CHATTOGRAM, Aug 29, 2022 (BSS) - The Anti-Corruption Commission (ACC) has
filed a case against 11 people, including current managing director (MD) of
Padma Bank (formerly Farmers Bank) Faisal Ahsan Chowdhury on charge of
embezzling Taka 10 crore through loan fraudulence here.

Assistant Director of ACC Chittagong district office-1 Enamul Haque filed the
case today for embezzling the money after taking it as loan through
fraudulence.

Other accused in the case are former chairman of the Farmers Bank's
(currently Padma Bank) Audit Committee Mahbubul Haque Chishti alias Babul
Chishti, former SVP of Padma Bank's Khatunganj Branch Md Shaukat Osman
Chowdhury, former SEO and Operation Manager Md Anwar Hossain, Managing
Director of SB Auto Bricks Industries Limited Md Sagir Chowdhury, owner of
Messrs. Alam Enterprises Md Abu Alam, his wife Parveen Akhter, Managing
Director of National Survey Limited Md Majedul Islam, and former Additional
Managing Director of Padma Bank AKM Shamim, former Managing Director
Chowdhury Mostak Ahmad and former Vice Chairman of Executive Committee Dr
Athar Uddin.

According to the case statement, the Farmers Bank Limited gave Taka 24 crore
as loan in two phases to Managing Director of SB Auto Bricks Industries
Limited Md Sagir Chowdhury against mortgage of a piece of land in Chattogram.

He was given Taka 14 crore in the first phase against the mortgage and later
he took Taka 10 crore again against the same mortgage.

According to ACC official, the accused misused the power of mutual agreement
and provided the loan of Taka 10 crore in addition to the earlier loan of
Taka 14 crore despite knowing that the value of forced sale of the mortgaged
property is lower than the loan amount.