The Anti-Corruption Commission (ACC) has filed a case against 21 senior officials, including Exim Bank’s current and former chairmen, on charges of embezzling Tk858 crore in loans through fraud.

ACC Assistant Director Mohammad Shahjahan Miraj filed the case on Sunday, naming Exim Bank’s former chairman Nazrul Islam Majumder, his wife and former director Nasrin Islam, incumbent chairman Md Nazrul Islam Swapan, and Medina Dates and Nuts proprietor Mozammel Hossain as the prime accused.

The rest of the accused include former managing directors, directors, vice presidents, executives, and branch managers. According to the ACC statement, Mozammel Hossain took a loan of about Tk858 crore from the Motijheel branch of Exim Bank through various irregularities and fraudulent practices.

To have the loan approved, top-level officials of the bank violated loan policies and banking laws, misusing their authority.

Mozammel eventually defaulted on the loan, causing massive financial losses to the bank.

Meanwhile, the ACC filed a case against Kazi Nabil Ahmed – owner of Gemcon Group and former Awami League lawmaker from Jashore-3 – on charges of acquiring illegal assets worth around Tk7.5 crore and conducting unusual transactions worth over Tk109 crore across 45 bank accounts.

ACC Deputy Director (Public Relations) Md Akhtarul Islam confirmed the matter. According to the case statement, Kazi Nabil Ahmed abused his power and earned over Tk7.35 crore beyond his known income.