Embezzling Tk 1.61cr: 7 including ex-DMD of ICB Islamic Bank sentenced to 10 years Star Online Report Star Online Report
A Dhaka court today sentenced seven people, including a former deputy managing director (DMD), of then Oriental Bank (now named ICB Islamic Bank Ltd) to 10 years rigorous imprisonment each in a case filed over embezzling of Tk 1.61 crore.
The convicted officials are: former DMD Imam Ul Haque, former Senior Vice-president (VP) Shah Mohammad Harun, former Senior AVP Abul Kashem Mahmudullah, former AVP Fazlur Rahman, former Executive Officer Torikul Alam, former Senior Executive VP Mahmud Hossain and former Executive VP Quamrul Islam.
Of them, Imam Ul Haque is now in jail while the rest are on the run.
Ill-Gotten Wealth: Freeze 613 bank accounts of MP Papul, his family
ACC asks central bank, moves to confiscate their 30.27 acres of land, flats
Staff Correspondent
Staff Correspondent
The Anti-Corruption Commission yesterday requested the Bangladesh Bank to instruct eight commercial banks to freeze 613 bank accounts of independent lawmaker Mohammad Shahid Islam Papul, his wife, daughter, and sister-in-law.
The graft watchdog has also decided to seize 30.27 acres of land in different parts of the country and flats in the capital s Gulshan owned by them, sources said.
Papul, now behind bars in Kuwait, was arrested in the Gulf country in early June. He faces trial on charges of human trafficking and money laundering.
Human Trafficking Proceeds: Papul, family made over Tk 355cr
Finds a CID probe into money-laundering allegations against the independent lawmaker Staff Correspondent Staff Correspondent
Independent lawmaker Mohammad Shahid Islam Papul and his family members amassed more than Tk 355 crore mainly through human trafficking over the last several years.
The money was transacted through more than 500 bank accounts and Fixed Deposit Receipts (FDRs). Over Tk 130 crore is now available in these accounts.
The Criminal Investigation Department of Police has come up with the findings after a probe into the allegations of money laundering against the MP from Laxmipur-2 and his family members.