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Oriental Bank loan scam; 5 ex-officials jailed 68 yrs each

WT24 Desk

A Dhaka court on Tuesday sentenced five former officials of Oriental Bank Limited, now known as ICB Islamic Bank, to 68 years imprisonment each and fined them Tk 40 million each in four graft cases, reports UNB.

Judge Md Akhteruzzaman of the Special Judges Court-5 pronounced the verdict.

Former senior vice president of the bank Shah Md Harun, former senior assistant vice president Abul Kashem Mohammadullah, former SEVP Mahmuda Hossain, former EVP Kamrul Islam and former deputy managing director Fazlur Rahman were awarded 68 years jail each.

The court issued arrest warrants against all the convicts as they have been on the run.

The court also sentenced two other ex-officials of the bank-former AVP Torikul Islam and client Salauddin– 17 years jail each in another two cases.

The court also acquitted bank’s former executive officer Inamul Haque from the charges.

The four cases were filed in 2006 for embezzling Tk 40 million in the name of loan disbursement and the Anti-Corruption Commission (ACC) submitted chargesheet in the cases in 2013.

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