A Chittagong court today placed Shahjalal Islami Bank director Mohammad Solaiman on a seven-day remand in a case filed against him on charge of misappropriating Tk 140 crore.
Chittagong Metropolitan Magistrate Musiur Rahman Chowdhury passed the order when Solaiman was produced before the court.
The Anti-Corruption Commission arrested the director in the capital on the charge of the embezzlement on June 25.
The arrest was made in connection with a case the bank filed with Chittagong Kotwali Police Station against Solaiman and three others on April 13.
The case was later transferred to the ACC for investigation.
Farman R Chowdhury, managing director of the bank, said Solaiman embezzled the money in collusion with his nephew ANM Jahangir, the then manager of the bank's Jubilee Road branch in Chittagong. Jahangir is one of the four accused.
Farman alleged Solaiman had influenced the bank to lend Tk 140 crore to SK Steel in Chittagong in 2011.
The other two accused are Enamul Haque, chairman of Paradise Corporation and Aminul Haque, a director of Paradise Corporation.
The loan recovery time expired in November 2013, according to the case statement.