by
A Former MD of Islami Bank Monirul Mawla Sent to Jail in Embezzlement Case court has ordered the imprisonment of Monirul Mawla, the former Managing Director (MD) and Chief Executive Officer (CEO) of Islami Bank Bangladesh PLC, in a case filed by the Anti-Corruption Commission (ACC) on charges of embezzlement. On Monday (June 23), the Dhaka Metropolitan Senior Special Judge Md. Zakir Hossain Galib issued the order following an application by the ACC.
The ACC’s Deputy Director and investigation officer of the case, Yasir Arafat, applied to keep Mawla in custody. ACC Public Prosecutor Mahmud Hossain Jahangir stated that since the case was filed at the ACC’s Chittagong District Integrated Office-1, hearings for bail or remand cannot be held in Dhaka. The Dhaka court ordered Mawla to be sent to jail, and hearings regarding bail or remand will take place in a Chittagong court.
Earlier, on Sunday (June 22) around 11:45 PM, Monirul Mawla was arrested by the Dhaka Metropolitan Detective Police (DB) from his residence in the Bhattara residential area of the capital.
According to the case details, Mawla is accused of creating and using fraudulent documents to embezzle a total of BDT 1,092.46 crore from Islami Bank. The allegations further state that he engaged in money laundering by transferring, diverting, and converting the embezzled funds to conceal their true source and nature.
AI/MR
