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Former chairman of Islami Bank sent to jail in Tk189 crore loan scam case

Former chairman of Islami Bank sent to jail in Tk189 crore loan scam case
Photo: COLLECTED

Online Desk

Published: 2025-11-19 19:36:30

A court here today sent Md Obayed Ullah Al Masud, former chairman of Islami Bank Bangladesh PLC, to jail in a case filed by the Anti-Corruption Commission (ACC) over a loan scam involving around Tk189 crore.

Dhaka Metropolitan Sessions Judge Md Sabbir Faiz passed the order after police produced him before the court. The investigation officer, ACC Deputy Director Mohammad Shah Jalal, submitted a petition seeking to keep him in jail until the completion of the investigation.

The anti-graft body filed the case on September 28, 2025, against 11 people, including the bank's former managing director, Syed Abdul Hamid, for allegedly embezzling Taka 189.80 crore by taking the amount as a loan from the bank's Asadganj Branch in Chattogram.

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