ACC sues Farmers Bank ex-MD, six others

The Anti-Corruption Commission (ACC) on Sunday filed a case against seven people, including six high officials of Farmers Bank, for embezzling Tk 300 million from the bank.

The ACC filed the case with Gulshan Police Station for embezzling the money, said ACC public relations officer Pranab Kumar Bhattacharya.

Deputy Director of ACC Shamsul Alam filed the case under the Money Laundering Prevention Act, 2012, reports UNB.

The accused are -- managing director of Bansprati Products Limited Shahabuddin Alam and its chairman Yeasmin Alam, former managing director and CEO of the Farmers Bank Chowdhury Istiaque Ahmed, former additional director of the bank AMM Shamim, SVP of the bank Ziauddin Ahmed, former manager and SVP of Gulshan corporate branch Delowar Hossain, and former chairman of audit committee of the bank Mahbubul Haque Chisty.

During investigation the ACC found huge irregularities from starting to withdrawal of loan and siphoning off the money.