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Vault Scam

Dhaka Bank official gets 20yrs jail

A Dhaka court has sentenced a cash-in-charge of Dhaka Bank’s Bangshal branch to 20 years in prison for embezzling Tk3.77 crore from the bank’s vault.

Dhaka Special Judge Court-6 Judge Md Ibrahim Mia delivered the verdict on Thursday (November 12).
The court also imposed fines totalling Tk3.81 crore on Md Rifat-ul Haque, a senior officer of the bank. Fakir Md Zahidul Islam, bench assistant of the court, confirmed the verdict.

According to the verdict, Rifat was sentenced to 10 years of rigorous imprisonment and fined Tk3 crore 77 lakh 66 thousand for criminal breach of trust. The court ordered that the fine be paid to Dhaka Bank as compensation. He will serve an additional year in jail if he fails to pay the fine.

He was also sentenced to five years in prison and fined Tk2 lakh for fraud, with an additional year of simple imprisonment in default of payment. For criminal misconduct under the Prevention of Corruption Act, he received another five-year prison term and a Tk2 lakh fine, with a further year in jail if he fails to pay.

The court ordered the substantive prison terms to run consecutively, bringing the total sentence to 20 years. However, time already spent in custody during the investigation and trial will be deducted from the sentence.

After pronouncing the verdict, the court ordered that Rifat be sent to jail with a conviction warrant.