Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Thursday, November 26, 2020 11:35:02 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Laundering of Tk 236cr

ACC sues 24 AB Bank officials including ex-chairman, 9 directors

  • Twitter
  • Google+
  • Save
  • E-mail
  • Print
Share your thought
Post a comment »
Read all () »

Staff Reporter :
The Anti-Corruption Commission (ACC) has filed three separate cases against 24 persons including former Chairman M Wahidul Haque, senior officials and nine directors of AB Bank Limited on charges of laundering Tk 236 crore through offshore banking in Dubai, USA and Singapore.
ACC Deputy Director
 Md Jahangir Alam, Assistant Directors Nargis Sultana and Jesmine Akter filed the cases at the ACC's integrated Dhaka Office on Thursday.
The 24 persons who were sued are former AB Chairman M Wahidul Haque, former Managing Director (MD) Shamim Ahmed Chowdhury, former Deputy Managing Directors (DMDs) Mashiur Rahman Chowdhury and Sajjad Hossain, Operations Manager of Khatunganj Branch M Lokman Hossain, former SVP of Chittagong EPZ Branch M Shahjahan, former Principal Officer M Arif Newaz and former SVP M Salahuddin.
The accused are also former EVP M Shajahan of the AB Bank Limited Head Office, EVP M Aminur Rahman, former EVP Sharfuddin Ahmed, Business Division's AVP Kazi Ashiqur Rahman, former EVP Kazi Nasim Ahmed, former SEVP Abu Hena Mostofa Kamal, former SEVP and member Credit Committee Salma Akter.
The list of the accused include former directors MA Awal, Fahim ul Haque, Firoz Ahmed, Syed Afzal Hasan Uddin, Shishir Ranjan Bose, BB Saha Roy, M Mesbaul Haque, Zakia SR Khan and Dr M Imtiaz Hossain also.
A businessman named NM Tayebu Rashid is also sued in one case.
Earlier, the ACC found another incident of money laundering, to the tune of about Tk 236 crore, by AB Bank Ltd using its offshore banking service.
After an inquiry for about three and a half years, the relevant ACC inquiry team detected the involvement of 25 people, mostly from the then board, including the bank's Chairman M Wahidul Haque, said sources at the ACC.
The sources said that three separate cases would be filed in this regard soon as the team led by Jahangir Alam had already submitted their findings to the commission seeking approval for filing the cases.
Of the 25 people, about 18 will be prosecuted in all three cases, he said.
He said that the money was laundered to Singapore and Dubai between 2014 and 2016.
In collusion with a section of the bank management and officials, three overseas companies using addresses in Singapore, USA and Dubai filed applications to the bank for loans from its offshore banking unit during the time, the official said, adding that the companies did not exist.
The three fake companies are Sematcity General Trading LLC, ATZ Communications Pte Ltd and Euro Cars Holdings Pte Ltd.
According to the findings, the companies opened accounts with the bank after they had submitted the applications for the credit.
Of the three companies, one received Tk 60.40 crore, another Tk 14.88 crore and the other Tk 160.80 crore, the official said.
On March 5, the ACC, in connection with another money laundering incident, approved a charge sheet against Wahidul Haque and seven others on charge of their alleged involvement in laundering around Tk 165 crore to the United Arab Emirates.
The seven other accused are AB Bank's Director Syed Afzal Hasan Uddin, its former head of financial institutions and treasury Abu Hena Mustafa Kamal, its former Managing Directors M Fazlur Rahman and Shamim Ahmed Chaudhury, head of offshore banking unit in Chittagong Mohammad Lokman, Vice-President Mohammad Mahfuzul Islam, and businessman Saiful Haque.
According to commission's findings, the eight suspects laundered the sum in collusion with each other between September 2013 and February 2014 in gross violation of the country's laws.
On December 28, 2017, during interrogations, Wahid admitted that he had been involved in the money laundering incident. On January 25, 2018, the commission arrested Wahidul Haque, Abu Hena Mustafa Kamal and businessman Saiful Haque.

Simtex-Group></a></div> <div id=Add Rate

News Archive

Inside The New Nation

Editorial »

Proposed DAP should include provision of protecting city waterbodies

DESPITE LGRD Minister Tajul Islam's last Sunday assurance that Dhaka will be transformed into a modern and liveable city, the proposed Detailed Area Plan (DAP) for the capital is facing severe criticism from architects and urban planners. The flawed DAP, if implemented, will banish 70% of natural waterbodies and flood ...

