The Anti-Corruption Commission (ACC) has filed a case against 29 individuals, including Mohammad Mohsin, the owner of Sad Musa Group and former director of South Bangla Agriculture and Commerce Bank Limited, for embezzling Tk 5000 crore through irregularities, corruption, and fraud.

ACC Director-General Mohammad Akhtar Hossain, on Sunday (Dec 29) confirming the matter said, the accused used various fake and real companies to misappropriate funds. 

They manipulated loan approvals, violated bank regulations, and misused funds for personal gains, said ACC official.

A total of Tk 459.5 crore embezzlement has been proven so far. The case includes charges under the Penal Code, the Prevention of Corruption Act, 1947, and the Money Laundering Prevention Act, 2012.

The accused individuals include senior bank officials and directors from National Bank, along with businessmen involved in the fraudulent activities.

BDST: 1951 HRS, DEC 28, 2024
MSK