(BSS) - The Anti-Corruption Commission (ACC) today filed a case against Salman F Rahman, former adviser for private sector industries and investment affairs to the former prime minister Sheikh Hasina, Shibly Rubayet-ul-Islam, former chairman of Bangladesh Securities and Exchange Commission (BSEC) and 28 others for misappropriation of Taka 1000 crore and laundering of money.

ACC Assistant Director (AD) of the Special Investigation Team-2, after getting approval from the commission, filed the case, ACC official said at a regular press briefing at the commission’s headquarters here.

According to the case, the accused persons led by Salman F Rahman, also the former chairman of IFIC Bank, in connivance with others, collected Taka 1000 crore by using the IFIC Bank and other financial institutions through unusual valuation of the mortgaged properties against an artificial company named ‘Sripur Township Limited (STL).

They realized Taka 1020 crore from various investors through bonds by overvaluation of a land, though its exact value was only Taka 87 crore, the Investigation Officer (IO) said, adding that they later deposited the collected money to a current account of STL. From the deposited money, they later, fixed Taka 200 crore and transferred the rest Taka 800 crore to the accounts of different institutions and Beximco Engineering Limited under the Beximco Group.

They also laundered the money through suspected transactions by transferring and enchasing it by defying banking rules, the IO said, adding that the accused persons violated section 409/420/467/468/471/477(ka) and 109 of Bangladesh Penal Code, section 5(2) of Corruption Prevention Act-1947 and section 4 of the Anti-Money Laundering Act-2018.

The other prominent accused of the case are former vice-chairman of the IFIC Bank Ahmed Shayan Fazlur Rahman, its former managing director Md Shah Alam Sarwar, director of STL, Chief Executive Officer of Sandhani Life Insurance Company Limited and other senior officers of the bank.

The IO said that they found the genuineness of the allegations during the investigation and further legal actions will be taken after completion of the investigation.