Former Jamuna Bank DMD held

The Anti Corruption Commission (ACC) arrested former deputy managing director (DMD) of Jamuna Bank Limited Mozammel Hossain Monday in connection with the swindling of about Tk 11 billion bank loan by Bismillah Group, a terry towel company.

Deputy assistant director of the anti-graft watchdog M Mahbubur Rahman, with the assistance of police, arrested Mozammel Hossain from the city's Segunbagicha area, ACC Public Relations Officer Pranab Kumar Bhattacharya said.

On November 3, 2013, the ACC filed 12 cases against 53 people in connection with the case. The ACC investigation team, led by its deputy director Syed Iqbal Hossain, filed the cases with three police stations --Ramna, Motijheel and New Market -- in the city.

The cases were filed against 13 officials of Bismillah Group, 12 officials of Janata Bank, eight of Prime Bank, seven of Premier Bank, five of Jamuna Bank and seven of Shahjalal Islami Bank.

According to a Bangladesh Bank report, Bismillah Group allegedly swindled about Tk 11 billion from the state-owned Janata Bank and four private commercial banks. The group allegedly embezzled around Tk 3.92 billion from Janata Bank, Tk 3.06 billion from Prime Bank, Tk 1.64 billion from Jamuna Bank, Tk 1.49 billion from Shahjalal Islami Bank and Tk 629.7 million from Premier Bank.

The ACC probe team found proof of the embezzlement.