But the Bangladesh Bank denied him a no-objection certificate, saying that he already had an active loan of around Tk 25 million under the Premier Bank account. But Zulfiqar had disappeared with the papers and the auditors later discovered that around Tk 119 million worth of loans disbursed to different customer accounts was misappropriated. Kawsar Alam Majumder, a vice president and head of human resource at the bank’s headquarters, filed a case against Zulfiqar and former branch manager Ferdous Alam, 59, over the embezzlement. Shahriar Kabir, who is managing the bank branch now, said former manager Ferdous was among seven people withdrawn to the headquarters over the embezzlement. One of them, Aminul, said he learnt that Tk 11.4 million was embezzled using his account.

Source: bd News24 November 01, 2020 05:03 UTC