Ex-BGMEA president, six others sued over Tk118cr embezzlement

The Anti-Corruption Commission (ACC) has filed a case against seven individuals, including former BGMEA president Mostafa Golam Quddus for embezzling over Tk188 crore.

ACC Public Relations Officer Akhtarul Islam confirmed the matter.

ACC Assistant Director Rakibul Hayat filed the case with the Integrated District Office, Dhaka-1, on Thursday.

The other accused are--Mostafa Golam Quddus's daughter Fouzia Kamrun Tania, his son Mostafa Kamrus Sobhan, Director Shafia Sobhan Chowdhury, his daughter Tasnia Kamrun Onika, Fazlutunnesa, Director of Sonali Life Insurance Company Limited and wife of Mostafa Golam Quddus, Director Noor-e-Hafza, and Mir Rashed Bin Aman, the former CFO and acting CEO of Sonali Life Insurance Company Limited.

According to the case statement, the individuals, with the intent to gain financial benefit unlawfully, assumed key positions within the company.


In the primary investigation, the ACC found that they allegedly colluded to commit fraud and forgery, creating false agreements and committing a criminal breach of trust. Through this mechanism, they withdrew Tk1,878,415,966 from the company’s funds over various periods.

They allegedly transferred and converted these funds into personal assets and accounts through various layering processes, added the case statement.