Misappropriation of Tk 4 crore: ACC sues Standard Bank ex-MD, 7 others

The Anti-Corruption Commission (ACC) has filed a case against former managing director of Standard Bank Mamun-ur-Rashid and seven others for allegedly amassing about Tk 4 crore of the bank.
ACC's Assistant Director Muhammad Zoynal Abedin filed the case today.
Other accused are Sachetan Sahajjo Songstha's Executive Director Jesmin Rashid, president Hasna Hena, general secretary Nasrin Aktar; Standard Bank's Additional Managing Director Tariqul Azam, the bank's former manager Shoaib Mahmud Tuhin, former senior executive officer Sheikh Mohammad Munsurul Karim and former vice president Aminul Islam.
According to the case statement, the accused in collaboration with each other sanctioned loan of Tk 4 crore to the only paper-based organisation Sachetan Sahajjo Songstha.
The incident took place between November 2017 and June 2018.
The loan was never repaid as they misappropriated the money, reads the FIR.
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