FE REPORT
The Anti-Corruption Commission (ACC) has filed a case against Syed Hamja Alamgir, managing director of asset management company Universal Financial Solution (UFS), and 23 others for allegedly embezzling Tk 3.11 billion from the stock market.
Md Hafizul Islam, deputy director at ACC headquarters in Dhaka, filed the lawsuit on Sunday.
The ACC filed the case under section 420, section 467, section 468, section 471, section 409, section and section 109 of Penal Code 1860, section 5 (2) of the Prevention of Corruption Act, 1947 and section 4 (2) and 4 (3) of the Money Laundering Prevention Act, 2012.
The accused are (1) Syed Alamgir Farooq Chowdhury, chairman, Universal Financial Solutions Ltd, (UFS), (2) Syed Hamja Alamgir, managing director, UFS, (3) Ishrat Alamgir, Director, UFS, (4) Alia Haque Alamgir, director, UFS, (05) Syeda Shehrin Hossain, director, UFS, (06) Syeda Mehreen Rahman, director, UFS (07) Mahid Haque, director, UFS, (8) Mohammad Zakir Hossain, director, UFS (9) Md Tariq Masood Khan, director, UFS, (10) Mohammad Masum Chowdhury, director, UFS, (11) Mosammat Umme Islam Sohana, director, UFS, (12) Md Taleb Hossain, assistant general manager, Investment Corporation of Bangladesh (ICB), (13) Mohammad Shahjahan, deputy general manager, ICB, (14) Md Mahbub Alam, former assistant general manager; (15) Md Mosaddekul Alam, managing director, Investment Corporation of Bangladesh (ICB), (16) Md Mominul Haque, chief investment officer, UFS, (17) Md Saqib Al Farooq, manager, UFS, (18) Md Hafizur Rahman Rajib, head of Fund Operations, UFS and others.
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Universal Financial Solution MD sued for embezzling Tk 3.11bn
FE Team | Published: December 31, 2023 22:55:12
Universal Financial Solution MD sued for embezzling Tk 3.11bn
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