Islami Bank Bangladesh PLC has filed a formal complaint with the Anti-Corruption Commission (ACC) against former president Md Sahabuddin Chuppu, S Alam and 38 people in all, over the alleged embezzlement of 500 crore taka in the name of a loan. The complaint was filed at the ACC office on Monday afternoon. It said that after the S Alam Group took control of the bank in 2017, the loan limit of a weak firm called Suprov Composite Knit Limited was raised through fraud from 100 crore to 500 crore taka, and the money was later withdrawn and embezzled. Businessman S Alam played a role in illegally arranging the loan for Suprov Composite Knit Limited, an associate firm of Annontex Group’s Younus Badal. As members of the then board of directors, Md Sahabuddin and the bank’s three former managing directors — Monirul Mawla, Abdul Hamid Miah and Mahbub ul Alam — and others concerned approved the unethical act and benefited financially. The complaint sent to the ACC said Islami Bank authorities had uncovered these irregularities after investigating through four audit firms.
বাংলায় মূল প্রতিবেদন পড়ুন · Read the original Bengali report