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বাংলা E-Paper 📍 Dhaka 📅 Saturday | 25 July 2026, 10 Srabon 1433

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BFIU Report Links Former President Shahabuddin to Islami Bank Share Scam

Published : Saturday, 25 July, 2026 at 7:39 PM

Observer Online Report

The Bangladesh Financial Intelligence Unit (BFIU) has submitted a report to the High Court alleging the involvement of former President Md Shahabuddin and his company, JMC Builders, in the alleged Tk 80,000 crore Islami Bank share scam.

The report was recently placed before the High Court following an order directing the Anti-Corruption Commission (ACC) to investigate the matter.

Lawyer Mohammad Shishir Monir, who is associated with the case, confirmed the development on Saturday. He said a High Court bench led by Justice Md Mujibur Rahman Miah is scheduled to hear the matter on Wednesday.

According to the BFIU report, Shahabuddin became the nominated director of JMC Builders in 2017 and later served as vice chairman of Islami Bank. He remained in the post until February 13, 2023, when he assumed the presidency.

The report alleges that during his tenure as vice chairman, 24 companies, including JMC Builders, obtained loans amounting to Tk 80,000 crore from Islami Bank. It further states that the loans remain unpaid.

The allegations are part of the ongoing proceedings, and the ACC has been directed to investigate the matter.

SKS

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Editor : Iqbal Sobhan Chowdhury

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