The Anti-Corruption Commission on Thursday prosecuted former Bangladesh Garment Manufacturers and Exporters Association president and former Sonali Life Insurance Company Limited chair Mostafa Golam Quddus and seven directors of the company on charges of embezzlement of Tk聽188 crore.
The case was filed with its integrated district office in Dhaka by the commission鈥檚 assistant director Rakibul Hayat, said deputy director for public relations Aktarul Islam.
The others accused are six Sonali Life Insurance directors 鈥� Golam Quddus鈥檚 wife Fazlutunnessa, daughters Fauzia Kamrun Tania and Tasnia Kamrun Anika, son Mostafa Kamrus Sobhan, Sobhan鈥檚 wife Shafia Sobhan and Golam Quddus鈥檚聽 relative Chowdhury Noor-e-Hafza 鈥� Quddus鈥檚 daughter Fauzia Kamrun Tania鈥檚 husband and聽 the company鈥檚 chief executive officer Mir Rashed Bin Aman.
The case was filed against on charges of embezzling Tk聽187.84 crore from the funds of Sonali Life Insurance Company Limited.
Seven members of the same family took posts in of the Board of Directors and chief financial officer cum acting chief executive officer of the company, stated the complaint.
It stated that the accused also committed money laundering offence through transferring and converted the embezzled money through various ways.
Sonali Life Insurance Company Limited in 2018 decided to issue 1.05 core placement shares at the rate of Tk 10 per share among the entrepreneurial directors to increase the paid up capital of the company.
The company issued shares worth Tk 9.16 crore for Noor-e-Hafza who was director and first chair of the company, director Fauzia Kamrun Tania, Rupali Insurance Company director Shafia Sobhan Chowdhury and Quddus鈥檚 another son-in-law Sheikh Mohammad Daniel without any money.
Of the money, Quddus paid Tk 141.56 crore聽 of the Tk聽187.84 crore to companies owned by him in a well-planned way and he also embezzled Tk 2.24 crore showing as salary in the name of himself and his family members.
Apart from this, Quddus embezzled Tk 9.16 crore issuing shares to family members, Tk 7.85 crore for ERP maintenance, Tk 1.70 crore for illegal purchase of luxury Audi car, Tk 1.60 crore for paying extra dividend to family members, said the complaint.
Quddus also embezzled Tk 1.54 crore showing costs of his own treatment abroad, education of children, travel expenses, Tk 19 lakh took as commission from group insurance policy illegally, Tk 8.26 crore for illegal expenses in the name of IPO expenses, Tk 11.94 crore聽 in the name of office rent paid to for his聽 own company Dragon IT, Tk 1.72 crore for payment of utility bill of the whole building owned by his own company, Tk 13.75 lakh for tax payment of own company Dragon Sweater and Spinning Ltd.
