The Anti- Corruption Commission (ACC) on Thursday decided to investigate Chairman of South Bengal Agriculture and Commerce Bank Ltd SM Amjad Hassan for allegedly embezzling money from the bank.
Deputy Director (Public Relations) of ACC Muhammad Arif Sadeq
told UNB that the Commission has decided to investigate allegation of corruption and irregularities in sanctioning the loan to unverified organisations.
According to ACC, the chairman of the bank embezzled huge amount of money of the depositors by opening various companies at home and abroad using the Khulna and Katakhali branches of the bank under the guise of import-export and loan.
The ACC has decided to investigate allegations of committing offenses under Section 2 (s) of the Prevention of Money Laundering Act, 2012, including embezzling large sums of money from depositors.
Source: United News of Bangladesh