 16 July 2024. Screengrab from video
    ICT extends deadline for Abu Sayed murder probe by one month
  • AMM Nasir Uddin. File photo: Collected.
    EC moving forward with polls preparations, committed to ensuring level playing field: CEC

MOST VIEWED

  • Tour operator Borsha Islam. Photo: Collected
    ‘Tour Expert’ admin Borsha Islam arrested over Bandarban tourist deaths
  • Fighter jet. Photo: AFP
    3 F-35 fighter jets downed, two Israeli pilots in custody, claims Iranian media
  • Infographic: TBS
    Chattogram Port proposes 70%-100% tariff hike
  • Vehicles were seen stuck on the Dhaka-Tangail-Jamuna Bridge highway due to a traffic jam stretching 15 kilometres on 14 June 2025. Photo: TBS
    15km traffic jam on Dhaka-Tangail-Jamuna Bridge highway as post-Eid rush continues
  • Ahsan H Mansur. TBS sketch
    BB governor meets global litigation funders to mobilise $100m for tracing stolen assets
  • Burnt out cars and damaged buildings are all that’s left of this street in Ramat Gan Credit: AP
    Iran threatens to strike US, UK, and French bases if they help defend Israel

Related News

  • 2 leaders of Swechchhasebak League, banned BCL sent to jail
  • 'Seven star' syndicate kingpin Subrata Bain sent to jail after 8-day remand
  • Singer, ex-AL MP Momtaz sent to jail after remand
  • Ex-NCC Mayor Ivy sent to jail after two days remand
  • 6 sent to jail over DU student Shammo killing

Features

Photos: Collected

Kurtis that make a great office wear

1d | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

3d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

4d | Features
File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

6d | Features

More Videos from TBS

Iran-Israel conflict heats up at G7 summit

Iran-Israel conflict heats up at G7 summit

6m | TBS World
Is Regime Change in Iran Israel's Goal?

Is Regime Change in Iran Israel's Goal?

46m | TBS World
Ishraque seeks chief adviser's intervention for oath as Dhaka South mayor

Ishraque seeks chief adviser's intervention for oath as Dhaka South mayor

2h | TBS Today
Israel asked US to join military campaign against Iran, but US rejects request

Israel asked US to join military campaign against Iran, but US rejects request

2h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net