The Anti-Corruption Commission (ACC) has decided to file a case against 67 people over the alleged embezzlement and misuse of loans amounting to nearly Tk 10,500 crore from Islami Bank Bangladesh Limited (IBBL).
The decision was made on Sunday at the ACC headquarters, said Md. Tanzir Ahmed, Assistant Director (Public Relations) of the commission.
According to the allegations, loans were irregularly approved in violation of the rules and regulations of both Islami Bank and the Bangladesh Bank in favour of three companies under the S. Alam Group — S. Alam Refined Sugar, S. Alam Steels Ltd, and S. Alam Trading Company Ltd.
The original loan amount was Tk 9,283.93 crore which has now swelled to Tk 10,479.62 crore including interest and dividends.
ACC sources said the case may include the names of several members of the bank’s board of directors, senior officials, and top executives of the borrower companies.
