Travel embargo imposed on 4 bank officials in graft case

A court here today imposed travel embargo against four officials of Premier Bank Limited in a case lodged for embezzling around Taka 3,000 crore after granting the money as loan against the names of non-existent companies. The four accused are-- Md Shahid Hasan Mallik, Mushfikul Alam, Dipak Kumar Debnath and Mohammad Mehedi Hasan Sarkar. The court of Senior Special Judge Mohammad Ash Shams Zaglul Hossain passed the order, allowing a plea of Anti-Corruption Commission (ACC). According to the case documents, the accused allegedly embezzled and laundered the money after approving those as loan against 43 non-existent garment factories. The ACC in their plea today said they are investigating the allegations and learned the accused are planning to flee abroad to evade justice. Source: Bangladesh Sangbad Sangstha