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A Dhaka court on Monday sent the former Managing Director (MD) of the Islami Bank Limited Mohammad Monirul Mawla to jail for misappropriation of money and concealing the source of it.
Dhaka Metropolitan Sessions Judge Md Zakir Hossain Galib passed the order as police produced Monirul Mawla, who was also the former chief executive officer (CEO) of the bank, before the court.
Deputy Director (DD) of the ACC and Investigation Officer of the case Md Yasir Arafat pleaded to keep him behind bars till the end of the probe, reports BSS.
After hearing on the plea, the Judge ordered to send Monirul to jail.
Earlier on June 22, the Detective Branch (DB) of Police arrested Monirul Mawla from his residence at Bashundhara Residential area in the capital.
The ACC on December 19 last year, filed a case against 58 people including Ahsanul Alam, son of S Alam, and Monirul Mawla for their alleged involvement in embezzling Tk 1092,46,00,000 from the Islami Bank through fraudulent acts.
The DD of the ACC’s Chattogram Integrated District Office-1 Md Yasir Arafat filed the case after its primary inquiry.
The arrested accused Monirul Mawla also laundered the money by handing over, Transfer and conversion for hiding the source and nature of the money, the ACC alleged.