The High Court (HC) on Sunday ordered the authorities concerned to investigate the allegations of embezzlement of Tk 104.06 crore of the customers of Homeland Life Insurance Company Limited.
It also asked the authorities concerned to submit the investigation report before it on August 27.
The HC bench comprising Justice Md Nazrul Islam Talukder and Justice Kazi Ebadoth Hossain passed the order after holding a hearing on a writ petition filed in this regard.
Earlier in the day, the Anti-Corruption Commission (ACC) lawyer Advocate Khurshid Alam Khan submitted a compliance report before the bench that stated the anti-graft body has already started its probe over the matter.
Earlier on April 8, the writ petition was filed on behalf of 14 clients of the company for embezzlement of Tk 104.06 crore seeking HC directive in this regard.
The court after holding a primary hearing on the matter, had asked the Insurance Development and Regulatory Authority chairman and ACC Chairman to probe the allegations. It had also ordered to submit a compliance report in this regard.
The HC bench also issued a rule asking the authorities concerned to show reasons within two weeks as to why an inquiry should not be ordered into the graft which was presented in the 131st board meeting of the company.
As reports were published in various media about the embezzlement of the company's money, the writ was filed in the High Court by attaching those reports.
In the writ, 14 directors of the company including finance secretary, chairmen of the IDRA and ACC, chairman and vice chairman of Homeland Insurance were made respondents.
According to media reports, evidence has been found that Homeland Life Insurance group fraudulently embezzled Tk104 crore from the company's funds.
These funds were embezzled by forging board meeting documents, documents for land purchase, vouchers for expenses in commissions and other sectors.
Documents show that non-existent land was purchased in the name of this institution, said the case documents
Advocate Akter Rosul Murad appeared on behalf of the petitioners while Advocate Khurshid Alam Khan represented the state during the court proceedings.
