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Home International Customs

Bangladesh’s ACC arrests 4 City Bank officials in Tk 18.16 crore loan scam

byCustoms Today Report
11/04/2015
in International Customs
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DHAKA: Bangladesh Anti- Corruption Commission (ACC) has arrested four officials of the City Bank Limited in Tk 18.16 crore loan scam.
An ACC team, led by deputy director and inquiry officer Zulfikar Ali, started questioning the bank official at 11 am and continued it till 2 pm at the ACC head office in the capital, said ACC public relations officer Pranab Kumar Bhattacharya.
The City Bank officials, grilled today, were former head of SME (head office) Badrudoza Chowdhury, former head of marketing Sadat Hossain Khan, business development manger Nurul Azam Majumder and relationship manger SM Ashique Al Mehdi.
Earlier, on February 17-18 last, the ACC also questioned 10 City Bank officials in connection with the loan scam.
According to ACC sources, Wahidur Rahman, said to be a businessman, earlier took loans totaling about Tk 1,000 crore from five commercial banks, including Tk 18.16 crore from City Bank, showing fake documents. Later, he in collusion with the bank officials embezzled the money.
The ACC launched a probe into the loan scam on September 24, 2014.

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