The Anti-Corruption Commission (ACC) filed on Tuesday a case against three persons, including two bank officials, for defrauding AB Bank Limited of Tk 1.33 billion.
Chattogram-based Yasir Enterprise proprietor Mozahar Hossain has been accused of swindling the money.
Two others are executive vice-president and manager Md Nazim Uddin of AB Bank's Chattogram port-connecting road branch and former senior assistant vice-president Md Azad Hossain.
ACC assistant director Md Sirajul Haque lodged the case with Halishahar police station in Chattogram, said ACC spokesperson Pranab Kumar Bhattacharjee.
According to the case statement, the individuals misappropriated more than Tk 1.33 billion from the bank through opening letters of credit (LCs) in favour of Yasir.
The LCs were opened against import or procuring products from the local market.
The company obtained loan approval for importing or locally procuring fertiliser, seed, chemicals and food items like wheat, rice and pulse.
It sold food items on the local market but did not bother to repay the money to the bank which was eventually embezzled by the accused.
The loans were approved by the AB Bank headquarters on October 31 in 2012 while the money was supposed to be repaid by October 31 in 2013.
The case was registered according to sections 409/420/109 of the penal code and section 5(2) of the Prevention of Corruption Act 1947.
On February 20, the anti-graft watchdog approved chargesheeting the accused in the case.
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