News Flash
DHAKA, Feb 1, 2026 (BSS) - In a case for embezzling about Taka 136.98 crore in the name of loans from Janata Bank, Salman F Rahman, vice chairman of the Beximco Group and former lawmaker, was taken to the Anti-Corruption Commission (ACC) today on a four-day remand for interrogation.
He was brought to the Commission around 4:00 pm by a prison van under heavy police escort. Earlier in the day, following an application by the ACC, the court granted his four-day remand in a case filed for the embezzlement of Export Development Fund (EDF) of Janata Bank PLC and money laundering.
The order was passed by Md. Sabbir Foyez, Judge of the Dhaka Metropolitan Senior Special Judge's Court, after hearing the remand petition filed by the ACC.
According to the ACC, the case was filed by its Dhaka-1 Integrated District Office under sections 409/420/467/468/471/477A/109 of the Penal Code, section 5(2) of the Prevention of Corruption Act, 1947 and sections 4(2) and 4(3) of the Money Laundering Prevention Act, 2012.
The ACC's Public Prosecutor told the court that by abusing power and acting in collusion, loan facilities including EDF funds were obtained from the Janata Bank in favor of a newly established company named Skynet Apparels Limited.
Subsequently, through back-to-back letters of credit(LC) among Beximco Group affiliated companies, fictitious import-export transactions were shown and accommodation bills were created, leading to the embezzlement of approximately 147 million US Dollars , equivalent to about Taka 136.98 crore (calculated at Bangladesh Taka 93 per US dollar based on the 2022 average exchange rate), as revealed in the preliminary investigation.
He further stated that the letters of credit opened against foreign sales contracts were issued by Global Trading FZE, a UAE-based company owned by Salman's son Ahmed Shayan Fazlur Rahman and nephew Ahmed Shahriar Rahman.
Citing the necessity of intensive interrogation for proper investigation, the ACC sought five days' remand. After the hearing, the court granted four days' remand and instructed the ACC to complete the remand proceedings in compliance with directives of the High Court and submit a report accordingly.
It may be noted that Salman F Rahman is currently in prison, having been arrested in a total of 18 cases filed at various police stations in Dhaka.
