CHITTAGONG: The Anti Corruption Commission (ACC) has arrested two businessmen on charge of their alleged involvement in embezzlement of Tk 39 crore from Premier Bank Ltd in Chittagong.

They were arrested from Zakir Hossain Road in Chittagong city on Monday night (February 20) and produced before court on Tuesday. 

The arrestees are Md Shah Alam, owner of Aiman Enterprise in Sadarghat area of Chittagong and his son SM Parvez Alam, managing director of the company. 

ACC district office deputy-director Lutfur Kabir Chandan told Banglanews that Shah Alam took Tk 39,68,14,000 from Premier Bank Ltd Khatunganj branch by placing 112.97 percent of family owned land into mortgage using fake signs of his three brothers. He did not pay back the debt. 

ACC deputy director HM Akhteruzzaman filed a graft case against Shah Alam and his son for misappropriating Bank loan on Monday night. 

BDST: 1430 HRS, FEB 20, 2018
AP