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Oriental Bank's 5 ex-officials get jail

Staff Reporter |
Inserted: 16:06, Tuesday 17 April 2018 || Updated: 16:13, Wednesday 18 April 2018

Oriental Bank's 5 ex-officials get jail - Business

Dhaka: Two former officials, including senior vice president, of Oriental Bank Limited were awarded jail for 68 years while three others for 17 years in four corruption cases.

Judge Md Akhteruzzaman of the Special Judges Court-5 of Dhaka handed down the verdict after examining the records and witnesses of the cases.

Shah Md Harun, a former senior vice president of Oriental Bank, is among the convicts. As all the convicts have been shown fugitive, the punishment will be effective from the day of their arrest or surrender.

The private bank was hit by scams in 2005-06. In 2006, Bangladesh Bank took over the bank and appointed an administrator.

Later, the bank was sold to a Malaysia-based business group and renamed as ICB Islamic Bank in 2009.

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