DHAKA, Aug 06, 2026 (BSS) – A court here today convicted and sentenced four former officials of Dhaka Bank Limited to a combined 20 years' imprisonment in a case lodged over criminal breach of trust, forgery, and misappropriation of funds.

The four convicts are Mohammad Shawkat Ali, Probir Kumar Bhowmik, Abu Mohammad Said Khan and Kazi Farid Uddin Ahmed.

Judge Md Hasanuzzaman of Dhaka Special Judge Court-1 pronounced the judgment in presence of the three convicts, as Shawkat is still at large and was tried in absentia.

The court sentenced the four to 10-year imprisonment under Section 409 of the Penal Code, five years imprisonment under Section 471 of the Penal Code and five more years of jail under Section 5 (2) of the Prevention of Corruption Act, 1947.

All the three sentences of jail will, however, run concurrently, meaning the convicts will have to suffer 10 years behind bars, bench official Rajib Dey told BSS.

According to the prosecution, one Mohammad Yusuf Ali opened an account with Dhaka Bank on November 4, 2002. Following his application, the bank approved a loan of TK 17 lakh in his name. 

As collateral, he pledged 1,000 shares of Confidence Cement Limited and 7,500 shares of Meghna Cement Limited.

Later, Yusuf Ali's request, the loan limit was increased from TK 17 lakh to TK 24 lakh.

Subsequent verification of the pledged shares revealed that they were forged. The prosecution alleged that Yusuf Ali fraudulently submitted fake and forged share certificates as collateral to secure the loan and then misappropriated the funds.

According to the case documents, accused Shawkat Ali identified Yusuf Ali at the time of opening the bank account and, with dishonest intent, assisted him in the process. The prosecution alleged that the two acted in collusion to misappropriate the bank's funds.

The case was filed with Motijheel Police Station on May 31, 2008, by Sirajul Haque, then Senior Vice President of Dhaka Bank.

On August 22, 2023, Anti-Corruption Commission Assistant Director Kamiyab Aftahi-Un-Nabi submitted a charge sheet against the four. The court framed charges against them on January 16, 2025, formally commencing the trial. During the proceedings, 14 prosecution witnesses testified before the court.