The Anti-Corruption Commission (ACC) on Sunday filed a case against senior assistant vice-president of Standard Bank, Rafiq Mahmood on the allegation of misappropriating TK 311.8 million, reports UNB.
The case was filed with the Coordinated Office, ACC-1 after the primary investigation.
Deputy director of ACC public relation office Muhammad Arif Sadeq told the news agency that deputy director G M Ahsanul Kabir filed the case against the former manager of the Shyampur branch of the bank.
According to the statement, the bank spotted that the former branch manager Rafiq opened fixed deposits worth Tk three million without following proper guidelines of the bank and transferred almost Tk 1.8 million to his account.
He used his relatives' documents to open those fixed deposits to embezzle the money, the statement added.
The present manager of the same branch of the bank, Jasim Bhuiyan filed a complaint with the Shyampur police station.