UCBL official sent to jail in money laundering case
A Chittagong court yesterday sent a bank official to jail after he surrendered before it in a money laundering case.
The official is Golam Kabir, managing director of Geodetic Survey Corporation of United Commercial Bank Ltd (UCBL).
Public prosecutor Mejbah Uddin Chowdhury said in June 2012, Kabir helped importer Ali Abbas -- proprietor of M/S Abbas Trading in Anderkilla -- get a loan of Tk 18.18 crore from UCBL Katunganj branch to open a LC for importing rice.
Showing Abbas's property, which was mortgaged to Krishi Bank's Agrabad Branch, as non-mortgaged property, Kabir helped Ababs get the loan. Later, the money was laundered abroad, said the PP.
The Anti Corruption Commission lodged the case accusing nine people including Abbas -- who is in jail -- and Kabir in January, 2013. Seven accused are on bail, the PP added.
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