DHAKA, Feb 5, 2025 (BSS) - The Anti-Corruption Commission (ACC) has filed against Shibli Rubayat Ul Islam, ex-chairman of the Bangladesh Securities and Exchange Commission (BSEC), a regulatory body of the capital market, and six others, accusing them of taking a bribe of Taka 3.76 crore.

ACC Director General (Prevention) Md Akhtar Hossain told this at briefing at its Headquarters this afternoon.

The other accused include chairman of Monarch Holdings Javed A Matin, owner of Xin Bangla Fabrics Ariful Islam, first assistant vice president (FAVP) of Mutual Trust Bank Israt Jahan, vice president and branch operation manager of the same bank Iqbal Hossain and senior executive vice president (SEVP) of the Audit and Inspection Department and former branch manager of the bank Syed Mahbub Morshed.

According to the case document, Rubayat allegedly accepted a bribe of over Tk 1.92 crore through a fake house rent agreement. This money was transferred from Monarch Holding, owned by Javed A Matin, to Rubayat’s personal bank account through four transactions.

Besides, the ACC accused him of receiving Tk 1.84 crore through fraudulent export transactions by fabricating a fake product sales contract, bringing the total bribery amount to Tk 3.76 crore.

Earlier, the Detective Branch (DB) of Dhaka Metropolitan Police (DMP) last night arrested Rubayat from Dhanmondi area in the capital.

His arrest came just days after the Ministry of Home Affairs cancelled his passport, alongside eight other former BSEC officials on 29 January.

The ministry also imposed a travel ban on them preventing them from leaving the country.

Earlier on 9 October 2024, a Dhaka court had also issued a travel ban on Rubayat amid an ACC investigation against him on charges of amassing illegal wealth and money laundering.