SBC manager arrested for embezzling Tk 26.14cr

Staff Correspondent

20 July, 2021 12:00 AM printer

The Anti-Corruption Commission (ACC) on Monday arrested Sadharan Bima Corporation (SBC) audit and compliance department Manager M Abul Kashem in a case filed on charges of embezzling Tk 26.14 crore.

The anti-graft body’s assistant director Md Sirajul Islam arrested Abul Kashem at 11:30am from Motijheel area in the capital, ACC sources said.

Earlier on November 9, 2020, the ACC filed a case with its integrated district office Dhaka-1 against Kashem on charges of embezzling Tk 26.14 crore from the state-run Sadharan Bima Corporation from 2010-2020.

The case was filed under sections 409,467,468 and 471 of Penal Code and section 5 (2) of the Prevention of Corruption Act, 1947 and section 4 (2) of Prevention of Money Laundering Act-2012.