DHAKA, June 23, 2025 (BSS)- A court here today sent the former Managing 
Director (MD) of the Islami Bank Limited Mohammad Monirul Mawla to jail for 
misappropriation of money and concealing the source of it.

Dhaka Metropolitan Sessions Judge Md Zakir Hossain Galib passed the order as 
police produced Monirul Mawla, who was also the former chief executive 
officer (CEO) of the bank, before the court.

Deputy Director (DD) of the ACC and Investigation Officer of the case Md 
Yasir Arafat pleaded to keep him behind bars till the end of the probe.

After hearing on the plea, the Judge ordered to send Monirul to jail.

Earlier on June 22, the Detective Branch (DB) of Police arrested Monirul 
Mawla from his residence at Bashundhara Residential area in the capital.

The ACC on December 19 last year, filed a case against 58 people including 
Ahsanul Alam, son of S Alam, and Monirul Mawla for their alleged involvement 
in embezzling Taka 1092,46,00,000 from the Islami Bank through fraudulent 
acts.

The DD of the ACC's Chattogram Integrated District Office-1 Md Yasir Arafat 
filed the case after its primary inquiry.

The arrested accused Monirul Mawla also laundered the money by handing over, 
Transfer and conversion for hiding the source and nature of the money, the 
ACC alleged.