Former Islami Bank chair Obayed sent to jail

A Dhaka court on Wednesday sent Md Obayed Ullah Al Masud, former chairman of Islami Bank Bangladesh PLC, to jail in a case related to a Tk189 crore loan scam filed by the Anti-Corruption Commission (ACC).

Dhaka Metropolitan Sessions Judge Md Sabbir Faiz passed the order after ACC Deputy Assistant Director Mohammad Shah Jalal submitted a petition seeking his detention.

However, no bail petition was submitted on behalf of the accused.

Earlier in the day, the ACC arrested him from his residence in the Dhanmondi area of the capital in the case filed on 28 September against 11 individuals on allegations of embezzling Tk189.80 crore through irregular loan approvals at the Asadganj branch of Agrani Bank in Chattogram.

The other accused in the case are-- former managing director and chief operating officer of the bank Syed Abdul Hamid, former principal officer of Agrani Bank and General Manager (GM) of the Asadganj branch Mostak Ahmed; former Deputy General Manager (DGM) Md Abul Hossain Talukder; former GM Mohammad Shams-ul-Islam; former DGM Tajrina Ferdaus; and former General Manager Md Mofazzal Hossain.

The ACC also accused the owner of Messer's Mizan Traders Md Mizanur Rahman, managing director of Tasmir Vegetable Oil Limited Zahir Ahmed and two bank directors Tipu Sultan and Farhad Monwar.