Staff Reporter :
A Dhaka court on Wednesday sentenced four people, including three former officials of AB Bank Limited, to different terms of imprisonment in absentia for misappropriating Tk 3.78 crore from the bank.
The court also fined them of different amounts, in default they will have to serve additional time in jail, said the court.
Judge of the Special Judge Court-4 of Dhaka,Shaikh Nazmul Alam, delivered the verdict after end of the trial.
The accused are- Abu Saleh Md Abdul Mazed, former Senior Vice-President and Branch Manager of AB Bank’s Motijheel Corporate Branch, ALM Bodiuzzaman, former Senior Assistant Vice-President and Manager of AB Bank’s Mohakhali Corporate Branch, Faruk Ahmed Bhuiyan, former Principal Officer of the same branch and Khondaker Mehmud Alam Nadim, Proprietor of M/S One Thread & Accessories Ltd.
The court handed down Eight years’ imprisonment to Mehmud Alam and fined Tk Two crore in default he will have to serve six months more in jail in one charge. In another charge, he was sentenced to Four years’ imprisonment and fined Tk 5 thousand, in default he will have to serve three more months in jail and in another charge he was sentenced for one year imprisonment and fined Tk Five thousand, in default he will have to serve three more months in jail.
Abdul Mazed got Seven years’ imprisonment and fined Tk One crore in default he will have to serve one more year in jail. Bodiuzzaman and Faruk got 5 years’ imprisonment and fined Tk 40 lakh eac, in default they will have to serve one more year in jail.
The court issued the sentence along with an arrest warrant as the accused are on run. The punishment of the fugitives will be effective from the day of their arrest or surrender, the court added.
According to the prosecution, it was alleged that Khondaker Mehmud Alam in January 2014 took Tk 3,78,88,000 as loan from AB Bank Ltd and later misappropriated the money in collusion with the bank officials.
Following the incident, the Anti-Corruption Commission (ACC) filed the case against them with Motijheel Police Station on February 9 of 2015.
After an investigation, ACC Deputy Assistant Director Md Zainul Abedin pressed charges against the four on January 21, 2016. The court framed charges against them on February 24, 2019.
