Home Business 311 crore taka embezzlement, ACC case against 24 people

311 crore taka embezzlement, ACC case against 24 people

by Afonso
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The Anti-Corruption Commission (ACC) filed a case against 24 people including a former DMD of Investment Corporation-ICB, Chairman and MD of Universal Financial Solutions for embezzling Tk 311 crore 44 lakh 87 thousand 314.

On Sunday afternoon, ACC Deputy Director Hafizul Islam filed the case at the agency’s integrated district office, Dhaka-1, as the plaintiff.

Accused in the case have been accused of embezzling 311 crore rupees of loans and savings deposits through fraud and forgery.

It is said in the statement that the accused have colluded with each other by showing investment in the name of various business organizations and without repaying the loan amounting to 59 crore 40 lakh, 148 crore by showing investment in mutual fund, 63 crore 87 lakh for sale of shares, 7 crore for mutual fund fee. He embezzled a total of 311 crore 44 lakh 87 thousand 314 including 89 lakh 95 thousand taka.

The accused are Syed Alamgir Farukh Chowdhury, Chairman of Universal Financial Solutions Limited, an asset management company registered with the Securities and Exchange Commission, Syed Hamza Alamgir, Managing Director and Director (UFS), Ishrat Alamgir, Alia Haque Alamgir, Syeda Shehreen Hossain, Syeda Mehreen Rahman, Mahid Haque, Mohammad Zakir Hossain, Md. Tariq Masood Khan, Mohammad Masum Chowdhury and Mosammat Umme Islam Sohana. Chief Investment Officer of the same organization. Mominul Haque, manager. Saqib Al Farooq, Head of Fund Operations. Hafizur Rahman Rajiv has also been made an accused.

On the other hand, the accused of Investment Corporation of Bangladesh (ICB) are ICB Managing Director Mosaddekul Alam, Assistant General Manager Taleb Hossain, Deputy General Manager Mohammad Shahjahan and former Assistant General Manager Mahbub Alam.

Besides, in the audit firm Muhammad Jabed Ali Mridha, official of Rahman Mostafa Alam & Co. Mohammad Mofizul Haque Rinku, owner of RI Enterprises Fakhrul Alam, chairman of Vanguard Traders Limited Taslima Rahman, MD of Multimax International Shariq Ahmed and MD of Tanzin Fashions Limited. AIM Mahabubul Mujib has been made an accused.

The said accused have been charged under Section 5 (2) of the Penal Code 420/467/468/471/409/109 and Prevention of Corruption Act, 1947 and Section 4(2) and 4(3) of the Prevention of Money Laundering Act-2012.



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