Published on 12:00 AM, August 06, 2014

SC asks Jamuna Bank dy chief to surrender

SC asks Jamuna Bank dy chief to surrender

The Supreme Court yesterday directed Jamuna Bank's Deputy Managing Director Mozammel Hossain to surrender before the lower court in connection with two money laundering cases.
Mozammel has been implicated in two cases out of total 12 filed against 53 top officials of five banks and controversial Bismillah Group in last November for misappropriation of Tk 1,174.46 crore.
Yesterday, Chamber judge of the Appellate Division also stayed the HC orders that granted bail to Mozammel in the cases on July 22. Justice Syed Mahbub Hossain, the chamber judge, gave the order after hearing two petitions filed by the Anti Corruption Commission.
ACC lawyer Khurshid Alam Khan told The Daily Star that Mozammel has been made accused in the cases filed for misappropriating Tk 265 crore in connivance with others while he was a high official of Prime Bank between 2009 and 2012.
Mozammel joined Jamuna Bank before he was arrested on January 21 this year.
Mozammel's lawyer SM Rezaul Karim said his client was not in the Prime Bank when misappropriation of money took place.