A businessman yesterday filed a complaint against three executives of Standard Bank for allegedly embezzling Tk 1.18 crore from his three bank accounts.

Iqbal Karim Talukdar, owner of Karnaphuli Enterprise, filed the complaint with the court of Chittagong Metropolitan Session Judge Md Shahe Noor against the bank's managing director, the regional manager and the CDA Avenue branch manager of Chittagong.

The court ordered the deputy commissioner of the detective branch of the Chittagong Metropolitan Police to investigate the case and submit a probe report, according to the plaintiff's lawyer Sanowar Ahmed Lavlu.

No name was mentioned in the case statement except the position, the lawyer said.

Lavlu said Standard Bank officials of Chittagong CDA Avenue branch allegedly embezzled the funds by forging Talukdar's signatures and documents from February 10, 2010 to February 20, 2012.

"After realising the matter, my client sent a written complaint to the bank seeking explanation. But the bank has not yet replied," the lawyer said.

However, the bank denied the allegation saying that Talukdar, who was a client of Standard Bank, filed false complaint against them. The bank had taken efforts to auction off the mortgaged properties of Talukdar when he defaulted on a loan, a top official of the bank said.