Government Policy

Businessman held over misappropriation of Tk 206 crore of Exim Bank

DHAKA-The Anti-Corruption Commission (ACC) arrested a businessman on charges of embezzling Taka 206 of Export Import Bank of Bangladesh (EXIM) Limited from the city's Segunbagicha area this afternoon.

ACC personnel arrested Hazi Islam Uddin, owner of Hazi Islam Spinning Mill from in front of Segun Hotel around 2pm, said an ACC official.

He was arrested in connection with a graft case filed against him and four others with Motijheel police station on charges of misappropriating Taka 206 crore, the ACC official also said.

The other accused in the case are: directors of the mill, Taslima Islam, Rezoanul Islam, Aiaz Ibne Islam and senior vice president and branch manager of Exim Bank Md Shahjahan.

They in connivance with each other withdrew Taka 100 crore from RAJUK branch of Exim Bank after mortgaging a already closed mill and did not pay the credit which now stands at Taka 206 crore.

Source: Bangladesh Sangbad Sangstha (BSS)