Salman F Rahman. File Photo

DHAKA, Jan 01, 2026 (BSS) - The ACC today filed four cases against former Prime Minister’s adviser and Vice-Chairman of Beximco Group Salman F.Rahman and 34 others over embezzlement of Taka 2,858 crore from Janata Bank by taking export development fund (EDF) facilities in the name of four different garment factories.

Director General of Anti Corruption Commission (ACC) Md. Akhtar Hossain revealed this at the regular media briefing here this afternoon.
According to the ACC, evidence has been found of abusing power to obtain loans including EDF facilities using fake and newly created companies, showing fictitious of imports and exports through back-to-back letters of credit (LCs) to create accommodation bills and transferring, converting and layering the embezzled money through money laundering.

A five-member investigation team led by Deputy Director Muhammad Zainal Abedin conducted the inquiry.

The investigation found that loans were approved and disbursed in favor of a newly created company named Yellow Apparels Limited and through back to back LCs and goods were shown as being imported and exported among related entities. 

In this way, around 700 accommodation bills were created that embezzled of approximately Taka 416.31 crore. A case has been filed against 23 people in this connection.

In addition, another case has been filed against 20 people for allegedly embezzling Taka about 675.33 crore, using the same method in the name of Pink Maker Limited.

Another case has been filed against 24 people over the embezzlement of about Taka 719.15 crore through the use of back to back LCs in the name of Apollo Apparels Limited.

Meanwhile, another case has been filed against 27 people over embezzlement and money laundering of about Taka 1,047 crore by providing loan facilities in favor of a fake company named Bay City Apparels Limited.

In all four cases, Salman Fazlur Rahman and his brother A.S.F. Rahman have been named as prime accused. 

The accused list also includes Beximco Limited directors Iqbal Ahmed, Osman Kaiser Chowdhury, AB Siddiqur Rahman, Masud Ikramullah Khan, Shah Manjurul Haque and Reem H. Shamsuddoha, along with owners of the concerned garment factories and former senior officials and employees of Janata Bank.

The ACC said the cases have been filed under sections 409, 420, 467, 468, 471, 477(A/3) and 109 of the Penal Code, section 5(2) of the Prevention of Corruption Act, 1947 and sections 4(2) and 4(3) of the Money Laundering Prevention Act, 2012 (amended in 2015).