The Pulse Today
BREAKING
Sajib Pledges Aid for 50,000 Flood-Affected People in SonargaonMP Azharul Islam Mannan Distributes Relief Funds to Needy Families in SonargaonParliament Proposes Anti-Gambling Bill with Maximum 7-Year Prison PenaltyOpenAI Unveils 'Schedule' Feature to Boost Task Management in AI ChatbotPrime Minister Tareq Rahman Arrives in Dalian, China for Economic ForumEurope Confronts Intense Heatwave; Conditions Predicted to DeteriorateGold Prices Rise Again in Bangladesh Amid Global Market IncreaseSpaceX's Nasdaq Debut Values Company at Over $2 Trillion, Surpassing AmazonStudy Reveals AI Data Centers Contribute to Local Temperature IncreasesNarayanganj BNP Youth Wing Holds Rally to Welcome New Central CommitteeCarney Highlights Canada's Investment Appeal Amidst Rising US Trade TensionsFormer Google Engineer Warns of Uncontrollable AI with Potential to 'Kill Us All'Matt Renshaw's Maiden ODI Century Powers Australia to Victory Over ZimbabweMinister Mintoo Urges Collective Action to Combat Social Decay and CorruptionMinister Kaikobad Calls for Hassle-Free 2027 Hajj Operations in BangladeshInaugural Standing Committee Meeting on Information Ministry Focuses on Accountability and TransparencyTaskin Ahmed and Ebadot Hossain Inspire Fast Bowlers at Nationwide Talent Hunt LaunchFlick endorses 'self-confident' Yamal's bid for Ballon d'OrEnhanced Gas Supply Boosts Optimism Among Bangladesh Industrial BusinessesPresident Alamgir Urges Increased Investment in Sylhet’s Tourism and Tea IndustriesRobi and BCB Initiate Nationwide Search for Promising Fast Bowlers and SpinnersSaudi Crown Prince Mohammed bin Salman Meets Egypt's Sisi Amid Rising Houthi ThreatBangladesh's RMG Exports to US Increase by 11.42% in July-AugustMoody's Upgrades Bangladesh's Sovereign Outlook to Stable Amid Improved External PositionDhaka Stock Exchange Sees Rebound from Bargain Hunting and Improved Investor Confidence

Ex-Dhaka Bank Officials Receive 20-Year Sentences in Corruption Case

Four former officials of Dhaka Bank Limited have been sentenced to 10 years in prison for criminal breach of trust, forgery, and misappropriation of funds.

By Staff Correspondent
Share
4  Dhaka Bank ex-officials jailed in graft case | Law and Court
BSS

A court in Dhaka has convicted four former officials of Dhaka Bank Limited, sentencing them to a combined 20 years in prison for criminal breach of trust, forgery, and misappropriation of funds. The court imposed a 10-year sentence under Section 409 of the Penal Code, and an additional five-year sentence under Section 471 of the Penal Code and Section 5 (2) of the Prevention of Corruption Act, 1947. However, these sentences will run concurrently, resulting in a 10-year imprisonment for each convict.

Convicts and Charges

The convicted individuals are Mohammad Shawkat Ali, Probir Kumar Bhowmik, Abu Mohammad Said Khan, and Kazi Farid Uddin Ahmed. Judge Md Hasanuzzaman of the Dhaka Special Judge Court-1 delivered the judgment in the presence of three of the convicts, as Shawkat Ali remains at large and was tried in absentia. The case revolves around the fraudulent acquisition of a loan using forged share certificates.

The Case Details

The case dates back to 2002 when Mohammad Yusuf Ali opened an account with Dhaka Bank and secured a loan of TK 17 lakh using shares of Confidence Cement Limited and Meghna Cement Limited as collateral. The loan amount was later increased to TK 24 lakh. Verification revealed that the shares were forged, and the prosecution alleged that Yusuf Ali and Shawkat Ali colluded to misappropriate the bank's funds.

Legal Proceedings

The case was filed with Motijheel Police Station on May 31, 2008, by Sirajul Haque, then Senior Vice President of Dhaka Bank. A charge sheet was submitted by Anti-Corruption Commission Assistant Director Kamiyab Aftahi-Un-Nabi on August 22, 2023, and the trial commenced on January 16, 2025. During the trial, 14 prosecution witnesses testified before the court.

Why This Matters for Bangladesh

This case highlights the importance of financial integrity and the consequences of corruption within banking institutions. It underscores the commitment of the judiciary to uphold the law and bring justice to victims of financial crimes.

Source: BSS

FAQ

Who were the convicted officials of Dhaka Bank?
The convicted officials are Mohammad Shawkat Ali, Probir Kumar Bhowmik, Abu Mohammad Said Khan, and Kazi Farid Uddin Ahmed.
What were the charges against the convicted officials?
The charges include criminal breach of trust, forgery, and misappropriation of funds under Sections 409 and 471 of the Penal Code and Section 5 (2) of the Prevention of Corruption Act, 1947.

Topics

Comments

Related stories

More in Bangladesh

See all →

Latest stories