South-Bangla Bank chairman sued over embezzling Tk 20.60cr

The Anti-Corruption Commission (ACC) has filed a case against seven officials of South-Bangla Agriculture and Commerce Bank Limited including chairman SM Amzad Hossain over fraudulence.

According to the case statement, Amzad Hossain, in collusion with others, helped the owner of Khulna Builders Ltd to get Tk 20.60 crore in loan from South-Bangla Bank by submitting a fake inspection report and preparing a fake stock lot.
The beneficiaries of the loan embezzled the money by transferring the amount to various accounts belonging to various companies and individuals.

The six others accused are the bank's former MTO Topu Kumar Saha, Senior Officer Bidyut Kumar Mondol, Operation Manager Mohammad Manzurul Alam, Vice-President and former branch head SM Iqbal Mehedi, EO and Credit In-Charge Nazrul Islam and Senior Officer Maria Khatun.