ACC okays charge sheet in Jamuna Bank case

The Anti-corruption Commission (ACC) has approved a charge-sheet against five people, including three officials of Jamuna Bank, in the case of misappropriation of around Tk 81 million,  reports UNB.
The anti-graft watchdog at its regular meeting recently approved the charge-sheet, ACC sources said.
The charge-sheet will be submitted before court against managing director of Rayhan Packaging Industries Limited Yusuf Hossain, former manager of Jamuna Bank's Shantinagar Branch Belal Hossain, assistant vice president AKM Shah Alam (Shantinagar Branch), first assistant vice president Biplob Kumar Chakrawarty and C&F agent of Ajmeri International Abu Taher.
On May 26, 2013, the ACC filed a case against four people, including three officials of Jamuna Bank, on charge of misappropriating the money.
Managing director of Rayhan Packaging Industries Limited Yusuf Hossain, former manager of Jamuna Bank's Shantinagar Branch Belal Hossain, assistant vice president AKM Shah Alam (Shantinagar Branch) and first assistant vice president Biplob Kumar Chakrawarty were sued.
During the ACC's investigation, it was found that the Packaging Industries Limited earlier opened 13 letters of credits (LCs) at Shantinagar Branch of Jamuna Bank to import goods. Although the packaging firm imported goods worth over Tk 46.5 million under the bond facility, it did not export packaging goods as per the condition of LCs.
As the Packaging Industries Limited imported the duty-free goods under the bond facility, it also dodged duty of over Tk 33.6 million, ACC said.
The five accused in collusion with each other swindled the total amount, according to the charges.
Comments from the accused were not available.