Economy Desk: The Anti-Corruption Commission (ACC) has filed a case against the former Managing Director (MD) of United Commercial Bank Limited (UCBL), Shahjahan Bhuiyan, and Bogra businessman Sameer Prasad Dutta for embezzlement of Tk 110 crore. Yesterday, Assistant Director of ACC Head Office Abul Kalam Azad filed this case in the Bogra district office of ACC as plaintiff.
It is alleged in the case that in February 2010, Sameer Prasad Dutta, owner of M/s Dutta Traders, Rajabazar, Bogra, applied for a loan of 36 crores from the United Commercial Bank Bogra branch and 35 crores from the National Bank Bogra branch. Later, Sameer Prasad Dutt applied for a loan of 49 crores from United Commercial Bank, showing 559 percent land in Bogra and a balance of 16 crores in National Bank. The application was made by the then-managing director of the bank. According to Shajahan Bhuiyan, credit in charge of the Bogra branch is Dos Mohammad, branch manager. Mizanul Islam and branch relationship officers prepared inspection reports and credit reports. Later, Rs. 49 crore was paid to the borrower. Later, in just three months, he increased the loan limit from Tk 49 crore to Tk 58 crore by keeping an equivalent amount of Tk 13 crore as auxiliary collateral without disregarding any lending rules.
Thereafter, when the borrower failed to pay the loan within six months, Sameer Prasad Dutt became the defaulter in payment of the loan. An application was made for enhancement of the arrears facility granted in favor of M/s Dutt Traders. The accused, Shahjahan Bhuiyan, arranged for its approval. Later, during the audit of the UCBL Bogra branch of Bangladesh Bank, when the delinquency of M/s Datta Traders came to the attention of the audit team, it was ordered to take the necessary action against him.
