A Dhaka court today(November 16) has sentenced six people, including Chinese national, to various terms of imprisonment for embezzlement through forgery and fraud.
The court sentenced the Chinese national Yang Wang Chung, the chairman of The Sinfa Knitters Limited, and managing director Khashru Al-Rahman were sentenced to 13 years, directors of The Sinfa Knitters Limited Mansrul Haque and Md. Golam Mustafa to 10 years in prison. They all are fugitive.
Judge Iqbal Hossain of Dhaka Special Judge Court-5 handed over the verdict on Wednesday.
Besides, the then Senior Vice President (Export) of National Bank’s Dilkusha branch, Abdul Wadud Khan and the then Executive Vice President Shahabuddin Chowdhury were sentenced to six years in prison along with a fine of Tk 50,000 and another three months without arrears.
Earlier, Dhaka Special Judge Court-5 Judge Iqbal Hossain fixed October 26 for handing over the verdict of the case. As the verdict was not ready, the judge fixed November 16 as the new date for the verdict.
According to the complaint in the case, the accused in connivance with each other created a fake document through fraud and forgery and mortgaged it to the bank as “genuine”. For a long time, they conducted business with the assurance of opening back-to-back LC from the bank.
However, they did not pay Tk 2,59,40,148 of the bank’s debt and the bank cannot recover their money by selling the mortgaged land accepted with forged documents. The real owner of the land was also harassed.
ACC Deputy Director Jahangir Hossain filed the case with Motijheel police station on January 17, 2017. The same officer investigated the case and filed a chargesheet on June 24, 2018, accusing six persons.
On September 18, 2019, the court framed charges against them.