7 ex-officers of Oriental Bank get life term for embezzlement

7 ex-officers of Oriental Bank get life term for embezzlement

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A Dhaka court on Tuesday sentenced seven former officials of Oriental Bank to life term imprisonment for embezzlement of Tk 1.7 crore in the name of disbursement.
Judge Dr Mohammad Akhtaruzzaman of Dhaka’s Special Judge Court-5 pronounced the verdict in absence of all accused. The court also fined the convicts Tk 1, 07, 95, 818. The punishment of the fugitives will be effective from the day of their arrests or surrender. The former bank has later been renamed as ICB, Islamic Bank Limited.On December 29, 2006 the then Bureau of Anti-Corruption filed the case with Motijheel Police Station in Dhaka. Later, the anti-corruption watchdog submitted the charge sheet of the case against the accused on December 31, 2011.
The convicted officials are: former Deputy General Manager Imamul Haque, former Senior Vice President Shah Mohammad Harun, Senior Assistant Vice President Abul Kashem Mahmudullah, Assistant Vice-President Fazlur Rahman, Executive Officer and Vice-President Toriqul Alam, Senior Executive Vice-President Mahmud Hossain and Executive Vice President Qamrul Islam.
The brief prosecution story says that one Qamrul Ahmed, introducing himself the owner of M/s Tanveer Agency, opened an account with the bank’s principal branch at the head office on July 27, 2005. On the same day, he applied for a loan of Tk one crore, and that was sanctioned  on the same day. He withdrew the amount from bank without any delay. – Special Correspondent

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