The Anti-Corruption Commission (ACC) has prosecuted former EXIM Bank chairman Nazrul Islam Mazumder and 20 others over the alleged embezzlement and laundering of Tk 8.58 billion, approved through “abuse of authority” in loan processing. Assistant Director Shahjahan Miraj lodged the case on Sunday at the ACC’s Integrated District Office, Dhaka-1. According to the case documents, the accused recommended approving an incomplete loan proposal for the company Madina Dates and Nuts without proper verification, feasibility study, or stock assessment. Although collateral had been mentioned, the accused allegedly colluded to misuse authority, act dishonestly, and violate fiduciary responsibilities in pushing the loan forward. Charges have been brought under Section 409 of the Penal Code, Section 5(2) of the Prevention of Corruption Act, 1947, and Sections 4(2) and 4(3) of the Money Laundering Prevention Act, 2012.

Source: bd News24 August 18, 2025 05:54 UTC