Former MD of IBBL Monirul Moula arrested

Business Desk :

Detectives on Sunday night arrested former Managing Director (MD) of Islami Bank Bangladesh Limited (IBBL) Mohammad Monirul Moula from the capital’s Bashundhara Residential Area in connection with a corruption case.

Nasirul Islam, Joint Commissioner (South) of the Detective Branch (DB) of Dhaka Metropolitan Police (DMP), confirmed the arrest to the media, saying that DB personnel detained Moula around 11:45pm on Sunday.

He was later taken to the DB office on Minto Road.
The Anti-Corruption Commission (ACC) in December last year filed a graft case against 58 people, including S Alam’s family members, former IBBL MD Monirul Moula, and the bank’s former Chairman Ahsanul Alam, on charges of embezzling Taka 1,092 crore through loan fraud, reports BSS.
Moula was removed from his post by the bank’s board of directors for his alleged involvement in loan irregularities.