HBM Iqbal, Salam Murshedy prosecuted for ‘misappropriation through advertisement’

ACC alleges that Tk 81.7 million was siphoned off in 2020 under the pretext of advertisement campaigns

The Anti-Corruption Commission (ACC) has filed five cases against 15 individuals, including former Premier Bank chairman HBM Iqbal, his two sons, former lawmakers Abdus Salam Murshedy and Bazlul Haque Haroon, for allegedly misappropriating Tk 81.7 million under the guise of advertisement expenses.

The cases were lodged on Tuesday at a Dhaka office of the anti-graft agency, ACC Director General Md Akhtar Hossain said.

Alongside Iqbal, his sons Mohammad Imran Iqbal and Moin Iqbal, and Premier Bank directors including Murshedy and Haroon, other suspects include Premier Bank directors Shafiqur Rahman, Jamal Gupto Ahmed, Shaila Shelly Khan, Chowdhury Jafarullah Sharafat, AHM Ferdous, and Nobo Gopal Bonik; Managing Director M Reazul Karim; Deputy Managing Director and Procurement Committee head Syed Nowsher Ali; Senior Vice-President Moshfek Alam Khan; and Mindtree Managing Director Ikbal Al Mahmud.

The ACC alleges that in 2020, they misappropriated the money across just five work orders issued by the bank.

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