Bank official sentenced to 10 years in prison for embezzlement

Bank official sentenced to 10 years in prison for embezzlement

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Dhaka, Oct 01 – The Special Judge-7 of Dhaka on Mon day sentenced Jakia SSultana, an official of the Principal Office of Social Islami Bank Limited to 10 years’ imprisonment on the charge misappropriation of money. Judge Md Shahidul Islam of the court pronounced the verdict in absence of the convict.
The convict has been dismissed. She was sentenced to five years’ rigorous imprisonment under section No. 409 of the Penal Code. She was also fined Tk 5,000 in default she will have to suffer more three months in the prison.
Besides, she was sentenced to another five years’ imprisonment under section 5(2) of the Anti-Corruption Act 1947. She was also directed to deposit the Bank’s misappropriated amount of Tk 2,33,856 cash, which forfeited to the national exchequer.
However, her both punishment would continue concurrently. Therefore, she would have to suffer a total of five years’ imprisonment.
As the convict is on the run, the court issued a warrant of arrest against her.
While she was a senior officer of the bank from June 23, 2010, to September 15 she transferred some account holders money amounting to Tk 1,78,421 to her joint account with her husband and her brother’s account. Later, she misappropriated the amount. – Special Correspondent

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