ACC sues S Alam, Nabil Group owners and 41 others over Tk363cr embezzlement
According to the case statement, the accused—including former officials of Islami Bank—colluded to recommend and approve loan proposals in favour of the shell company.
The Anti-Corruption Commission (ACC) has filed a case against 43 individuals, including S Alam Group Chairman Saiful Alam and Nabil Group owner Aminul Islam, over allegations of embezzling Tk363 crore.
The case was lodged today (17 September) at the ACC's integrated district office, Dhaka-1, accusing the suspects of misappropriating loan funds sanctioned in the name of a non-existent company, Naba Agro Trade International, from Islami Bank's Gulshan branch, confirmed ACC Director General Md Akhter Hossain.
According to the case statement, the accused—including former officials of Islami Bank—colluded to recommend and approve loan proposals in favour of the shell company.
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They allegedly abused their power, fabricated documents, and engaged in fraud and corruption to secure loan facilities worth Tk670 crore.
Out of the sanctioned amount, Tk363 crore was shown as disbursed but was embezzled.
The accused named in the case includes S Alam Group owner Md Saiful Alam, Nabil Group owner and Managing Director Md Aminul Islam, Sonali Traders Director Shahidul Alam, Century Flour Mills Managing Director Md Ariful Islam Chowdhury, Century Flour Mills Director Md Hasanuzzaman, Naba Agro Trade International Managing Director Mamunur Rashid, and the company's Chairman Harunur Rashid, among others.
