Four sentenced to imprisonment for embezzling Tk 3.78cr
Published: 08:32 PM, 28 October 2020
A court has sentenced four people, including three AB Bank officials, to different terms for embezzling Tk 3.78 crore. Judge Sheikh Nazmul Alam of Dhaka Special Judge's Court-4 pronounced the verdict on Wednesday.
ACC director Mir Mohammad Zainul Abedin Shibli filed the case with the Motijheel police station on February 9, 2015 on charges of embezzling Tk 3 crore 78 lakh 88 thousand. The same person investigated the case and filed a chargesheet in the court on January 21, 2016.
Subsequently, on February 24, 2019, the court framed the charge of the case and ordered to start the trial. During the trial, the court heard the testimony of 11 of the 13 witnesses in the chargesheet.
The convicts are: Khandaker Mehmood Alam (Nadeem), owner of Messrs. One Thread and Accessories and Bushra Associates, Abu Saleh Mohammad Abdul Majed, former senior vice president and branch manager, Motijheel corporate branch of AB Bank, ALM Badiuzzaman, Senior Former Senior Assistant Vice President and Manager, Mohakhali corporate branch and Farooq Ahmed Bhuiyan, Former Principal Officer, Mohakhali corporate branch.
The court has issued arrest warrants against the accused as they are absconding.
Khandaker Mehmud Alam has been sentenced to 13 years imprisonment and fined Tk 2 crore. The court said that different sections of the sentence will run simultaneously. Another accused Abu Saleh Md. Abdul Majed will be sentenced to seven years imprisonment and a fine of Tk 1 crore under section 5 (2) and one more year imprisonment for non-payment.
ALM Badiuzzaman and Farooq Ahmed Bhuiyan will be sentenced to five years imprisonment under Section 5 (2) and one more year imprisonment for non-payment of a fine of Tk 40 lakh.