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ACC prosecutes former Islami Bank MD Mowla, 3 others over ‘embezzlement’
The Anti-Corruption Commission (ACC) has brought charges against former managing director of Islami Bank Muhammad Munirul Mowla, along with three others, for allegedly misappropriating Tk 50 million from the bank’s Corporate Social Responsibility (CSR) budget. ACC Director General Akhtar Hossain confirmed the development on Thursday. He said the case was lodged by Assistant Director Mahmudul Hasan at the commission’s Integrated District Office, Dhaka-1. The other accused are former deputy managing directors Miftah Uddin and Md Akiz Uddin, along with SM Sultan Ahmed, acting senior assistant vice president of the bank’s Gulshan branch. According to the case documents, on Jun 25, 2023, Islami Bank’s Sustainable Finance Division allocated Tk 50 million to the Gulshan Corporate Branch. The fund was designated to...
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