Bangladesh
Money Embezzlement Bank officer sentenced to 35 years for embezzlement of customers' money
Dhaka, March 22: A court has sentenced a bank official to 35 years in the case of embezzlement of Tk 7 crore in the name of fake loan by forging customer's signature. The man, Noor Mohammad, was the field supervisor of Raipur branch of Islami Bank.
The Special Judge Court of Noakhali gave this verdict on Thursday. ACC Deputy Director Md. Moshiur Rahman confirmed the matter.
According to the investigation report, Noor Mohammad created fake investments in the name of 186 people by forging signatures of customers while working at the Raipur branch of Islami Bank. Later, Noor Mohammad sanctioned investment loans in the name of various customers by resorting to fraud. After that he collected cheques, in the name of 186 customers and embezzled Tk 7 crore 3 lakh 24 thousand 936. The embezzlement took place between July 2016 and September 2017.
He has been charged under Section 409/420/467/468/471 of the Penal Code and Section 5(2) of the Prevention of Corruption Act, 1947.
