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The Anti-Corruption Commission (ACC) has filed a lawsuit against 24 individuals, including a former managing director of the Investment Corporation of Bangladesh (ICB) and the chairman and the MD of Universal Financial Solutions Ltd.
The case was filed as the accused persons mutually embezzled Tk311 crore from asset manager Universal Financial Solutions.
Md Hafizul Islam, deputy director of the anti-corruption watchdog’s Dhaka Integrated District Office, filed the case on Sunday.
ACC Deputy Director (Public Relations) Md Aktarul Islam confirmed the matter to the media.
Case dockets say, the accused embezzled Tk59.4 crore showing fake investments, Tk148 crore was siphoned off in the name of investments in mutual funds, while Tk63.87 crore pocketed illegally through stock sales.
The big name in the case is former ICB managing director Mosaddake Ul-Alam.
Other accused are Syed Alamgir Farukh Chowdhury, chairman of Universal Financial Solutions Ltd, its Managing Director Syed Hamza Alamgir, Directors Ishrat Alamgir, Alia Haque Alamgir, Syeda Shehrin Hossain, Syeda Mehreen Rahman, Mahid Haque, Mohammad Zakir Hossain, Md Tariq Masood Khan, Mohammad Masum Chowdhury and Umme Islam Sohana.
(DS)
