A loan of 250 crores taken on a trust basis (LTR) was embezzled from Janata Bank with the involvement of four bank officials. The Anti-Corruption Commission (ACC) filed a case in 2016 and approved the charge sheet in 2024. The investigation’s delay, during which the involved officials were promoted and retired, raised questions. The principal loan was not repaid by selling goods as per LTR and PAD terms. The loan was taken by the owner of Dhaka Trading House, and the money was embezzled with the help of Janata Bank officials. The accused officials are from Janata Bank and Dhaka Trading House. They are charged under the Prevention of Corruption Act, 1947, and the Penal Code. The investigation officer, Director Mohammad Ibrahim, will file the charge sheet in court. The ACC filed the case (No-22) in February 2016, alleging that loans were sanctioned against fake letters of credit worth 272 crores. The accused deposited 16 crores as margin and embezzled the rest. The owner of Dhaka Trading House was arrested in March 2016.
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