Court convicts former VP of AB Bank & his wife life imprisonment

Court convicts former VP of AB Bank & his wife life imprisonment


Court Correspondent

A Dhaka court on Tuesday sentenced former Vice-president of AB Bank Shibli Sadek Chowdhury and his wife Kamrunnesa Chowdhury to life imprisonment in a case filed for embezzlement of Tk 6.74 crore.Judge of the Special Judge Court-10 of Dhaka Jalal Uddin Ahmed pronounced the order while Shibli Sadek was present in the courtroom. However, his wife has been on the run.
The court also ordered the couple to deposit Tk 67,493,297, misappropriated from 2008 to 2012, to the Pragati Sarani branch of the bank.

The court, however, acquitted Shibli’s brother-in-law (wife’s brother) Abdul Naser and his girlfriend Shahnaj Parveen as allegations brought against them could not be proved.

Shibli Sadek Chowdhury, also credit administration and monitoring department in-charge of AB Bank’s Pargati Sarani branch, embezzled the amount from December 28, 2008 to August 1, 2012 from the branch through loan sanction, money and cheque transfer against 17 clients, including his wife, brother-in-law and girlfriend.

On August 8, 2012, then senior assistant vice-president of the branch Sadiqur Rahman filed a case against Shibli and three others with Bhatara Police Station for embezzling the money.

Deputy director of the Anti Corruption Commission (ACC) Jahangir Alam, also the investigation officer of the case, submitted a charge sheet against the four accused before a court on July 31, 2013.


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