Anti-Corruption Commission (ACC) yesterday filed two separate cases against 12 persons including Maj (retd) MA Mannan, former chairman of Bangladesh Industrial Finance Company Limited (BIFC), for allegedly misappropriating around Tk 43.4 crore from the non-banking financial institution.

The other accused are: D’ Afroz Sweater Industries Limited’s managing director Golam Zilani Didar; Click to Design’s managing director Nazmul Bashar; BIFC’s managing director Mahmud Malik, former managing director Inamur Rahman, former senior vice president Syed Fakre Foysal, former assistant vice president Ahmed Karim Chowdhury, former senior officer Mohammad Nizam Uddin, former officer Saikat Azad, former principal officer Taniza Mazed, former officer Masud-ul-Reza Chowhdury and former senior officer Afrida Ahsan.

ACC Deputy Director SM Sahidur Rahman filed the cases with its integrated district office in Dhaka.

According to a case statement, BIFC issued a loan sanction letter to D’ Afroz Sweater Industries in 2008. The letter enabled D’ Afroz Sweater Industries to secure a Tk 45 lakh loan for 12 months.

Later, the then managing authority, misusing its power and through forgery, gave Tk 61.39 crore to D’ Afroz Sweater Industries, which has so far paid back Tk 39.47 crore.

BIFC issued another loan of about Tk 6.47 crore in 2008 to D’ Afroz Sweater Industries, which has not been repaid.

ACC found that most of the money went to organisations where Mannan was involved like First Leasing International, Sunman Industrial Corporation, Banglalion Communications, Sunman Pharmaceuticals, Deep Sea Trawling Company, Tower Builder, Sunman Spinning Mills Ltd and Sirina Garments Textiles.

“It appears that Mannan was the main beneficiary of the money withdrawn through forgery,” it said.

BIFC issued two loan sanction letters to Click to Design in 2010 and 2011. The limit of the loan was Tk 4 crore. But some Tk 15.46 crore was given to Click to Design. The business has so far repaid Tk 15.82 lakh.

Meanwhile, ACC has issued a letter to former district and session judge Rezaul Karim Khan to submit his wealth statement within 21 work days. The letter was issued on August 7.