The Anti-Corruption Commission (ACC) has initiated a case regarding allegations of embezzlement and money laundering involving approximately 858 crore (857 crore 93 lakh) taka through Exim Bank.
On Sunday (August 17), Shahjahan Miraj, the assistant director of the agency, lodged the case at the ACC’s integrated district office in Dhaka-1. This information was disclosed by ACC Director General Md. Akhter Hossain.
The case implicates former Exim Bank chairman Nazrul Islam Majumder and his spouse, former director Nasrin Islam.
According to the case statement, a loan was unlawfully sanctioned for an entity named Medina Dates and Nuts. Although the loan was approved without collateral for the purpose of importing goods from abroad, no goods were ever imported. The accused conspired together to embezzle the entire sum.
Additionally, the owner of the organization, Mozammel Hossain, along with relevant officials from Exim Bank, have also been named in the case. They face charges under Section 409 of the Penal Code, Section 5(2) of the Prevention of Corruption Act, 1947, and Sections 4(2) and 4(3) of the Prevention of Money Laundering Act, 2012.
 has initiated a case regarding allegations of embezzlement and money laundering involving approximately 858 crore (857 crore 93 lakh) taka through Exim Bank.){kind=link}