International »

World renews Afghanistan aid with ceasefire call, conditions

AFP :Donors demanded an immediate ceasefire in Afghanistan on Tuesday as they pledged around $12 billion in aid over four years-but tied their money to civil rights being upheld in peace talks with the Taliban.At a virtual global donor conference hosted from the UN in Geneva, countries affirmed their commitment ...

Sports »

Murray backs compulsory vaccine programme for tennis tournaments

AFP, London :Andy Murray said Tuesday that tennis players should be required to have a coronavirus vaccination before they are allowed to take part in tournaments.With the 2021 tennis schedule facing inevitable issues with the Covid-19 pandemic, three-time Grand Slam winner Murray hopes the long-awaited vaccine will be available by ...

Business & Economy »

Md. Jasim Uddin Akond, President of ICMAB and Shams Mahmud, President of DCCI, exchanging the MoU signing document at ICMAB Bhaban in the city on Tuesday.


City »

State Minister for ICT Division Zunaid Ahmed Palak and Indian High Commissioner to Bangladesh Vikram Kumar Doraiswami at the bilateral meeting on joint invetment in Information and Technology Sector at ICT Tower in the city on Tuesday.

Editorial »

Fraudsters are dominating EC to get NIDs

PEOPLE are facing immense suffering in availing NID card related services, including its correction, due to indifference of the concerned Election Commission officials. As per a report of our daily many applicants for NID services have to face innumerable obstacles. They include apathy and a complete lack of interest on ...

Football »

German Football Assoc officials demand Mueller's return

The future of struggling German national coach Joachim Loew remains uncertain.The German Football Association (DFB) has set a December 4 deadline for the 60-year-old to present a convincing plan for next year's Euro and an analysis of the disastrous 6-0 defeat against Spain in the last Nations League encounter.Loew is ...

Cricket »

Annoying to lose Test series against India: Paine

Red-ball captain Tim Paine has admitted the "annoying" Test series defeat to India still "grinds" him, adding that Australia now has a better all-round side which is pumped up to take on the holders of the Border-Gavaskar Trophy.India had stunned Australia 2-1 to win their maiden Test series Down Under ...

International »

New York City's first black mayor David Dinkins dies

The first and only black mayor of New York City, David Dinkins, has died at the age of 93.Officers were called to his home on Monday evening, New York police were quoted by the Associated Press (AP) as saying. Initial indications were that he died of natural causes.The son of ...

Business & Economy »

SBL gets new AMD

Business Desk :Md. Touhidul Alam Khan joined Standard Bank Limited as Additional Managing Director on Tuesday. Prior, he was the Deputy Managing Director of Prime Bank Limited. Khan did his Masters in Finance from University of Dhaka and started his career with Agrani Bank Limited as Senior Officer in 1993, ...

Entertainment »

Kajol hosts an Instagram live session for her followers

Kajol spread positivity amongst the fans with her outgoing personality. Over the past few years, the actress has been directly connecting with the fans through her off social media platforms. From hosting Ask Me Anything sessions on Instagram, to Chai And Gupshup With Kajol, on Twitter, the actress keeps on ...

Entertainment »

Rashmika Mandanna as the ‘Nat’l Crush of India’

Popular South Indian actress Rashmika Mandanna has been bestowed the title of ‘National Crush of India’ for this year by Google. As soon as the news broke out, her legion of fans, under hashtag #NationalCrushRashmika started sharing appreciation posts as they celebrated their favourite actress’ milestone, reports the Times of ...

Entertainment »

Sunny Leonne seems all Red for role play

The gorgeous actress Sunny Leone defines sexy and sassy the actress has an alluring sense of fashion and style. The actress has a foxy wardrobe from chic pop dresses to vintage ensembles the actress has it all and her followers absolutely envy her pictures. Sunny looks hot and voluptuous in ...

Editorial »

Only change of politics can help investment, not what Investment Board says

THE Revenue Board has dismissed a number of proposals from the Bangladesh Investment Development Authority (BIDA) that the latter feels would help ease doing business in the country. In one proposal, the BIDA has suggested relaxing tax burden, in the form of VAT (value added tax), on financially-vulnerable companies. It ...

International »

New Zealand leader Ardern offers virus know-how to Joe Biden

AP, Wellington:New Zealand Prime Minister Jacinda Ardern on Monday became the latest world leader to congratulate President-elect Joe Biden on his election victory, saying she offered to share her nation's expertise on dealing with the coronavirus.Ardern said the tone of the 20-minute phone call was warm and that Biden spoke ...

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news