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BFIU orders to freeze accounts of Union Bank MD, Mokammel
Bank clients waiting for transactions
Dhaka, Oct 9 --Bangladesh Financial Intelligence Unit (BFIU) has ordered the freezing of all bank accounts held by Union Bank Managing Director ABM Mokammel Haque Chowdhury and his wife, Nazneen Akhtar.
The directive was issued to all banks and financial institutions on Wednesday, following allegations of financial misconduct involving illegal loans.
Mokammel is accused of granting unauthorized loan facilities to the S Alam Group, benefiting from these illegal transactions.
BFIU has requested all related account information, including Know Your Customer (KYC) details, account opening forms, and updated statements for all accounts held by Mokammel and associated individuals or entities. The BFIU has also asked for transaction vouchers for any amounts exceeding Tk 5 lakh to be submitted within two working days.
Further allegations have surfaced that Mokammel withdrew his full salary at various times, despite Union Bank customers being unable to access their own funds due to the bank's financial restrictions. - UNB