Former Exim Bank MD Feroz Hossain arrested in Tk 8.57b embezzlement case
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The Anti-Corruption Commission (ACC) on Thursday arrested former Exim Bank MD and CEO Mohammad Feroz Hossain over embezzlement of Tk 8.57 billion.
A team led by ACC Assistant Director Shahjahan Miraj apprehended him from the Segunbagicha area of the capital around midday on November 6. He is expected to be produced in court the same day.
The ACC had filed a case on August 17 against 21 individuals, including former Exim Bank Chairman Nazrul Islam Mazumdar, alleging embezzlement and laundering of over Tk 8.57 billion through loan approvals obtained by abusing power.
Earlier, on October 1, Nazrul Islam Mazumdar was arrested by the Detective Branch (DB) of Dhaka Metropolitan Police from Gulshan.
The accused have been charged under Section 409 of the Penal Code, Section 5(2) of the Anti-Corruption Act 1947, and Sections 4(2) and 4(3) of the Money Laundering Prevention Act 2012.