DHAKA, Feb 18, 2026 (BSS) - The ACC today filed a case against 26 people, including Bashundhara Group’s Chairman, top officials, over allegations of loan fraud, embezzlement and money laundering involving worth about Taka 13.25 billion.

The information was disclosed to the journalists by Director General of the Anti Corruption Commission (ACC) Md. Akhtar Hossain during a regular media briefing at the commission headquarters here.

The prominent accused of the case are Bashundhara Group Chairman Ahmed Akbar Sobhan; Managing Director of Bashundhara Multi Food Products Limited Safiat Sobhan, Director Moinul Hossain Chowdhury, former managing director of the National Bank Chowdhury Mostaq Ahmed, its Directors Monowara Shikdar, Parveen Haque Shikdar, Moazzem Hossain, Rick Haque Shikdar, Ron Haque Shikdar, Md. Anwar Hossain and former deputy minister of ousted Sheikh Hasina’s government AKM Enamul Haque Shamim.

According to the case, the accused, in connivance with each other, violating the bank’s existing rules and the “Policy and Procedural Guidelines on Credit Risk Management” approved and disbursed loans totaling Taka 13.25 billion in the name of Bashundhara Multi Food Products Limited. 

The allegations stated that the loans were approved without adequate and effective collateral, fortnightly stock reports and verifying the borrower’s repayment capacity by accepting blank and undated charge documents, without checking liabilities with other banks and without factory inspections or stock verification.

According to the ACC, Taka 5.75 billion was disbursed as funded loans and Taka 5.03125 billion was transferred to accounts of various entities of the Bashundhara Group without full repayment. The funds were allegedly used through online clearing, bill adjustments, settlement of CC (Hypothecation) and OD loans, cash withdrawals and payment of salaries and allowances for June 2018 to the employees of the East West Property Development (Pvt.) Limited.

The ACC said the transactions were conducted with the intent to conceal or disguise the illicit source, nature and ownership of the embezzled funds. 
The case has been filed under sections 420/409/109 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 plaintiff in the case is ACC Assistant Director Md. Mahmudul Hasan Bhuiyan. The joint inquiry and investigation team formed in this regard is being led by ACC Deputy Director Md. Jahangir Alam and including the officials from the ACC, CID, Customs, VAT and the National Board of Revenue (NBR).