Former Agrani Bank GM Masud arrested in embezzlement case
Masud, who has now been arrested, previously served as the general manager of Agrani Bank’s Dhaka Circle-2.
The Anti-Corruption Commission (ACC) has arrested Md Obaid Ullah Al Masud, former General Manager (Dhaka Circle-2) of Agrani Bank, in a case filed over the embezzlement of hundreds of crores of taka from the state-owned bank.
He was detained early today (19 November) from his residence in Dhaka's Dhanmondi area with the assistance of police, confirmed ACC Deputy Director Akhtarul Islam.
According to ACC sources, the case (No. 27), filed on 28 September 2025 with the ACC's Integrated District Office, Chattogram-1, was lodged under sections 409/109 of the Penal Code and section 5(2) of the Prevention of Corruption Act, 1947.
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As per the allegation, Tk51 crore disbursed as Trust Receipt (TR) loans from Agrani Bank's Asadganj branch in Chattogram was misappropriated through collusion and abuse of authority. With interest, the amount now stands at approximately Tk189.80 crore.
Masud, who has now been arrested, previously served as the general manager of Agrani Bank's Dhaka Circle-2.
The case is currently under investigation, the ACC said. The ACC also stated that arrangements have been requested to keep the accused in jail custody until the investigation and trial are completed, and to transfer him to the Chattogram Metropolitan Senior Special Judge Court—the designated jurisdiction for the case.
