Home ›› 09 Apr 2023 ›› Front
The High Court (HC) has directed the Anti-Corruption Commission (ACC) and the Insurance Regulatory and Development Authority (IRDA) to investigate the allegation of embezzlement of Tk 104.7 crore against Homeland Life Insurance Company, and submit a report in the form of an affidavit within 60 days.
The court also issued a rule asking the authorities concerned to show reasons within two weeks as to why an inquiry should not be ordered into the graft which was presented in the 131st board meeting of the company.
The court further directed the ACC lawyer to file an ‘Affidavit in opposition’, during the next hearing of this rule on June 4.
A High Court Division Bench comprising Justice Mohammad Nazrul Islam Talukder and Justice Khizir Hayat passed the order.
On March 29, the High Court passed an order after holding a hearing on the writ filed by Rahima Akhtar, on behalf of 14 customers of the company.
As reports were published in various media about the embezzlement of the company’s money, the writ was filed in the High Court by attaching those reports.
In the writ, 14 directors of the company including Finance Secretary, Chairmen of the IDRA and ACC, Chairman and Vice Chairman of Homeland Insurance were made respondents.
According to media reports, evidence has been found that Homeland Life Insurance group fraudulently embezzled Taka 104 crore from the company’s funds.
These funds were embezzled by forging board meeting documents, documents for land purchase, vouchers for expenses in commissions and other sectors.
Documents show that non-existent land was purchased in the name of this institution, said the case documents.
