The High Court has ordered a probe into the allegation of embezzlement and laundering of around Tk 15 billion against FMC Dockyard Limited Chairman Mohammad Yasin Chowdhury.
The Anti-Corruption Commission (ACC), the Bangladesh Financial Intelligent Unit (BFIU) and the Criminal Investigation Department (CID) of Police were asked to conduct a probe into the allegations.
The High Court bench of Justice Md Nazrul Islam Talukder and Justice Khizir Hayar passed the order on a Suo Muto (voluntary) move considering a published report regarding the allegation in the Bangla daily Kalbela.
It also issued a rule upon the concerned bodies of the government to explain as to why their inaction and failure in probing the allegation of embezzlement and laundering money by Mohammad Yasin Chowdhury should not be declared illegal.
The court set March 9 in 2023 for further hearings on the issue.
Khurshid Alam Khan, a counsel for the Anti-Corruption Commission (ACC), placed the news report before the HC bench for necessary order. Deputy Attorney General AKM Amin Uddin Manik represented the state during the court proceedings.
According to the report, “Yasin Chowdhury, the managing director of FMC Dockyard Limited, fled abroad after embezzling about Tk 15 billion from banks and different individuals.
There are several cases filed against him in Chattogram for cheating the customers and not repayment of loans from financial institutions. Despite the court's arrest warrant, he is living a luxurious life in Dubai.”
“Only one bank owes Tk 12.43 billion from Yasin Chowdhury according to received information. Of this amount, funded or cash loans are Tk 9.18 billion and non-funded (LC and bank guarantee) loans are Tk 3.25 billion,” also read the report.
