The Anti-Corruption Commission has found another incident of money laundering, to the tune of about Tk 236 crore, by AB Bank Ltd using its offshore banking service.
After an inquiry for about three and a half years, the relevant ACC inquiry team detected the involvement of 25 people, mostly form the then board, including the bank’s chairman M Wahidul Haque, an ACC director general told New Age on Monday.
He said that three separate cases would be filed in this regard soon as the team led by Jahangir Alam had already submitted their findings to the commission seeking approval for filing the cases.
Of the 25 people, about 18 will be prosecuted in all three cases, he said.
He said that the money was laundered to Singapore and Dubai between 2014 and 2016.
In collusion with a section of the bank management and officials, three overseas companies using addresses in Singapore and Dubai filed applications to the bank for loans from its offshore banking unit during the time, the official said, adding that the companies did not exist.
The three fake companies are Sematcity General Trading LLC, ATZ Communications Pte Ltd and Euro Cars Holdings Pte Ltd.
According to the findings, the companies opened accounts with the bank after they had submitted the applications for the credit.
Of the three companies, one received Tk 60.40 crore, another 14.88 crore and the other 160.80 crore, the official said.
On March 5, the commission, in connection with another money laundering incident, approved a charge sheet against Wahidul Haque and seven others on charge of their alleged involvement in laundering around Tk 165 crore to the United Arab Emirates.
The seven other accused are AB Bank’s director Syed Afzal Hasan Uddin, its former head of financial institutions and treasury Abu Hena Mustafa Kamal, its former managing directors M Fazlur Rahman and Shamim Ahmed Chaudhury, head of offshore banking unit in Chittagong Mohammad Lokman, vice-president Mohammad Mahfuzul Islam, and businessman Saiful Haque.
According to commission’s findings, the eight suspects laundered the sum in collusion with each other between September 2013 and February 2014 in gross violation of the country’s laws.
On December 28, 2017, during interrogations, Wahid admitted that he had been involved in the money laundering incident, he said.
On January 25, 2018, the commission arrested Wahidul Haque, Abu Hena Mustafa Kamal and businessman Saiful Haque.
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