News Flash
DHAKA, Mar 20, 2025 (BSS) - The Anti-Corruption Commission (ACC) has filed a case against 11 people, including owner of Saad-Musa Group and former director of South Bangla Agriculture Commerce Bank (SBACB) Mohammad Mohsin, on charges of embezzling Taka 46.83 crore from Prime Bank's Jubilee Road branch in Chittagong.
ACC Director General (Prevention) Md Akhter Hossain told journalists at a briefing here today.
He said Prime Bank of Chittagong - through mutual collusion, assistance and breaching trust and misconduct -used its power to sanction loans worth Tk 100 crore without verifying the ability of the customers to repay the loans.
Out of this, a case has been filed for the crime of embezzling Tk 46.83 crore of the original Project Loan General while the current liability stands at Tk 87.39 crore, including the interest of Tk 40.56 crore.
Shamima Nargis Chowdhury, wife of Mohammad Mohsin and director of Meridian Finance Limited, is also among the accused in the case, the ACC officer said.
The other nine accused are Prime Bank's SVP and Branch Head SH Mokhter Ahmed, Managing Director Md Ehsan Khosru, Executive Officer (Credit-In-Charge) Marhuma Akhter, Executive Officer Safayet Ullah, Firoz Mahmud, AVP (Manager Operations) ATM Ahsan, DMD of the Corporate Banking Division (Export Finance Unit) Kanti Kumar Saha, SAVP of Corporate Banking Division (Export Finance Unit) SM Khorshed Alam and SAVP of Corporate Banking Division (Export Finance Unit) Kazi Mainul Haque.
