Former Islami Bank chairman Obayed Ullah Al Masud has been sent to prison after being arrested in a Tk 1.89 billion loan fraud case linked to Agrani Bank. Obayed resigned as chairman of Islami Bank on Jul 16, 2025, just 11 months into his tenure. Before that, he served as managing director of state-owned Sonali Bank and Rupali Bank, and earlier as general manager of Agrani Bank’s Dhaka Circle-2. The other suspects include former principal officer and general manager Mostaq Ahmed; former deputy general manager Md Abul Hossain Talukder; former general manager Mohammad Shams Ul Islam; former deputy general manager Tajreena Ferdousi; and former general manager Md Mofazzal Hossain. The ACC alleges that Jasmin Vegetable Oil MD Zahid Ahmed managed the account opened under a shell entity of Nurjahan Group.
