ACC sues 7 SBAC Bank officials including chairman over fraud
According to the case statement, Amzad Hossain, in collusion with others, helped the owner of Khulna Builders Ltd to get Tk20.60 crore in loan from South-Bangla bank by making a fake inspection report and preparing a fake stock lot
The Anti-Corruption Commission (ACC) has filed a case against seven officials of South Bangla Agriculture and Commerce Bank Limited (SBAC) including its chairman SM Amzad Hossain over fraudulence.
According to the case filed by ACC Deputy Director Anwar Prodhan on Thursday, Amzad Hossain, in collusion with others, helped the owner of Khulna Builders Ltd, a company in name only, to get Tk20.60 crore in loan from the bank by making a fake inspection report and preparing a fake stock lot.
The beneficiaries of the loan embezzled the money by transferring it to various individual and company accounts.
The six others accused are SBAC Bank's former MTO Topu Kumar Saha, Senior Officer Bidyut Kumar Mandol, Operation Manager Mohammad Manzurul Alam, Vice-President and former branch head SM Iqbal Mehedi, EO and Credit-in-Charge Nazrul Islam and Senior Officer Maria Khatun.