Photo :Messenger
Former Chairman of Bangladesh Industrial Finance Company Limited (BIFCL) Major (retd) MA Mannan and others have been accused of embezzlement by withdrawing Tk 518 crore from BIFC in the name of loan.
The Anti-Corruption-Corruption's (ACC) investigation revealed the involvement of 71 borrowers and relatives of Major Mannan, including his wife, daughter, brothers, and sisters-in-law, in this incident.
ACC has registered a total of 12 cases so far, including two cases in 2019. Allegations of embezzlement of Tk 247 crore and 54 lakh have been made in the statement of these cases. After the investigation of two cases filed in 2019, two charge sheets were also filed in court in 2020.
Among the 12 cases, 10 were filed by Deputy Director Abdul Majed.
Major Mannan is the founder of this listed non-banking financial institution.
According to ACC sources, as of March 30, 2017, BIFC had an unpaid loan of Tk 703 crore, 43 lakh, and 58 thousand. Most of these loans were taken by Major Mannan, his wife, and relatives. These loans have not been rescheduled and are currently classified.
Major (Retd.) Mannan, Owner of D Afroz Sweater Industries Limited, Major (Retd.) Mannan, Owner of Golden Horizon Limited, Major (Rtd.) Mannan and his wife Umm Kulsoom, Owners of M/s Telecom Service Enterprise Major (Rtd.) Mannan and his wife Umme Kulsoom, M/s Telecom Service Enterprise Owner Rezia Sultana, Owner Galaski Facilitation Services Limited Ahmed Yusuf Waleed, Owner M/s Alif Enterprises Major Mannan's wife Umme Kulsoom, Metropolitan CNG Limited Owner Major Mannan's brother Akbar and sister Maryam Haque Alo, United Dresses Limited Owner Major Mannan's brother Akbar, Wahab and sister Ayesha , Major Mannan's brother-in-law Rafiq Uddin, Telecom Service owner Major Mannan's brothers Akbar and Aminur, Maxnet Online owner Major Mannan's brother-in-law Raees Uddin, Bangladesh International Gateway Limited owner Motaleb Hossain, Teleplus Network Limited owner Major Mannan's two brothers-in-law Mohiuddin and Raees Uddin and Major Mannan's brother Akbar, Raees Uddin and Regina Sultana, brother-in-law of Major Mannan, owner of Dhaka CNG, Nahida Akter, owner of Runa Properties, Maryam Haque Alo, sister of Major Mannan, owner of M/s Tower Builders, Akhter Hossain, owner of M/s Rahmat Ullah & Company, Umm Kulsoom, wife of Major Mannan, owner of M/s Abdullah Brothers, , Aktare Hossain, owner of Motor Trade Enterprises, Salauddin Sumon and Nargis Akhter, owners of East Asia Enterprises, Rokeya Ferdous and Golam Jilani Didar, owners of Techno WiFi Services.
According to ACC sources, if the involvement of Bangladesh Bank, the Register of Joint Stock Companies, the Bangladesh Securities and Exchange Commission, related audit firms, and other bank officials is found during the investigation, their responsibility will be taken into account.
Former managing director Mahmood Malik told The Daily Messenger about the allegations, "I will not comment on the matter under investigation by the ACC."
Ahsan Ullah, company secretary of BIFC, said, "I am not a spokesperson. Call the MD.' When asked for ANWARULLAH SADEQ's mobile number, he hung up.”
On January 26, 2023, a case (number-5) was filed against BIFC former chairman Umme Kulsoom Mannan, Maxnet Online owner borrower Raees Uddin, and 10 other BIFC officials.
The accused are former BIFC chairman Umm Kulsoom Mannan, two daughters of former BIFC directors Tanjila Mannan and Tajrina Mannan; BIFC Director Abbas Uddin Ahmed; AMM Jahangir Alam; Rais Uddin Ahmed; Former Director Arshad Ullah; Former Deputy Managing Director Inamur Rahman; Former Senior Vice President Syed Faqre Faisal; Former AVP Ahmed Karim Chowdhury; and Former Senior Off Isar Nizam Uddin and Mostafizur Rahman.
It is alleged in the statement that the accused sanctioned and distributed a loan of 27 crore taka in the name of Rais Uddin. Through this, 36 crore, 49 lakh, and 31 thousand taka were embezzled.
February 22, 2023, a total of 13 persons, including Major (ret.) MA Mannan, his wives Umm Kulsoom and Aminur Rahman Khan, the proprietor of the borrowing company M/s Abdullah Brothers, and 11 other officials of BIFC, were filed on the date.
Director of the BIFC board of directors Abbas Uddin Ahmed, ANM Jahangir Alam, former director Rais Uddin Ahmed, former director Mohiuddin Ahmed, former director Rokeya Ferdous, former managing director Md. Mahmud Malik, former deputy managing director Inamur Rahman, former senior vice president Syed Faqre Faisal, and former senior officer Mohammad Nizam Uddin were made accused.
The accused embezzled 37 crore, 57 lakh, and 97 thousand taka owed to the customer, including interest and principal, by showing the approval and disbursement of a loan of 17 crore, 50 lakh rupees, in the name of Rais Uddin, the owner of Messrs. Abdullah Brothers, a business establishment in Chittagong.
On March 20, 2023, case (number-5) was filed against Major (retd) MA Mannan and Akbar Hossain, owner of the borrower Metropolitan CNG Limited, and 11 other officials of BIFC.
Akbar Hossain, the owner of Metropolitan CNG, has sanctioned a loan of Tk 6 crore. 4 crore, 66 lakh, and 92 thousand taka in principal and interest on that loan are outstanding as bad debt.
