A Dhaka court on Thursday sentenced four former officials of Dhaka Bank Ltd to 20 years imprisonment each in a corruption case involving forgery, criminal breach of trust and embezzlement of bank funds.
Judge Md Hasanuzzaman of Dhaka Special Judge Court-1 delivered the verdict.
The convicts are former Executive Vice President Kazi Farid Uddin Ahmed, former Vice President Abu Mohammad Sayeed Khan and former Senior Principal Officers Prabir Kumar Bhowmik and Shawkat Ali.
The court sentenced each to 10 years imprisonment for criminal breach of trust, five years for forgery and five years for embezzlement, along with financial penalties. As the sentences will run concurrently, each will serve a maximum of 10 years in prison, according to ACC prosecutor Mir Ahmed Ali Salam.
Shawkat Ali was absent during the verdict. The court rejected his plea for adjournment, cancelled his bail and issued an arrest warrant. The other three convicts were taken into custody and sent to prison.
According to the prosecution, Mohammad Yusuf Ali obtained a Tk 2.4 million loan from Dhaka Bank in 2002 by submitting forged share certificates as collateral. Investigators later found the pledged shares to be fake, causing financial loss to the bank. Shawkat Ali was accused of facilitating the fraudulent account opening.
The case was filed in 2008 by the bank's then Senior Vice President Sirajul Haque. After further investigation, the Anti-Corruption Commission (ACC) submitted a supplementary charge sheet in 2023 against the four officials. Yusuf Ali was not prosecuted because investigators could not verify his identity and address.
-HIS