ACC arrests Citycell CEO over bank loan embezzlement

ACC arrests Citycell CEO over bank loan embezzlement

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Dhaka, July 1 – A team of the Anti Corruption Commission (ACC) on Saturday arrested Mehboob Chowdhury,the chief executive officer (CEO) of mobile phone operator Citycell, from Shahjalal International Airport in a case filed for embezzlement of bank loan.The case was filed on Wednesday against 16 people, including Mehboob, for embezzling Tk 383 cr of AB Bank, said ACC public relations officer Pranab Kumar Bhattacharya.
Former Jatiya Party MP from Natore-1 constituency M Abu Talha, former commissioner of Mongla Customs House Md Nurul Islam, and AB Bank’s Managing Director Moshiur Rahman Chowdhury are among the accused, he said.
The other accused are present and former officials of the bank and Pacific Bangladesh Telecom Limited. Citycell is the brand name of the company.
During its investigation, the ACC found that the bank officials had given an unconditional bank guarantee to PBTL (Citycell) following their application, violating the bank rules.
Using the bank guarantee, PBTL took the huge amount of loan from eight different banks. – UNB

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