The Anti-Corruption Commission (ACC) on Sunday arrested state-run BDBL’s former general manager Syed Nurur Rahman Kadri in a case filed against 11 people on charges of misappropriating around Tk 175 crore from the bank.
An ACC team, led by its Assistant Director Gulshan Anowar Prodhan, arrested Nurur Rahman, former GM of the state-run Bangladesh Development Bank Limited, from Matsya Bhaban area of the city around 4:00 pm, said ACC spokesperson Pranab Kumar Bhattacharjee.On September 2, ACC Deputy Director Gulshan Anwar Pradhan filed the case with its integrated district office Dhaka-1 under penal code, prevention of corruption act-1947 and money laundering prevention act-2012.
The accused are BDBL former GM Syed Nurur Rahman Kadri, its former Senior principal officer (SPO) Dinesh Chandra Saha, Chairman of MM Vegetable Oil Products Hefazatur Rahman, its Managing Director Jahir Uddin and Directors--Kamal Uddin, Kafil Uddin, Rafiq Uddin, Shafiq Uddin and Jasim Uddin--, proprietor of Lucida Trading Mohammad Nasir Uddin Chowdhury, and Proprietor of Globe International Mahbubul Alam Chowhdury.
According to the case, MM Vegetable Oil Products set up a plant for soybean and palm oil at Bhatiari of Chattogram. The company showed that they imported raw materials for the plant from Globe International and Lucida Trading on June 21, 2012 through two separate letters of credit (LCs) worth around Tk 79.55 crore.
The company submitted the LCs to BDBL’s principal branch in Dhaka for the money as a loan.
The Globe International and Lucida Trading are two paper-based organisations and have no existence. But the BDBL officials okayed the loan without verifying whether any raw materials have been supplied.
Later, the money was transferred to their accounts in Trust Bank and Dhaka Bank and Tk 79.55 crore was embezzled. The loan, including interest, now accrued to around Tk 175 crore.The accused in collusion with each other embezzled the money and it took place February 12, 2012 to December 31, 2018.