Travel embargo imposed on 4 Premier Bank officials

A Dhaka court on Sunday imposed a travel embargo against four officials of Premier Bank Limited in a case lodged for embezzling around Tk 3,000 crore after granting the money as a loan against the names of non-existent companies.

The four accused are-- Md Shahid Hasan Mallik, Mushfikul Alam, Dipak Kumar Debnath and Mohammad Mehedi Hasan Sarkar.

The court of Senior Special Judge Mohammad Ash Shams Zaglul Hossain passed the order, allowing a plea from the Anti-Corruption Commission (ACC).

According to the case documents, the accused allegedly embezzled and laundered the money after approving those as loans against 43 non-existent garment factories.

The ACC in their plea said they are investigating the allegations and learned the accused are planning to flee abroad to evade justice.