Anti-Corruption Commission (ACC) files case against 43 accused for embezzling Tk 363 crore from S Alam and Nabil Group "A total of 43 people, including S Alam Group owner Saiful Alam, Nabil Group owner Aminul Islam and former chairman of Islami Bank, have been charged with embezzling Tk 363 crore from the Gulshan branch of Islami Bank. The accused also include top officials of Naba Agro Mamunur Rashid, Harunur Rashid, director of Sonali Traders Shahidul Alam, managing director of Century Flour Mills Md. Ariful Islam Chowdhury, director Md. Hasanuzzaman, former DMD of Islami Bank Miftah Uddin, additional MD Mohammad Kaiser Ali, manager of Gulshan branch ATM Shahidul Haque, former chairman Professor Md. Nazmul Hasan and others.
The above case was filed at the Dhaka district office of the Anti-Corruption Commission on Wednesday. ACC Director General Md. Akhtar Hossain confirmed this information to journalists.
The complaint states that the loan was taken in the name of a fictitious organization, Naba Agro Trade International. The accused approved a loan of Tk 670 crore in the name of a non-existent organization, Naba Agro Trade International, through abuse of power, preparation of fake documents and corruption.  Of this, 363 crore taka was shown to have been distributed, which was later embezzled, the statement said.
Cases have been filed against them under multiple sections of the Criminal Code, the Anti-Corruption Act and the Prevention of Money Laundering Act on charges of embezzlement.