Tk1,114cr embezzlement: ACC sues 54 including two sons of S Alam
The accused allegedly embezzled the money by taking loans using their influence and different types of forgery and irregularities between 30 December 2021 and 2 October 2024
The Anti-Corruption Commission (ACC) has filed a case against 54 people, including two sons of S Alam Group Chairman Mohammed Saiful Alam Masud, over the alleged embezzlement of Tk1,114 crore from the Jubilee Road branch of Islami Bank Bangladesh PLC in Chattogram city.
Main accused Ahsanul Alam and Ashraful Alam and the 52 others reportedly embezzled the money using their influence and different types of forgery and irregularities, according to ACC.
Ahsanul was a former chairman of the Islami Bank Board of Directors.
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The anti-graft watchdog's Deputy Director M Mostafizur Rahman filed the case at the ACC's Integrated District Office in Chattogram-1 on Thursday (9 January).
The accused persons have embezzled the money by taking loans in the name of United Super Traders during the period between 30 December 2021 and 2 October 2024, according to case details submitted by Mostafizur.
The other accused include United Super Traders proprietor M Golam Kibria Chowdhury, also a former director and executive committee chairman of Islami Bank; former director Syed Abu Asad; former vice chairman Tanvir Ahmad; former director M Kamrul Hasan; former independent director Mohammad Saleh Zohur; former director M Fasiul Alam; Managing Director and CEO Mohammad Manirul Mawla; former director Jamal Mostafa Chowdhury; former executive committee member Abu Sayeed Mohamad Kashem; former additional MD JQM Habibullah; former additional MD Muhammad Kaiser Ali; former deputy managing director (CRO) Mohammad Ali; former DMD (CHRO) M Mostafizur Rahman Siddiqui; former senior executive vice president and current AMD M Altaf Hossen.
Also, accused include former DMD Mohammad Sabbir; SEVP GM Muhammad Gias Uddin Quader; former DMD Miftah Uddin; former SEVP Mohammad Ullah; former DMD Abul Faiaz Mohammad Kamal Uddin; former SEVP and current DMD M Rafiqul Islam; EVP M Farid Uddin; former DMD (contractual) Kazi M Rezaul Karim; former Jubilee Road branch chief and now Bangsal branch Manager and SVP Sohel Aman; former Jubilee Road branch chief and now SVP of Islami Bank Training and Research Academy at Agrabad M Shahadat Hossen; former Jubilee Road branch in-charge and now Islami Bank Training and Research Academy AVP M Mayeen Uddin; Jubilee Road branch FAVP Mohammad Fakhrul Islam; former SEVP and Chattogram North Zone chief (retired) M Naiyer Azam; former EVP and Chattogram North Zone chief Muhammad Nurul Hosain Kawsar; SAVP Mohammad Mamtaz Uddin Chowdhury; Banijya Bitan Corporation proprietor M Toufiqul Islam Chowdhury; Arpachar Trading House proprietor SM Nesar Ullah; Dreamscape Business Center proprietor Mohammad Mohsin Miazi; Assitance Trade Agency proprietor M Salah Uddin Sakib; Fency Fair Corporation proprietor Abdul Mazid Khokon; Apic Able traders proprietor M Iqbal Hossen; Famous Trading Corporation proprietor Arshadur Rahman Chowdhury; Genius Trading proprietor Mohammad Abul Kalam; Global Trading Corporation Limited MD M Rashedul Alam and Director Mohamamd Abdus Sabur.
Infinity CR Strips Limited Chairman Farzana Begum and MD Abdul Wahid; Chemon Ispat Limited MD Mohammad Saiful Islam; Ansar Enterprise proprietor Ansarul Alam Chowdhury; Rainbow Corporation proprietor Raihan Mahmud Chowdhury; Green Adpose Chattogram proprietor MA Monayem; Safran Trade International proprietor Mahfuzul Islam; M/S' Shah Amanat Traders proprietor Mohammad Golam Rabbani Chowdhury; Sonali Traders proprietor Shahidul Alam, and M/S Murad Enterprise proprietor Mohammad Golam Sarwar Chowdhury are also among the accused.
