Bank loan

AB Bank loan scam: HC blasts ACC and cops for failing to make arrests

The High Court yesterday blasted the Anti-Corruption Commission and the police for their failure to arrest all 15 defendants in a case filed for the embezzlement of Tk 176 crore from AB Bank.

“We ordered more than six months ago to arrest all the defendants in the case of embezzlement of Tk 176 crore. But why they were not arrested? We want to know the reasons,” said the HC bench of Judge Md Nazrul Islam Talukder and Judge Kazi Md. Ejarul Haque Akondo said during the hearing of a bail motion filed by defendants Md Shahidul Islam and Abdur Rahim.

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The bench ordered the ACC, Inspector General of Police (IGP), Supplementary IGP of Immigration to submit reports on the steps they took to apprehend the accused.

The court also set a new hearing on Shahidul and Rahim’s bail request for June 26.

Earlier today, ACC lawyer Khurshid Alam Khan told the court that Ershad Ali, a defendant, was handed over to police when he came to HC to get bail in the case.

AKM Deputy Attorney General Amin Uddin Manik informed the HC bench that four defendants in the case, including Ershad, are in custody.

Lawyer Touhidul Islam appeared for Shahidul and Rahim.

On December 7 last year, the HC ordered the ACC and police to arrest 14 former AB Bank Ltd officials and a businessman in seven days in connection with the hijacking case of Tk 176 crore and also requested the concerned government authorities to impose a travel ban from 15.

The ACC lodged a complaint with its integrated office in Dhaka on June 9 against 17 people, including 16 former officials of AB Bank.

According to the charge sheet, the accused former bank officials forged signatures, abused their power by giving six false work orders and seven illegal bank guarantees without approval, and took out loans worth $176.18. crore Tk.

Then they transferred the money to their personal accounts.

The accused are: Owner of Ershad Brothers Corporation Ershad Ali; former Executive Vice President (EVP) and Branch Manager (now retired) of AB Bank ABM Abdus Sattar; former AVP and Relationship Manager Abdur Rahim; SVP and former Relationship Manager Anisur Rahman; AVP Ruhul Amin and Shahidul Islam; Executive Vice President and Head of CRM at Wasika Afrazi Headquarters; former vice president mufti Mustafizur Rahman; Salma Akhter, former SE VP and CRM Manager (now retired); AVP OCRM Head Office Member Mohammad Emarat Hassan Fakir; former Principal Director of AB Bank (currently Principal Director of Mutual Trust Bank) Touhidul Islam; member of the SVP and CRM of AB Bank Shamim-e-Mershed; member of the VP and CRM of the same bank at the head office Khandaker Rashed Anowar; AVP and CRM member Sirajul Islam; VP and member of the credit committee of AB Bank Mohammad Mahfuz-ul-Islam; former DMD and MD (now retired) and head of credit committee of AB Bank Ltd (head office) Moshiur Rahman Chowdhury; former MD (now retired) AB Bank Shamim Ahmed Chowdhury.