HC questions ACC's inaction on alleged loan irregularities

The High Court has directed the Anti-Corruption Commission (ACC) and Bangladesh Bank to dispose of, within 90 days, a petition seeking an investigation into allegations of loan irregularities and money laundering by Nice Spun, a subsidiary of the Noman Group.

The order comes amid claims that the company secured more than Tk 10.75 billion in loans from Agrani Bank through serious procedural violations.

The HC bench of Justice J B M Hassan and Justice Aziz Ahmed Bhuiyan delivered the order on Sunday after hearing a writ petition filed by Anwar Hossain, a resident of Lohagara upazila in Chattogram.

Mr Anwar alleges that the ACC failed to take action despite receiving a formal complaint last year.

The court has now asked government bodies to explain why this inaction should not be declared illegal. It further asked why the respondents should not be ordered to initiate an investigation into the allegations against Nice Spun.

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