ACC to file two cases against five including ex-PDBF MD over Tk 24.71 crore loss
The Anti-Corruption Commission (ACC) has decided to file two cases against five senior officials, including former managing director Mahbubur Rahman of the Palli Daridro Bimochon Foundation (PDBF), over allegations that they caused the government a loss of more than Tk 24.5 crore by investing public money in defiance of board decisions.
ACC Secretary Md Saidur Rahman Khan confirmed on Monday (9 November) that the commission approved the filing of the two cases at its headquarters.
According to ACC sources, the cases allege that government funds were invested in an institution with inadequate financial capacity, in violation of board meeting decisions, causing the state a financial loss of about Tk 24 crore 71 lakh.
The first approved case alleges a loss of Tk 1,01,84,120 of government money.
The accused in that case are former PDBF managing director Mahbubur Rahman, former director (finance) Madan Mohan Saha, former joint director (finance) Shahidul Haque Khan and former assistant director Md Ataur Hossain.
They are accused of investing government money in a financially incapable institution in defiance of the PDBF board's decision, and of benefiting themselves in the process.
The second case alleges a financial loss of Tk 23,69,30,111.
Its accused are former PDBF managing director Madan Mohan Saha, former joint director (finance) Shahidul Haque Khan and former deputy director Ruby Khatun.
The allegation in the second case is the same — that state funds were invested in an institution lacking adequate financial capacity against the board's decision, harming the state. ACC sources said the allegation of loss has been established in the preliminary inquiry.
In both cases, charges are being brought under sections 409 and 109 of the Penal Code and section 5(2) of the Prevention of Corruption Act, 1947.
Five people in total are being accused across the two cases. Madan Mohan Saha and Shahidul Haque Khan are accused in both. With the commission's approval in place, the filing of the two cases will now proceed, ACC sources said.
