B Mirror Report: The Anti-Corruption Commission has launched an investigation into allegations of corruption, fraud, and abuse of power involving the purchase of shares worth Tk 102 crore from Islami Bank Bangladesh Limited.

The investigation has been initiated against JMC Builders Limited and related individuals following complaints of financial irregularities and forgery.

According to ACC sources, the commission decided to open the inquiry after receiving allegations against the company. An investigation officer has been appointed from the ACC’s Dhaka office, and letters have already been sent to relevant authorities requesting necessary documents.

The allegations state that JMC Builders Limited Chairman Jamal Mostafa Chowdhury, along with others, allegedly colluded to commit fraud and used their influence to acquire Islami Bank shares worth Tk 102 crore through irregular means.

Earlier, in August 2024, the Bangladesh Securities and Exchange Commission imposed an indefinite ban on share trading, transfer, and transactions involving 25 individuals and 56 entities to restore transparency in the capital market. JMC Builders Limited and its chairman were included in that list.

The ACC is currently examining the extent of the alleged financial irregularities as part of its ongoing investigation.