Probe Tk 104-cr embezzlement in Homeland Life Insurance: HC

The High Court (HC) today ordered the Anti-Corruption Commission (ACC) and Insurance Development and Regulatory Authority (IDRA) to investigate the alleged embezzlement of Taka 104 crore of the clients of Homeland Life Insurance.

A High Court division bench of Justice Md Nazrul Islam Talukder and Justice Khizir Hayat passed the order after holding hearing on a writ filed by one Rahima Akter on behalf of 14 clients.

Finance secretary, chairman of IDRA, ACC chairman and 14 directors including the chairman and vice-chairman of Homeland Life Insurance were made respondents in the writ.

"The court asked the authorities concerned to probe the matter and submit a report within two months. It also asked the ACC to dispose of 'positively' an application filed by the victims, within two months. The court also issued a rule in this regard," Barrister Ruhul Quddus Kazal, who moved the plea before the court, told newsmen.

A report of the alleged embezzlement was published in a national daily on February 27. Later many other news media carried on reports on the same subject. The writ petition was filed following the news reports.