Anti-Corruption Commission (ACC) yesterday filed a case accusing three persons including an official of AB Bank -- of misappropriating Tk 133 crore from the bank.
The accused are Md Nazim Uddin, executive vice president and branch manager of AB Bank in Chattogram; Md Azad Hosen, former SAVP and in-charge of Credit Administration Monitoring unit of the bank's headquarters; and Mozahar Hossain, proprietor of Yasir Enterprise in Chattogram.
Md Sirajul Haque, assistant director of ACC, filed the case with Halishahar Police Station in Chattogram.
“The customer in collaboration with the bank officials misappropriated the money,” reads the FIR.
According to the statement, Mozahar, an importer of wheat, rice, lentil, fertiliser, seeds and chemicals, opened a current account with AB Bank's PCR branch in April 2001.
On recommendation of PCR branch, the bank sanctioned an LC limit of Tk 8,000 lakh, Tk 6,000 lakh and time loan facility Tk 400 lakh to Mozahar and fixed October 31, 2013 as the deadline to repay loan.
Subsequently, following an application by Mozahar on April 7, 2013, EVP of the bank's PCR branch Nazim -- opened an LC worth US$ 62,15,140 to import 13,964 tonnes of lentils.
AB Bank paid the money to corresponding bank Rabobank, Singapore branch on June 6, 2013 in this connection.
The bank's PCR branch accepted a 10 decimal land worth Tk 1.8 crore as collateral from Mozahar against the loan.
Later, another local LC worth Tk 34.99 crore was opened with the bank's PCR branch on April 25, 2013 to buy 10,885 tonnes of wheat from one Musa and Sons.
The bank paid the money to the corresponding bank -- Southeast Bank in May 2013 -- but did not attest whether the goods were transferred from Musa and Sons.
Meanwhile, Mozahar also failed to repay the loan by October 31, 2013 as per the condition.