The Anti-Corruption Commission (ACC) has submitted a charge sheet against Md Nazim Uddin, the manager at the Chattogram branch of AB Bank.
Mujibur Rahman, assistant director at the ACC, submitted the charge sheet against Nazim Uddin and Md Abul kalam Habib, owner of M/S Tania Enterprise-2, on Tuesday.
Abdus Salam, general recording officer, confirmed this to The Business Standard on Wednesday.
According to the charge sheet, Abul Kalam opened a letter of credit (LC) with the AB Bank, through which he imported a scrap vessel at a cost of Tk111 crore.
Advocate Kamrul Islam Sikder, Nazim's lawyer, said, "The bank's head office approved the loan in the first place, but the case has been filed against the branch manager only."
After selling the imported scrap vessel, instead of repaying the whole LC amount (Tk111 crore), he repaid only about Tk20 crore to the bank, out of the (LC) amount.
Earlier, Habib did not repay 150 crores to AB Bank in another letter of credit, for which the bank officials had not taken any action against him.
Instead, Nazim Uddin approved the new letter of credit worth Tk111 crore to Habib, the charge sheet stated.