Janata Bank GM among 5 sued by ACC

The Anti Corruption Commission (ACC) today filed a case against five bank officials, including a General Manager of Janata Bank Limited, and four others for allegedly swindling over Tk 250 crore from the bank through opening letters of credit (LCs) to a fake company.

ACC Deputy Director M Shamsul Alam filed the case against them with Motijheel Police Station in Dhaka, said Pranab Kumar Bhattacharya, Commission’s public relations officer.

The case was filed against Janata Bank General Mangaer M Manzurul Alam, its former Assistant General Manager Shamim Ahmed Khan, senior Executive Officer of local office Mashiur Rahman, Assistant General Manager ASM Zahirul Islam and owner of M/s Dhaka Trading House M Tipu Sultan.

According to the first information report (FIR), five officials of the bank, including the four accused and former general manager M Aminul Islam, opened seven LCs against a fake company, M/s Dhaka Trading House, for importing sugar and chickpeas during November 2010 to April 2012.

But, M/s Dhaka Trading House did not import any goods. And all the five bank officials along with the accused Tipu Sultan embezzled over Tk 250 crore released from the bank against the LCs. As Aminul Islam died, his name has been dropped from the case.

The case was filed under the Corruption Prevention Act 1947 and section 809/109 of Penal Code.