SJIBL director sent to jail for swindling

Director of the Shahjalal Islami Bank Limited (SJIBL) Mohammad Solaiman was sent to jail Thursday for his alleged swindling of about Tk 1.40 billion from the bank.
Metropolitan Magistrate Mollah Saiful Islam issued the order to send him to jail as there was no appeal from the accused.
ACC lawyer Mosharraf Hossain Kajol told reporters later that the court sent him to jail since there was no petition from Mr Solaiman.   
The Anti-Corruption Commission (ACC) arrested Mr Solaiman from the city's Bijoynagar area.
On April 13, 2014, the SJIBL Jubilee Road Branch in Chittagong filed a case with the 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 Mr Solaiman, the bank management had given enough time to the SK Steel to repay the loan to the bank, but the company did not.
Talking to reporters in front of the ACC head office Wednesday, Mr 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.