The Anti-Corruption Commission (ACC) on Monday filed a case against five individuals on charges of embezzling Tk 2 crore 55 lakh from Standard Asiatic Oil Company Limited, a subsidiary of Bangladesh Petroleum Corporation (BPC).
The case was filed at the ACC’s Chattogram Integrated District Office by Deputy Director (Money Laundering) Md Jahangir Alam.
The accused are Abdullah Al Mamun, an HR officer of Standard Asiatic Oil Company Limited; Mohammad Mahmudul Haque, deputy manager (accounts) and depot in-charge of the company; businessman Mohammad Gias Uddin Gias; Md Sohel Rana, proprietor of Azhar Telecom; and Md Masud Mia, proprietor of Messrs Medina Quality.
According to the case statement, the accused, with dishonest intent, abused their power and, in collusion with one another, siphoned off the money from the accounts of the state-owned company through various means.
BPCS Consortium signs SLTE agreement with Nokia
Analysis of the relevant documents and information revealed that, in addition to embezzling funds from the state-owned entity, the accused were also involved in money laundering by transferring and converting the misappropriated funds.
The case has been filed under Section 409 of the Penal Code, 1860; Section 5(2) of the Prevention of Corruption Act, 1947; and Sections 4(2) and 4(3) of the Money Laundering Prevention Act, 2012.