ACC sues 12 over embezzling Tk 431m fund from BIFC

The Anti-Corruption Commission (ACC) on Thursday filed two separate cases against 12 persons for their alleged involvement in the embezzlement of Tk 431 million from Bangladesh Industrial Finance Company Limited (BIFC).
Among them, former chairman of BIFC and Bikalpa Dhara Bangladesh secretary general Major (retd) MA Mannan, D' Afroz Sweater Industries Ltd managing director Golam Zilani Didar and Click to Design managing director Md Nazmul Bashar are key accused in the cases.
The other accused are former officials of BIFC -- BIFC managing directors Md Mahmud Malik and Enamur Rahman, senior vice-president Syed Fakhre Faisal, assistant vice-president Ahmed Karim Chowdhury, principal officer Taniza Majed, senior officers Md Nizam Uddin and Afrida Ahsan, and officers Shaikat Azad and Masud-ul-Reza Chowdhury.
According to the statement of the case-1, the accused BIFC officials disbursed Tk 288,435,294 to D' Afroz Sweater Industries Ltd under two loan agreements defying the loan limit approved by its board.
In the meantime, Click to Design took loan of Tk 143,067,000 from BIFC under two loan agreements but never returned the money rather embezzled the fund, as per the statement of case-2.
The cases were filed with ACC's integrated district office-2 in Dhaka by its deputy director SM Shahidur Rahman.
Both cases were filed according to sections 406/409/420/109 of the Penal Code and section 5(2) of the Prevention of Corruption Act, 1947.
Besides, the commission also framed charge sheet of a case against former chairman of Ekushey Television (ETV) Abdus Salam for not submitting wealth statement in time and accumulating Tk 322 million from unknown sources.
The case was filed with Ramna police station April 14, 2017 by ACC deputy director Md Shamsul Alam.

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