Embezzling TK 918cr: ACC sues S Alam’s son, 51 others

The Anti-Corruption Commission has filed a case against 52 people, including Ahsanul Alam, former Islami Bank chairman and son of S Alam, for embezzling Tk 918 crore through abuse of power, fraud, and forgery.

ACC Director General (prevention) Md Akhtar Hossain yesterday said the defendants are accused of embezzling Tk 827.42 crore, which amounts to Tk 918.57 crore with interest from Islami Bank's Khatunganj Corporate Branch. They are also charged with concealing the source of funds and laundering money, according to the case statement.

The accused include Ahsanul Alam, former chairman and director of Islami Bank Bangladesh PLC; Md Ariful Islam Chowdhury, managing director of Century Food Product Limited; Mohammad Hasanuzzaman, a member of the company; Mohammad Selim Uddin, former director and chairman of Islami Bank's Executive Committee; Syed Abu Asad, former nominee director; Dr Tanvir Ahmad, former member of the Executive Committee and vice chairman; Md Manzur Hasan, assistant vice president and branch manager of Islami Bank; Muhammad Sirajul Kabir, senior vice president and former branch manager, among others.

The ACC had previously filed two cases against Ahsanul for embezzlement from the same bank.

On December 19, the ACC filed a case accusing Ahsanul Alam of embezzling thousands of crores of taka from Islami Bank, and 56 others.

On January 9, the ACC filed another case involving the embezzlement of approximately Tk 994 crore from Islami Bank. Ahsanul Alam, along with 54 others, was accused in the case.