Four including Uttara Bank officials get life imprisonment for embezzlement

A Dhaka court has sentenced four people including two Uttara Bank Limited officials to life imprisonment in a case involving the embezzlement of over Tk 40.1 million.

Court Correspondentbdnews24.com
Published : 24 April 2016, 04:55 PM
Updated : 24 April 2016, 04:55 PM

Judge of Special Judge Court No. 5 Md Aktaruzzaman delivered the verdict on Sunday in the 13-year-old case.
 
The convicts are the bank’s Darussalam branch Manager Khan Ahsan Ertajul Islam and foreign exchange branch Principal Officer Mizanur Rahman, and Apparel Source Limited Chairman Abdullah Al Mamun and Managing Director Md Saiful Alam.
 
Court official Mokarram Hossain said all of them are on the run.
 
The verdict said the convicts misused their power to open Tk 200 million worth of LCs (letter of credit) and got them approved.
 
Then they embezzled more than Tk 40.1 million in the name of garment export.
 
Anti Corruption Commission’s Director Harun Or Rashid had filed the case on Aug 5 in 2003 with the Mirpur police.
 
The charge sheet was submitted against the four accused after a prolonged investigation.