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How corruption is organized
ACC official Syed Iqbal Hossain, the plaintiff in the case, told the court how the corruption was organized. On November 8, 2016, defendants Niranjan Chandra Saha and Shahjahan opened two checking accounts at the Gulshan branch of then The Farmers Bank (now Padma Bank). The next day, a loan of Tk 4 crore was requested against two separate accounts. The address of a house in Uttara is used as the address in the loan application. The owner of that house is SK Sinha. Then-The Farmers Bank officials Ziauddin Ahmed, Safiuddin Askari and Lutful Haque, the defendants in the case, prepared the unverified loan proposal and selected the loan application without following any bank policy. They signed it themselves. In Assam, Ziauddin Ahmed took the loan proposal to the bank’s headquarters.
The ACC official said that Swapan Kumar Roy, a head office official of The Farmers Bank Limited, submitted the two loan proposals in the form of notes for approval without any scrutiny. Take it to Gazi Salauddin at the bank’s credit branch.
He also took the document to the then managing director of AKM Shamim bank without any verification. According to the bank’s credit policy, the bank’s managing director was not empowered to approve such loans, but he did approve the loan in an illegal process. The following day, November 8, 2016, at the request of defendants Shahjahan and Niranjan Saha, a payment order was issued in the name of SK Sinha. On November 9 of that year, Sonali Bank deposited Tk 4 crore at the Supreme Court branch as SK Sinha’s bank.
ACC official Syed Iqbal Hossain further told the court that after the money was deposited in the Supreme Court branch of Sonali Bank, SK Sinha withdrew the money at different times and handed it over. On November 26 of that year, SK Sinha transferred Tk 1.49 crore and Tk 74 lakh to his brother’s Uttara branch of Shahjalal Bank via two checks. That money was also transferred later. Ranjit Chandra Saha, the defendant in the case, arranged the approval of the bogus loan by mentioning the bank’s own SK Sinha name when approving the loan proposal. Loan applicant Niranjan Chandra Saha is the nephew of the defendant Ranjit Chandra Saha. Another loan applicant is Shahjahan Ranjit’s childhood friend Chandra Saha. Defendants Shahjahan and Niranjan Chandra Saha are poor and miserable, they are not businessmen.
