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SBAC bank chairman under ACC scanner

UNB
19 Aug 2021 22:12:36 | Update: 19 Aug 2021 22:12:36
SBAC bank chairman under ACC scanner

The Anti-Corruption Commission on Thursday decided to launch an inquiry against South Bangla Agriculture and Commerce Bank Limited Chairman SM Amzad Hassan for allegedly embezzling money from the bank.

ACC Deputy Director (Public Relations) Muhammad Arif Sadeq told UNB that the commission has decided to investigate allegation of corruption and irregularities in sanctioning the loan to unverified organisations.

According to the anti-graft watchdog, the chairman of the bank embezzled huge amount of money of the depositors by opening various companies at home and abroad using the Khulna and Katakhali branches of the bank under the guise of import-export and loan.

The ACC has decided to investigate allegations of committing offences under Section 2 (s) of the Prevention of Money Laundering Act, 2012, including embezzling large sums of money from depositors.

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