Exim Bank ex-MD Firoz jailed over Tk 857cr embezzlement

A Dhaka court on Thursday sent former Exim Bank Managing Director and CEO Mohammad Firoz Hossain to jail in a case filed by the Anti-Corruption Commission (ACC) over the embezzlement of Tk 857 crore from clients’ funds.

Judge Md Sabbir Foyez of the Dhaka Metropolitan Senior Special Judge’s Court passed the order after Firoz was produced before the court. ACC Assistant Director Md Shahjahan Miraj, the investigation officer of the case, requested custody of Firoz until the investigation is complete.

Firoz’s lawyer filed a bail petition, which ACC Public Prosecutor Delwar Jahan Rumi opposed. After hearing both sides, the court rejected the bail plea and ordered Firoz to be sent to jail.

Earlier in the day, an ACC team led by Shahjahan Miraj arrested Firoz from the Segunbagicha area of Dhaka.

The case, filed on August 17, names 21 people, including former Exim Bank chairman Nazrul Islam Mazumder, accusing them of misusing their authority to approve loans, embezzle, and launder Tk 857.93 crore.

MAL/HKJ