Travel ban imposed on former Rupali Bank MD, wife
A Dhaka court has imposed a travel ban on former managing director of Rupali Bank Obaid Ullah Al Masud, his wife and four others.
Dhaka Metropolitan Senior Special Judge Sabbir Foyez issued the order today (12 November), following two separate petitions filed by the Anti-Corruption Commission (ACC).
Others who have been barred from leaving the country are his wife Marjina Begum alias Munmun Masud; their sons Junaid Zulkar Nayen Viyan and Julun Safwan; and their daughter Tasmia Taralgun Naumi.
Keep updated, follow The Business Standard's Google news channel
In addition, the same court also issued a travel ban on Kazi Hasan Sharif, managing director of Alliant Energy Solution (BD) Limited, over allegations of laundering Tk2,000 crore.
ACC Assistant Director Md Nazmul Islam had filed the petition seeking the travel ban on Obaid Ullah Al Masud and his family.
The petition stated that while serving as managing director of Rupali Bank, Obaid approved bank loans and used the loan amounts for personal purposes, particularly to cover his son's overseas education expenses.
Obaid, in his related bank accounts, allegedly received cash from third parties, accepted funds of unknown source through clearing, and transferred money to non-operational companies, activities linked to money laundering and embezzlement.
As two of his children have already left the country, the ACC said, there is concern that he and other family members might also attempt to leave the country.
The ACC added that to ensure a proper investigation, it is necessary to prevent Obaid and his family members from travelling abroad.
Meanwhile, ACC Assistant Director Md Ashiqur Rahman had filed the petition seeking the travel ban on Hasan Sharif.
The petition stated that the accused is under investigation for laundering nearly Tk2,000 crore abroad.
"Reliable sources indicate that, in the interest of a proper investigation, the individual might flee the country. Therefore, it is essential to restrict his travel abroad to ensure a fair and thorough investigation."
