Manager Caught After Embezzling Millions from Bank Accounts
Alamgir Hossain, the manager of the Ansar-VDP Development Bank’s Senbagh and Datterhat branches in Noakhali, has been arrested for embezzling more than 10 crore taka. Hossain had been on the run after fraudulently issuing loans under fictitious names and documents, then fleeing with the stolen money.
The manager was arrested by the Rapid Action Battalion (RAB) from a house in Chattogram at approximately 9:30 PM on Saturday, 29th November. He was transferred to the Noakhali office of the Anti-Corruption Commission (ACC) at 10:30 AM on Sunday, 30th November.
Fraudulent Loan Scheme Exposed
Hossain exploited the bank’s loan procedures by using fake identities to create non-existent borrowers. He employed counterfeit National ID cards and mobile numbers to withdraw loans in the names of fictitious individuals, stealing over 10 crore taka from the bank. After realising the fraud, he went into hiding, but his activities were soon uncovered.
An investigation by the ACC Enforcement Unit on 20th October found clear evidence of the fraud. Further verification during the bank’s internal probe corroborated these findings. In light of the evidence, the ACC filed two separate cases against Hossain at the Noakhali Special Senior Judge’s Court.
Legal Proceedings and Further Investigation
The details of the fraud became public in October, with accusations that nearly 9 crore taka had been embezzled. Based on this, the ACC filed two cases against Hossain, who was eventually captured by RAB-11 in Chattogram.
Md Faruk Ahmed, the Deputy Director of the ACC Noakhali office, confirmed that two cases had been filed against Alamgir Hossain for embezzling more than 9 crore taka. After his arrest, he was handed over to the court for further legal action.
Md Sujon Mia, the Deputy Director and District Commandant of Bangladesh Ansar and Village Defence Force in Noakhali, reported that Hossain had fraudulently taken money by showing loans under the names of various members of the Ansar force. This information came to light through both the internal investigation at the bank and the ongoing probe by the ACC.
| Allegation | Details |
|---|---|
| Fraudulent Loans | Loans taken out in the names of non-existent borrowers |
| Amount Stolen | Over 9 crore taka |
| Arrest Location | Chattogram |
| Cases Filed | Two separate cases filed by the ACC |
| Method of Fraud | Use of fake National ID cards and mobile numbers |
This incident underscores the need for tighter security measures within financial institutions and highlights the scale of corruption within the banking sector.