The Anti-Corruption Commission (ACC) has filed a case against 67 individuals, including former and current officials of Islami Bank, over allegations of a massive loan fraud and embezzlement totaling approximately Tk 10,500 crore.

The decision to file the case was made on Sunday (November 9) during a meeting at the ACC headquarters in Segunbagicha, Dhaka, confirmed Md. Tanzir Ahmed, Assistant Director (Public Relations) of the commission.

According to ACC sources, the accused allegedly approved large amounts of loans without proper collateral, using illegal influence and insider connections, and subsequently misappropriated the funds. This fraudulent activity has reportedly caused substantial financial damage to Islami Bank.

Experts describe the case as one of the largest loan scams in Bangladesh’s banking history. Investigators are also looking into possible links to money laundering, creation of fake institutions, and overseas fund transfers.

The ACC has stated that the investigation will aim to uncover the full extent of the corruption and identify those responsible for orchestrating and benefiting from the scheme.