ACC quizzes AB Bank chairman

02 Nov,2017


Dhaka,  BdChronicle:

The Anti-Corruption Commission on Thursday interrogated Arab Bangladesh (AB) Bank chairman M Wahidul Haque in an embezzlement case.

ACC deputy director and inquiry officer Sheikh Abdus Salam questioned him for nearly two hours at the head office of AB Bank Limited, Motijheel, in the capital, a top official of the commission told UNB.

On June 28, 2017, the national anti-graft agency filed a case against 16 people, including former foreign minister and senior BNP leader M Morshed Khan and three former managing directors of AB Bank Limited, on charge of embezzlement of Tk 383.22 crore from the bank.

According to the case statement, AB Bank illegally guaranteed loans of Tk 348.22 crore given to Pacific Bangladesh Telecom Ltd (PBTL) by eight other banks and non-bank financial institutions.

The board and other top officials of AB Bank approved the loans violating the rules and regulations of Bangladesh Bank.

Morshed is the PBTL chairman.

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