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Misappropriation of Tk 1.76b

Special steps taken to prevent AB Bank officials from fleeing

04 August 2022

Staff Reporter :
Police have taken special measures so that absconding the accused of the case filed over misappropriation of Tk 1.76 billion from the AB Bank cannot flee the country, said a report of the law enforcing agency.
Complying with a High Court order, the Police Headquarters have sent the report to the Attorney General office recently also stating that if any accused is arrested in the meantime he or she will be produced in the court immediately.
The report will be submitted in the High Court bench headed by Justice Md Nazrul Islam Talukder on the next hearing date of the case, said Deputy Attorney General AKM Amin Uddin Manik.
The Anti-Corruption Commission (ACC) filed the case against 17 people on charge of embezzling Tk 1.76 billion through fake work orders and illegal bank guarantees. ACC Deputy Assistant Director Abul Kalam Azad filed the case with ACC's District Integrated Office-1 in Dhaka on June 8 in 2021.
'Ershad Brothers Corporation's owner Md Earhsad Ali was made chief accused in the case.
The accused AB Bank's officials are former EVP of the bank ABM Abdus Sattar, AVP and Relationship Manager Abdur Rahim, SVP and former Relationship Manager Anisur Rahman, VP Shahidul Islam, AVP Md Ruhul Amin, EVP and Head of CRM Wasika Afrozi.
The list also included the names of VP and CMR member Mufti Mostafizur Rahman, former SEVP and Head of CRM Salma Akter, AVP and CRM member Emarot Hossain Fakir, former Principal, SVP Officer Tawhidul Islam and CRM member Shamim A Morshed, VP and CRM member Khandaker Rashed Anwar, AVP and CRM member Sirajul Islam, former VP also credit committee member Mahfuzul Islam and former managing directors Mashiur Rahman Chowdhury and Shamim Ahmed Chowdhury.
Earlier on June 14 this year, the High Court sought explanation from Anti-Corruption Commission (ACC) Chairman, Inspector General of Police (IGP) and Additional Inspector General of the Special Branch of Police over their role for not complying with a court order that asked to arrest absconding accused of the case.
During holding hearing on two bail petitions filed by two accused, including AB Bank's AVP and Relationship Manager Abdur Rahim, of the case the High Court passed the order.
The ACC Chairman, IGP and AIGP have been asked to submit their explanation within June 26 this year and the court has also adjourned the hearing on the bail petitions till then.
Complying with the court asking, Mohammad Rezaul Karim, Legal Officer of the Police Headquarters sent the report to the Attorney General office.
State lawyer AKM Amin Uddin Manik earlier said, "A total of four accused are in jail in the case so far we know."
While hearing another bail petition filed by two other accused of the case, the High Court on December 7 in 2021 imposed a travel ban on accused officials of AB Bank Limited including its two former Managing Directors (MDs), Mashiur Rahman Chowdhury and Shamim Ahmed Chowdhury.

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