CHATTOGRAM, Dec 19, 2024 (BSS) - Anti Corruption Commission (ACC) here today filed a case against Ahsanul Alam, former chairman of Islami Bank Bangladesh Ltd (IBBL) and son of fugitive businessman S Alam for allegedly misappropriating Tk 1092.46 crore from IBBL through sanctioning loan in a fraudulent means.

A total of 58 persons, including former director and chairman of Executive Committee of IBBL Mohammad Selim Uddin, incumbent Managing Director Monirul Mowla, former vice chairman Tanvir Ahmad along with a number of former directors and top bank officials, a staff of S Alam group and businessmen were made accused in the case filed by deputy director of ACC, Ctg office Yasin Arafat, ACC sources said.

Golam Sarwar Chowdhury, a regular staff of S Alam group in connivance with top bank officials and different business houses, had moved forward the loan approval process by submitting fake documents and got approval for the loan amounting to Tk 1,100 crore, sources said.

IBBL’s Caktai branch in the city approved the loan.

According to the case, it was stated that Golam Sarwar Chowdhury, a staff of S Alam Group claiming himself as proprietor of M/S Murad Enterprise  along with other business firms applied for the loan in November 2021 at IBBL’s Caktai branch with fake documents.

Branch officials gave primary approval to the loan proposal and sent it to the head-office of IBBL where it took only one month to get final approval and sanction.  ACC investigation found that most of documents submitted for the loan and business enterprises were fake and bank officials in connivance with top bank management sanctioned the loan without proper scrutiny.  

ACC official brought the allegation against the accused persons under clause 409/420/467/468/471/477 (ka) /109 of Bangladesh Penal Code , Anti-Corruption Act 5(2) of 1947 and 4(2) and 4 (3) of Money Laundering Prevention Act -2012.