Islami Bank suspends official for filing ACC complaint against ex-president

Islami Bank has suspended one of its officials for filing a complaint with the Anti-Corruption Commission against former president Mohammed Shahabuddin, S Alam Group Chairman Saiful Alam, and 36 others.

The complaint was filed on Monday over alleged embezzlement of nearly Tk500 crore during Shahabuddin’s directorship.

Seeking anonymity, a top official of the bank said Mohammed Yasin Ali, assistant vice-president of the bank’s Foreign Exchange Corporate Branch, did not consult or discuss the matter with the management before filing.

The official added Yasin was suspended pending an investigation by a committee.

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Islami Bank acting managing director Md Altaf Hossain said, “There is no provision in the bank to directly file a complaint with the ACC. If we file any case, we do so through the court.”

Yasin on Monday told the ACC that the money was embezzled when Shahabuddin was a director of the bank and after S Alam secured majority stake in the bank.