Former Samabaya Bank chairman Mohiuddin Ahmed is implicated in the disappearance of over 13,000 bhori of gold that borrowers deposited as collateral with the state-run bank. A case filed by the Anti-Corruption Commission (ACC) indicates that 5,803 bhori were deposited by Narayanganj Cooperative Credit Limited and 7,398 bhori by 2,316 individual borrowers. Reports suggest that Mohiuddin, who also serves as a joint general secretary of the Dhaka City South Awami League, colluded with bank officials to withdraw the gold illegally between March and December 2020.
While serving as chairman, Mohiuddin allegedly enabled the withdrawal of gold by settling loans for fake customers who presented counterfeit national ID cards. Although the ACC filed a case in 2021 naming Mohiuddin as the prime accused, he managed to have his name removed from the charge sheet and reportedly used his political influence to stall the investigation. The ACC’s findings revealed significant discrepancies in loan repayment applications, indicating that impostors had fraudulently claimed the gold, leaving the actual borrowers at a loss.
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