ACC approves case against six including three AB Bank officials

The Anti-Corruption Commission (ACC) approved on Sunday a case against six persons, including three bankers, for their alleged involvement in misappropriating Tk 366 million from AB Bank Ltd.

The accused are -- managing director of Beats Fashion Ltd Taslim Ahmed, his wife and the company's director Shamima Ahmed, managing director of Fair Trade Group Jasim Ahmed.

Accused bank officials include -- former manger of AB Bank Kakrail branch Saiful Islam Khan (current senior vice-president at the bank's principal branch), former senior principal officer of the branch Al-Amin Miah, and former senior assistant vice-president of AB Bank principal branch Azad Hossain.

ACC sources said the six persons, in collusion with each other, embezzled Tk 366,723,000 taken from AB Bank's Kakrail branch between 2012 and 2018.

The money was taken as loans in phases defying regulations of the bank, spending funds in unauthorised sector, flouting conditions of back to back LCs, among others.

The bank officials disbursed the loans without proper collateral, sending loan proposal to head office of the bank without checking credit information bureau (CIB) report on the borrowers, etc.

The incident of embezzlement has been investigated by ACC headquarters assistant director Md Sirajul Haque.

The case will be filed soon as per sections 406/409/109 of the Penal Code and section 5(2) of the Prevention of Corruption Act, 1947, according to ACC sources.

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