Court issues travel ban on ex-chairman of NRB Commercial Bank

A Dhaka court today issued a travel ban on Mohammad Adnan Imam, former chairman of NRB Commercial Bank, for his alleged involvement in share market manipulation and money laundering.

Judge Md Zakir Hossain of Dhaka Metropolitan Senior Special Judge's Court passed the order after ACC Deputy Director Md Mostafizur Rahman, who is leading the inquiry team, submitted an application in this regard.

ACC Public Prosecutor Ruhul Islam Khan moved the application on behalf of the anti-graft body.

In the application, the ACC official said Adnan Imam, being a chairman of the bank's executive committee, in collusion with others, amassed wealth illegally through stock market manipulation and other unlawful means and laundered the money abroad.

"The ACC official came to know from a credible source that Adnan was trying to flee the country. If he flees, the inquiry into the allegations brought against him might be hampered. So, an order is needed to prevent him from going abroad," said the ACC official in his application.

The judge also ordered the ACC to send an order sheet to the special superintendent of police (immigration) of the Special Branch for the next course of action.