A Dhaka court has sent Major (retd) Abdul Mannan, former chairman of Bangladesh Industrial Finance Company Limited (BIFC), to jail in a graft case filed by the Anti-Corruption Commission (ACC).
Judge Ash-Shams Jaglul Hossain of Dhaka Metropolitan Senior Special Judge's Court on Thursday passed the order after Mannan, also former Bikalpadhara Bangladesh secretary general, surrendered before it and sought bail.
Lawyer Mosharraf Hossain Kajol represented the ACC in the court.
On April 12, 2023, ACC Deputy Director Md Abdul Majed filed the case against Mannan and 14 others on charges of embezzling more than Tk 202.2 million of the financial institution.
According to the case documents, Mannan and his company officials misappropriated the funds on the pretext of approving and disbursing loans without issuing any security bond or mortgage.