Chairman of South Bangla Agriculture and Commerce (SBAC) Bank Amzad Hossain, took out Tk 40 crore as a loan from the private commercial bank. He abused his powers to get the loan, and the Bangladesh Financial Intelligence Unit (BFIU) was in the process of investigating the scam.
Of the amount, the bank gave a loan of Tk 20 crore to one Khulna Builders.
Other eight officials are also alleged for the scam, they are: SBAC’s Management Trainee Officer Topu Kumar Saha, Senior Officer Biddut Kumar Mandal, Operations Manager Manjurul Alam, Vice President SM Iqbal Mehedi, Senior Executive Officer Khaled Mosharraf, First Vice President Ziaul Latif, Senior Executive Vice President Mamunur Rashid Molla and Deputy Managing Director Shawkat Ali.
The ACC has already collected necessary documents and intelligence reports on the alleged scam. On August 22, an application was submitted to the governor of Bangladesh Bank detailing alleged loan forgeries by Amzad.
Source: The Daily Star