Friday, 25th June 2021

Hilful Fuzul chairman and 2 others prosecuted by ACC over IDCOL fund embezzlement

Dhaka, Oct 15 (BAN/ AD): In a case related to IDCOL fund embezzlement the Anti-Corruption Commission or ACC has charged 3 persons including chairman of Hilful Fuzul Social Welfare Organisation under money laundering charges. They will be tried for embezzling Tk 1.5 billion of state-owned financing institution IDCOL.

On Monday case was filed by ACC Deputy Director Mirza Jahidul Alam with the ACC’s coordinated district office Dhaka-1. This was confirmed by Pranab Kumar Bhattacharya, the spokesman for the anti-graft body.

The suspects are Chairman of Hilful Fuzul Social Welfare Organisation Md Rafiqul Islam, so-called Acting Chairman Kabir Ahmed Talukder and Chief Executive Officer Nurul Haque Biswas. They had contracted with Infrastructure Development Company Limited or IDCOL on behalf of the organisation and took over Tk 1.33 billion in loan. The amount increased to more than Tk 1.49 billion, including interest, according to the case.

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