Anti-Corruption Commission (ACC) asked Special Branch (SB) of police to take steps to prevent former chairman and two former directors of now liquidated People’s Leasing and Financial Services (PLFS) to leave the country.
The ACC directives came as PLFS former chief Capt M Moazzam Hossain allegedly misappropriated money from the non-bank financial institution and two ex-directors -- Bishwajit Kumar Roy and Khobir Uddin – were made accused in two separate cases filed over misappropriation of money from the institution.
Three separate letters signed by ACC’s Assistant Director Mohammad Sirajul Haque were sent to Special Superintendent of Police (Immigration) of SB in this regard today.
One letter reads that ACC has been carrying out enquiry against the three Moazzam and others for misappropriating money from the non-bank financial institution through irregularities and corruption.
“It is learnt that the alleged person (Moazzem) along with his family is attempting to leave the country. For the sake of proper enquiry, the person should be barred from leaving the country,” it said.
In the other two letters, Bishwajit and Khobir are shown accused in two separate cases filed in 2019 and 2016 for misappropriation of money from the PLFS.
Recently, the government directed Bangladesh Bank to liquidate PLFS due to deterioration of its financial health in the last several years.
Liquidation of PLFS means closing its operations permanently and the government will take action to settle liabilities by selling off its assets. But the central bank as the regulator has to take approval from the High Court before liquidation.
The issue came to the surface in 2013-14, when some of PLFS directors made off with more than Tk 1,000 crore by way of submitting fake documents, according to Bangladesh Bank’s inspection report.
In 2015, the central bank had removed five directors for their involvement in the financial scandal.