April 11, 2023 AD A case (No. 5) was filed against Major (Retd.) MA Mannan, loanee Rafiq Uddin, and 13 other officials of BIFC.
Rafiq Uddin sanctioned a loan of 11 crore 95 lakh taka and embezzled 11 crore 70 lakh taka including principal and interest money whose current status is 20 crore, 22 lakh, and 3 thousand taka,
May 2, 2023 AD, a case (No. 1) was filed against BIFC's former chairman, Umm Kulsoom Mannan, borrowers Wahid Mia and Mizanur Rahman, and a total of 12 people, including nine other officials of BIFC.
The defendants embezzled Tk 15 crore 50 lakh from the customer without paying the loan by showing the sanction and disbursement of Tk 15 crore 50 lakh, including interest and principal amount , whose current status is 21 crore, 31 lakh, 15 thousand taka,
May 31, 2023 AD a case (No. 13) was filed against MA Mannan and Akter Hossain, the owner of the borrower, M/s Rahmatullah & Company, and a total of 12 persons, including 10 other officials of BIFC. Asmira shows the sanction and disbursement of a loan of 15 crore, 70 lakh taka, and embezzled 33 crore, 65 lakh, and 5 thousand taka owed to the customer without paying the said amount.
September 7, 2023 AD A case (number 2) was filed against Major (retd) MA Mannan's wife, Umme Kulsoom, and the borrower, Dhaka CNG Limited owner Rezia Sultana, Rais Uddin, and 10 other BIFC officials.
The defendants showed the sanction and disbursement of a loan of 18 crore 50 lakh taka and embezzled 21 crore 21 lakh 67 thousand taka from the customer without paying that amount.
October 11, 2022 AD A case (number-3) was filed against Major (retd) MA Mannan, owner of borrower M/s Telecom Service Enterprise, Sirajul Islam, and 8 other officials of BIFC. The defendants transferred and converted 23 crore, 89 lakh, and 9 thousand rupees owed to the customer, including interest and principal, by showing that 11 million rupees were granted and disbursed.
An undated, signed check of around 12 crore taka was said to be kept as security, but in fact, no check or any other assets were mortgaged as security. Even the CIB report of the applicant was not collected from Bangladesh Bank. March 29, 2009 in the 75th meeting of the Board of Directors held on, the matter of approval of this loan was discussed, and the matter of disbursement of TK 10 crores for 6 months was approved. But 11 crore taka were distributed.
The accused, Sirajul Islam, is the brother of the other accused, Ahmed Karim Chowdhury, who is the AVP and Unit Head of BIFC. The borrower accused Sirajul Islam of being the DGM of Sunman Group, an organization of Major (retd) Abdul Mannan. The other accused is the brother-in-law of company director Raisuddin Major (retd.) Abdul Mannan and the brother of director Umm Kulsoom (Major Mannan's wife).
On December 1, 2022, a case (No. 1) was filed against BIFC former chairman Major (Retd.) MA Mannan, M/s Telecom Service Enterprise owner borrower Rizia Sultana, and 10 other BIFC officials.
The defendants embezzled by transferring and converting 9 crore, 77 lakh, and 94 thousand taka owed to the customer, including interest and principal, by showing that 16 crore taka were granted and disbursed.
Although 60 postdated and one undated signed check were to be deposited against each loan as security, no checks or other assets were actually mortgaged as security. Even the CIB report of the applicant was not collected from Bangladesh Bank. The issue of approval of this loan was discussed in three separate meetings of the Board of Directors, and the issue of a total loan of Tk 16 crore for a period of 60 months He embezzled 8 crore, 38 lakh, and 81 thousand taka owed to the customer, including the original, by transferring and converting it.
Although 60 postdated and one undated signed check were to be deposited against each loan as security, no checks or other assets were actually mortgaged as security. Even the CIB report of the applicant was not collected from Bangladesh Bank. The issue of approval of this loan was discussed in the meeting of the board of directors, and the issue of a total loan of 8 crore taka for a period of 60 months was approved.
On December 18, 2022, a case (number 9) was filed against Major (retd.) M. A. Mannan, M/s Telecom Services Limited owner borrower Aminur Rahman, and 10 other BIFC officials. The accused showed interest and disbursement of a Taka 8 crore loan.
On February 20, 2022 the charges of embezzlement was of 14 crores, 30 lakhs, and 67 thousand taka. A charge sheet (No. 16) has been filed in court on August 8, 2019. A case (No. 11) was filed on In the case, MA Mannan, managing director of borrower company Click to Design Nazmul Bashar, former managing director of BFIC Mahmud Malik, former deputy managing director Inamur Rahman, former head of business Fakre Faisal, former AVP Ahmed Karim Chowdhury, and former senior officer Nizam Uddin were accused.
At least 28 crore, 84 lakh, and 35 thousand taka were embezzled on February 20, 2022. A charge sheet (No. 15) has been filed in court on August 8, 2019. A case (No. 10) was filed on In the case, former chairman of BFIC M.A. Mannan, managing director of borrower company D-Afroz Sweater Industries Golam Jilani Didar, former managing director of BFIC Mahmud Malik, former deputy managing director Inamur Rahman, former head of business Fakre Faisal, former AVP Ahmed Karim Chowdhury, former senior officer Nizam Uddin, former principal officer Tanija Majed, and former officer Masud-ul-Reza Chowdhury were made accused. Rizia Sultana is the sister of Ferdous Sultana, director of the other accused board of directors.
Messenger/Fameema
