Six former officials of now defunct Oriental Bank Ltd were sentenced to seven years’ rigorous imprisonment in their absentia for embezzling Tk one crore in the name of loan disbursement.
Bakar Hossain, a loan defaulter who received the credit in connivance with the six former bank officials, was also jailed for 10 years in the case.
Judge Aminul Islam of Special Judge Court-4 in Dhaka fined the seven convicts Tk one crore each while pronouncing the verdict.
The punishment of the fugitives will be effective from the day of their arrest or surrender, the judge said while pronouncing the verdict.
The six former officials are: Shah Mohammad Harun, senior vice president; Abul Kashem Mohammad Ullah, senior assistant vice president; Fazlur Rahman, assistant vice president; Mahmud Hossain, senior assistant vice president; Kamrul Hossain, executive vice president; and Imamul Huq, deputy managing director of the bank's principal office in the capital.
The Anti-Corruption Commission (ACC) on January 8, 2013 pressed charges against seven former officials of the bank, presently known as ICB Islamic Bank Limited, in the case along with seven others.
The ACC filed charged the seven former officials for embezzling total Tk 7.80 crore of depositors' money.