The Anti-Corruption Commission has started a case against 12 people, including ex-BIFC chairmen Maj (retd) Abdul Mannan, for their alleged involvement in bank loan scams and embezzlement of over Tk 80 million.
The ex-BIFC chairman, directors and officials in collusion with each other fraudulently embezzled a total of Tk 83.88 million (including the interest rate) without a security deposit and mortgage in the name of Aminur Rahman, the owner of M/s Telecom Services Limited.
Aminur Rahman, the owner of M/s Telecom Services Limited, has also been named as an accused in the case.
The national anti-graft agency's Deputy Director (Money Laundering) Md Abdul Mazed lodged the case on Sunday.
Earlier on Thursday, the case has been approved by the ACC.
On December 8, 2011, Md. Aminur Rahman, owner of M/s Telecom Service Limited, under his signature, applied for Tk 80 million as a loan to the BIFC Managing Director to meet up his business needs for a term of 60 days.
In view of the application, the management committee proposed the loan to the board for 60 months at 15 per cent interest.
60 postdated and one undated signed bank cheque was supposed to be deposited against each loan as security, but no cheque or any other assets were mortgaged as security.
Even the CIB (Credit Information Bureau) report of their application was not collected from Bangladesh Bank.
The issue of approval of this loan was discussed in the meeting of the board of directors and the total loan of Tk 80 million (8 crore) for a period of 60 months was approved.
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