Businessman,6 ex-Oriental Bank officials jailed for loan fraud

Seven people, including six high official of the Oriental Bank (now the ICB Islamic Bank), have been sentenced to rigorous imprisonment for a loan fraud. The court of Dhaka's Fourth Special Judge Aminul Islam gave the verdict on Tuesday in the case involving Tk 10 million. A businessman, Bakar Hossain, was sentenced to 10 years’ rigorous imprisonment while the six bank officials were given seven years of rigorous terms each. The bank officials are former Senior Vice President Shah Md Harun, former Senior Assistant Vice Presidents Md Abul Kashem and Mahmud Hossain, former Assistant Vice President Fazlur Rahman, former Executive Vice President Kamrul Islam and former Deputy General Manager Emamul Haque. The convicts will have also been fined Tk 1.42 million each. According to the case details, the seven had formed a fake company with Bakar Hossain as the owner, and the bank disbursed loans worth Tk 10 million to it,according to bdnews24.com.