The Anti-Corruption Commission (ACC) has filed a case against 30 individuals, including Farzana Parveen, wife of S. Alam Group Chairman Saiful Alam Masud, over the alleged misappropriation of Tk 950 crore from Islami Bank Bangladesh Ltd. through fake invoices.

ACC Assistant Director Asaduzzaman lodged the case with the commission’s Dhaka-1 office on Wednesday.

ACC Director General Md Akhter Hossain confirmed the matter.

According to the case statement, the accused, acting in collusion, embezzled the funds by creating fake trade documents without any actual import or export of goods. The scam reportedly took place over a period of several months and involved the abuse of banking channels for fraudulent trade financing.

The list of accused includes several high-ranking business figures and bank officials.

They are Md Shariful Islam, Chairman of Market Master Analyzer (a Nabil Group affiliate), Md Shah Alam, Managing Director of Nabil Group, Mohammad Munirul Maola, former Managing Director of Islami Bank, Mohammad Kaiser Ali, Deputy Managing Director (DMD), Md Siddiqur Rahman, EVP and former Branch Manager, Md Mojahidul Islam, AVP and former Operations Manager, Md Zahurul Haque, former Foreign Exchange In-Charge, Abdul Kaiyum, FAVP, Mahmudur Rahman, DMD, Special Investment Wing, Nazmul Huda Siraji, former SVP, Md Alamgir Hossain, FAVP, Dhaka Central Zone, Md Kamruzzaman, AVP, CID-1, Mamtazuddin Chowdhury, Deputy Principal Officer
Miftah Uddin, Executive Vice President and Shahidul Alam, MD, S. Alam Vegetable Oil.The ACC alleges that the group used forged bills and trade documents to extract a staggering amount of money from Islami Bank, violating banking regulations and committing financial fraud on a large scale.

The case has drawn significant public attention due to the involvement of prominent corporate and banking figures. ACC officials say a detailed investigation is underway, and further action will be taken based on the findings.