ACC grills four City Bank officials over Tk 181m loan scam

The Anti Corruption Commission (ACC) quizzed on Thursday four officials of The City Bank Limited in connection with a Tk 181 million loan scam.
The bank officials grilled by ACC are: former head of SME (head office) Badrudoza Chowdhury, former head of marketing Sadat Hossain Khan, business development manager Nurul Azam Majumder and relationship manager SM Ashique Al Mehdi.
A three-member team, led by deputy director and inquiry officer Zulfikar Ali, started quizzing the bank officials at 11:00 am and continued it until 2:00 pm at the ACC head office in the capital, its public relations officer Pranab Kumar Bhattacharya told the FE.
Earlier on February 17-18, the ACC also questioned 10 City Bank officials in connection with the loan scam.
The ACC launched a probe into the loan scam on September 24, 2014.
According to ACC sources, Wahidur Rahman, said to be a businessman, had earlier taken loans amounting to Tk 10 billion from five commercial banks, including Tk 181.6 million from City Bank, showing fake documents.
Later, he in collusion with the bank officials embezzled the money.    bdsmile@gmail.com