FE Today Logo

ACC seeks travel ban for 11 frauds

FE Report | July 12, 2019 00:00:00

The Anti-Corruption Commission (ACC) wrote on Thursday to police to impose a travel ban on 11 persons, including a former chairman of AB Bank Ltd.

The restrictions came following their involvement in embezzling Tk 3.83 billion from the bank.

The individuals are former AB Bank chairman M Wahidul Haque and directors Firoz Ahmed, Syed Afzal Hossain, former directors Md Abdul Awal, M Imtiaz Hossain, Shishir Ranjan Bose, Fahimul Haque, Md Mejbaul Haque, Zakia Shahrukh Khan, Mishal Kabir and BB Saha Roy.

According to the letter sent to the special branch of police, they have been trying to leave the country along with their families.

The anti-graft watchdog sought travel restrictions for a smooth investigation of the loan scam, according to ACC public relations department.

The ban was recommended according to a case filed by ACC deputy director Sheikh Abdus Salam on June 28, 2017 against 16 people for their misdeeds.

Former foreign minister and now-defunct mobile phone operator Citycell chairman M Morshed Khan and his wife Nasrin Khan are also accused in the case.

ACC imposed a similar ban on Mr Morshed and his wife too on June 10 last.

According to the case dockets, the accused applied to the Mohakhali branch of AB Bank for a bank guarantee of Tk 3.48 billion in favour of Citycell.

The bank approved it without scrutinising documents.

Based on the guarantee, Citycell took out the loan with an eye to expanding its business but failed to repay it.

The loan amount stood at Tk 3.83 billion with interest for the operator's failure to repay in time.


Share if you like