BIFC ex-chairman Abdul Mannan gets bail in graft case

A Dhaka court has granted bail to Major (retd) Abdul Mannan, former chairman of Bangladesh Industrial Finance Company Limited (BIFC), in a case filed by the Anti-Corruption Commission (ACC).

Judge of Metropolitan Senior Special Judge's Court in Dhaka Ash-Shams Jaglul Hossain passed the order on Sunday.

Earlier on Thursday, the same court sent Major (retd) Abdul Mannan and five others to jail in the case.

Five other accused are ANM Jahangir Alam, Enamur Rahman, Syed Fakre Faysal, AKM Mohiuddin Ahmed and Rois Uddin Ahmed. They all are former directors of the company.

The judge, however, granted bail to BIFC former Managing Director Md Mahmud Malik and its director Rokeya Sultana after they surrendered before it in the same case.

On December 18, 2022, ACC Deputy Director Abdul Majed filed the case with its integrated district office in Dhaka-1 against 12 people, including Major Adbul Mannan, on charge of embezzling Tk80 million from the BIFC.

According to sources, the BIFC chairman, directors and officials in collusion with each other distributed Tk80 million as a loan to Aminur Rahman, the owner of Telecom Service Enterprise, without a security deposit and mortgage. Later, they transferred the money to different bank accounts.