National Bank EVP sent to jail in graft case

Staff Correspondent: A Dhaka court has sent a National Bank official to jail in a graft case.

Dhaka Metropolitan Magistrate Ziarul Islam passed the order on Wednesday after Investigation Officer (IO) of the case ACC deputy director Jahangir Hossain produced him before the court.

The Anti-Corruption Commission (ACC) arrested Shahabuddin Chowdhury, a former executive vice president of National Bank Limited, from his own residence of the capital's Ramna area on Tuesday night.

On January 17, 2007, a case was filed against six people, including the bank official, with city’s Motijheel Police Station for allegedly swindling out over Tk 2.5 crore from the National Bank Limited.

According to the first information report, the accused persons in collusion with each other withdrew money through opening back-to-back letters of credit (LCs) at the bank preparing fake documents, and finally dwindled out the money.
 

risingbd/Dhaka/September 13, 2017/Mamun Khan/A K Azad