ACC quizzes ex-Trust Bank MD Ishtiaq over loan scam

The national anti-graft authority on Tuesday quizzed former managing director of Trust Bank Limited and its two other officials over embezzlement of Tk 440 million from the bank by Europa Group.

A team of the Anti-Corruption Commission (ACC) interrogated the former managing director and CEO of Trust Bank Ishtiaq Ahmed Chowdhury at the ACC headquarters in the city's Segunbagicha.

The two other persons who faced the interrogation were the bank's deputy assistant director (DAD) Abu Jafar Hedayetul Islam and executive vice president Syed Mansur Mostafa, according to ACC sources.

The ACC team comprising deputy director Samsul Alam and assistant director Gulshan Anwar conducted the quizzing session from 9:30am to 2:00pm.

Earlier on May 27 (Sunday), the anti-graft watchdog grilled Europa Group managing director Salim Chowdhury on charge of the loan scam.

The commission after its primary investigation found evidence of misappropriation of Tk 440 million by Europa Group from Trust Bank.

The money was taken as loan in favour of different wings of Europa Group from the bank's Tejgaon Industrial area branch.

Besides, ACC has also been investigating loan misappropriation by the group from state-owned Agrani Bank and Rupali Bank.

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