Court issues travel ban on four Premier Bank officials

A Dhaka Court on Sunday issued a travel ban on four officials of Premier Bank Limited amid an allegation of money laundering.
The officials are: Md Shahid Hasan Mallik, Additional Managing Director (AMD) and Manager of Narayanganj branch; Moshfiqul Alam, Vice President and Second Officer of the branch; Dipak Kumar Debnath, Senior Assistant Vice President and Foreign Exchange in Charge of the branch; and Mohammad Mahadi Hasan Sarker, Senior Assistant Vice President and Credit in Charge of the branch.
Judge of the Dhaka Metropolitan Senior Special Judge's Court in Dhaka Ash-Shams Jaglul Hossain passed the order after hearing a petition filed by the Anti-Corruption Commission (ACC).
ACC Public Prosecutor Mahmud Hossain Jahangir confirmed the court order to the FE.
Earlier on the day, ACC Deputy Director Md Mostafizur Rahman filed a petition before the court to issue a travel ban against these officials.
The ACC prayer said that an investigation has been continuing into an allegation that these four officials and others committed offences under Money Laundering Prevention Act.
These officials in connivance with other accused persons sanctioned a loan worth Tk 30 billion in favour of 43 fake readymade garment-exporting companies, and finally laundered and embezzled the amount.
According to the prayer, these officials were planning to leave the country. So a travel ban is necessary against them, it reads.
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