DHAKA, Oct 16, 2025 (BSS) –The Anti-Corruption Commission (ACC) has launched an inquiry against Eastern Bank PLC Chairman Md. Showkat Ali Chowdhury and his family members over allegations of money laundering abroad.

ACC Deputy Director (Public Relations) Md Akhtarul Islam confirmed the matter to BSS today, stating that the decision to initiate the inquiry was made on October 13.

According to the ACC, the allegations include suspicious transactions of Tk 8,000 crore through bank accounts and irregularities in letters of credit (LCs) in disguise of ship breaking. 

The commission suspects abuse of power, corruption and use of shell companies to illegally transfer money abroad.

Necessary steps have been initiated to investigate the matter, the ACC sources added.