Tk 7.8cr Embezzlement
ACC charges seven Oriental Bank staff
The Anti-Corruption Commission (ACC) yesterday pressed charges against seven former officials of now defunct Oriental Bank Ltd in eight cases filed for embezzling Tk 7.80 crore of depositors' money.
According to ACC investigation, the seven officials, including five vice-presidents of the bank, misappropriated the amount in the name of disbursing loans from the bank to some fake business firms in 2005.
The five ex-vice-presidents of the now-defunct bank are Shah Mohammad Harun, Abul Kashem Mohammad Ullah, Fazlur Rahman, Mahmud Hossain and Kamrul Islam.
The other two accused are Tariqul Alam, former executive officer, and Imamul Huq, former deputy managing director of the bank's principal office in the capital.
Abul Hossain, ACC deputy director, said he along with two other deputy directors submitted the charge sheets to the Chief Metropolitan Magistrate (CMM) Court of Dhaka.
He was speaking at a press briefing held at ACC office in the capital.
ACC investigation found that the accused sanctioned Tk 1 crore in loan to Abul Hossain, a business firm, Tk 95 lakh to Modern Bulders Ltd, Tk 95 lakh to Latif Engineers, Tk 95 lakh to Momtaj Enterprise, Tk 95 lakh to Nur Machineries, Tk 1 crore to Bakkar Hossain, Tk 1 crore to Abdus Salam and Tk 1 crore to City Com.
Deputy Director Abul Hossain said all eight business entities are fake and the account holders of the businesses are nonexistent.
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