ACC sues five for embezzling nearly Tk 200m from bank

The Anti-Corruption Commission (ACC) on Tuesday filed a lawsuit against five people for embezzling around Tk 200 million from Khatumganj branch of AB Bank Ltd. in Chattogram.

Deputy Director of ACC head office Shihab Slama filed the suit with Chattogram Coordinated District Office-1, ACC spokesman Pranab Kumar Bhattacharya told UNB.

The accused are managing directors of Mohammad Elias Brothers Shamsul Alam, Nahar Trading Corporation Mohammad Shaiyab, Marrin Vegetables Oils Limited Johri Ahmad and its chairman Tipu Sultan and former official of Khatumgang branch of AB Bank Ashraful Aziz.

They misappropriated Tk 197,962,000 from 7 August 2010 to 29 October 2010 submitting false papers, said the case documents.