Salman F Rahman, son, 35 others sued over Tk1,174cr embezzlement from IFIC Bank
In the first case, 22 people, including Salman and Shayan, have been accused of embezzling approximately Tk678 crore.
The Anti-Corruption Commission (ACC) has filed two cases against Salman Fazlur Rahman, former private industry and investment adviser to ousted premier Sheikh Hasina on and former chairman of IFIC Bank, his son Ahmed Shayan Fazlur Rahman and 35 others over the embezzlement of Tk1,174 crore from IFIC Bank.
ACC Director General (DG) Akhtar Hossain confirmed the matter to journalists today (3 June).
In the first case, 22 people, including Salman and Shayan, have been accused of embezzling approximately Tk678 crore.
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In the second case, 17 individuals have been accused of misappropriating Tk496 crore.
The two cases were filed today by ACC Deputy Directors Md Mustafizur Rahman and Md Yasir Arafat, according to Akhtar.
According to the first case statement, nearly Tk618 crore was embezzled through loan fraud and financial irregularities at IFIC Bank. Without proper collateral or due assessment, the bank's Board of Directors approved the disbursement of a little over Tk618.09 crore in two meetings held on 20 March and 12 June of 2024.
The funds were withdrawn and embezzled, and the total, including interest, has now reached over Tk677.75 crore.
The accused in this case include Salman, Shayan, also a former vice chairman of IFIC Bank, former directors of the bank Shah Manzurul Haque, Sudhangshu Shekhar Biswas, RM Nazmus Sakib, Kamrun Nahar Ahmed, Golam Mostafa, and Md Zafar Iqbal.
In the second case, the 17 accused were allegedly involved in embezzling Tk496 crore through loan misuse, fraud, and deception — of which, Tk 434.64 crore was principal and the rest interest.
The accused in this case include Salman, who is also the former chairman of Beximco Group, Shayan, Md Anwaruzzaman Chowdhury, former IFIC Bank director and former Sylhet city mayor, Sultana Monami, director of a shell company named Serve Construction and Engineering BD, Md Monirul Islam, managing director of the same shell company, IFIC Bank former managing director Md Shah Alam Sarwar, former directors Rabeya Jamali, RM Nazmus Sakib, Kamrun Nahar Ahmed, and Md Zafar Iqbal.
Back in March this year, ACC had filed another case against 11 people, including Salman and Shayan, on charges of laundering Tk76 crore to the United Kingdom.
They were also sued for embezzling Tk33.64 crore from the IFIC Bank. The accused, in collusion, abused their power to grant loans in the name of Index Power and Energy Limited, a company of the Beximco Group, DG Akhtar said at the time.
According to the case statements, the accused violated the LC terms and opened an LC account with the IFIC Bank for bringing drawings and designs for Index Power and Energy (Unit-2) at a cost of Tk76.39 crore from a fake company registered in the British Virgin Islands.
"Money laundering was committed by bringing paper instead of drawing designs and smuggling the money abroad," said Akhtar.
Meanwhile, the accused have also been sued for embezzling Tk33.64 crore by not paying the LC money to IFIC Bank even after eight years, creating a forced loan.
