DHAKA, Mar 4, 2026 (BSS) – The Anti-Corruption Commission (ACC) has filed case against six persons, including former chairman and Managing Director (MD) of Fareast Islami Life Insurance Company Limited for embezzling over Taka 13.71 crore through making fake work order and bill-voucher on civil and electro-mechanical work of the Fareast Tower-2.

In the case, the ACC has brought allegation against them under 406/409/420/467/468/471/109 section of Bangladesh Penal Code, section 5(2) of the Prevention of Corruption Act, of 1947 and section 4(2) and 4(3) of the Money Laundering Prevention Act, 2012.

The accused in the case are former chairman of Fareast Islami Life Insurance Company Limited M Nazrul Islam, former Managing Director (MD) and Chief Executive Officer (CEO) M Hemayet Ullah, former deputy managing director (DMD) and company secretary Syed Abdul Aziz, former chief engineer and investment and Real Estate Development Committee chairman Amir Mohammad Ibrahim, former senior executive vice president and Banking section head Sheikh Abdur Razzaque and former head of internal audit and compliance M Kamal Hossain Hawlader. 

According to the FIR of the case that fake work order has been issued for paying money in advance to the National Development Engineers Limited (NDE) for the supply and construction related civil and electro-mechanical retrofitting works of Fareast tower-2 located at 36 Topkhana road in the city in 2016.

Later, a total of 16 cheques for Taka 13 crore 71 lakh 51 thousand were issued after making fake application and bill-voucher, said the ACC, adding that the accused were coordinated their previous loan amount with a part of the money which was withdrawn from different bank account through those cheques and embezzled the rest of the amount.

According to the case documents found that there was no approval authority or audit related signature on the voucher and even not any legal supporting document in favour of expenditure.

The concerned persons by mutual collusion have violated the state law through abuse of power, committing forgery and financial embezzlement during the irregular activities held between 1st January and December 31 in 201, said the ACC.

The legal action will be taken against other persons if any involvement found during the probe.