Ex-7 officials of Oriental Bank, currently known as ICB Islami Bank gets 10-yr regoous imprisonment for loan scam.
A Special Judge’s Court on Monday ordered to send seven officials of Oriental Bank to ten years rigorous imprisonment each for sanctioning a loan of Tk 1.00 crore to a spurious company.
The amount was later accumulated to Tk 1.88 crore with interests.
The Special Court’s judge Hosne Ara Begum, passed the order and asked them to pay a fine Tk 1.90 crore.
They all worked at the headquarters of the bank on Kazi Nazrul Islam Avenue when the crime was committed in 2005.
The offenders were identified as Khan Md Harun, senior vice president of the bank, Abul Kashem Mahmudullah, senior assistant vice president, Fazlur Rahman, former assistant vice president, Mahmud Hossain, senior executive vice president, Kamrul Islam, former executive vice president, Enamul Haque, former deputy general manager.
Earlier, M/s Tanveer Agency, opened an account with Oriental Bank’s (recently known as ICB Islami Bank) headquarter at Kazi Nazrul Islam Avenue on July 27 in 2005 and applied for Tk 10,00,00,00 loan, which was granted on that very day.
Later the investigations revealed that the company was a fake one.
Deputy Director of Anti Corruption Commission, Md. Jahangir Alam filed a case against the officials in this connection on December 29 in 2006.
Police pressed charges against the officials on March 9, 2013.The convicts have been hiding.
Source: New Age
