AB Bank ex-chairman, 2 others arrested

AB Bank ex-chairman, 2 others arrested

Dhaka, Jan 25 (Just News): The Anti-Corruption Commission (ACC) on Thursday arrested Arab-Bangladesh (AB) Bank's former chairman M Wahidul Haque and two others on charges of siphonig off money.

The two other arrested persons are chief of financial institution and treasury department of AB Bank, Abu Hena Mostafa Kamal and businessman Saiful Haque.

The three were picked up from different parts of the city, ACC deputy director (public relations) Pranab Kumar Bhattacharya said.

The anti-graft body earlier interrogated them for several times.

Saiful Haque is the son-in-law of AB Bank's first chairman and former foreign minister of the BNP-led government M Morshed Khan.

According to the ACC, AB Bank sent US$20 million equivalent to Tk 1.65 billion to a bank of the Middle East without required permission from Bangladesh Bank in 2014.

The ACC officials suspected that Saiful Haque and his associate UAE citizen Khurram Abdhullah were behind the process of siphoning off money by setting up off-shore entity.