SJIBL director held as Tk 1.40b swindled

The Anti-corruption Commission (ACC) arrested Wednesday a director of Shahjalal Islami Bank Limited (SJIBL) for allegedly swindling about Tk 1.40 billion (140 crore) from the bank, reports UNB.
ACC assistant director SM Rafiqul Islam conducted a drive in the city's Bijoynagar area around 12:30 pm and detained SJIBL director Mohammad Solaiman from the office of Paradise Corporation located at the Akram Tower.
The detainee was taken to the ACC head office at about 2 pm and then shifted to the Ramna Police Station later.
Solaiman would be produced before the court on Thursday morning, ACC investigator Rafiqul Islam told the news agency.
On April 13, 2014, the management of the SJIBL Jubilee Road Branch in Chittagong filed a case with Kotwali Police Station in the port city against four people, including its director Solaiman, for reportedly swindling Tk 1.40 billion from the bank.
According to the first information report (FIR), as per the proposal of the bank's governing body given on November 16, 2011, former manager of the bank's Jubilee Road Branch and suspended senior vice president ANM Jahangir disbursed the loan of Tk 1.40 billion (as an LC facility) to M/S SK Steel to operate ship-breaking business.
On guarantee by Solaiman, the bank management has given enough time to the SK Steel to return the loan to the bank, but the company did not pay the loan.
Talking to reporters in front of the ACC head office Wednesday, SJIBL director Mohammad Solaiman said he was not involved in the loan scam and even he was not present at the meeting of the SJIBL's governing body held on November 16, 2011 that approved the loan.