Chittagong: The Anti-Corruption Commission (ACC) has filed a case against 11 individuals, including the owner of Saad-Musa Group and former director of South Bangla Agriculture Commerce Bank (SBACB), Mohammad Mohsin. They have been charged with embezzling Taka 46.83 crore from Prime Bank’s Jubilee Road branch in Chittagong. ACC Director General (Prevention) Md Akhter Hossain revealed this information at a press briefing.
According to Bangladesh Sangbad Sangstha, Prime Bank in Chittagong allegedly sanctioned loans worth Tk 100 crore through mutual collusion, assistance, and misconduct, without adequately verifying the customers’ ability to repay. The case specifically addresses the embezzlement of Tk 46.83 crore of the original Project Loan General. The current liability, including interest of Tk 40.56 crore, stands at Tk 87.39 crore.
Among the accused is Shamima Nargis Chowdhury, who is the wife of Mohammad Mohsin and a director of Meridian Finance Limited. The other accused include Prime Bank’s SVP and Bra
nch Head SH Mokhter Ahmed, Managing Director Md Ehsan Khosru, Executive Officer (Credit-In-Charge) Marhuma Akhter, Executive Officer Safayet Ullah, Firoz Mahmud, AVP (Manager Operations) ATM Ahsan, DMD of the Corporate Banking Division (Export Finance Unit) Kanti Kumar Saha, SAVP of Corporate Banking Division (Export Finance Unit) SM Khorshed Alam, and SAVP of Corporate Banking Division (Export Finance Unit) Kazi Mainul Haque.