Aziz Co-Operative chairman sent to Jail
February 13, 2024
Category: ব্লগ
Aziz Co-Operative chairman sent to Jail
Court Correspondent | Published: 00:45, Jul 17,2019
A Dhaka Court on Tuesday sent the chairman Aziz Co-operative Commerce and Finances Credit Society to jail in a money laundering case.
The Criminal Investigation Department filed a case against Aziz Co-operative Commerce and Finance Credit Society Limited chairman M Tajul Islam for allegedly embezzling Tk 300 crore of clients’ money.
After a one-day remand in custody, the police produced him before the court and the defence pleader filled a bail plea.
The CID police Investigation officer opposed the bail plea and prayed for keeping him in custody till the investigation concludes.
After hearing both the sides, metropolitan magistrate Tofazzal Hossain ordered to send Tajul to Jail rejecting the bail plea.
General recording officer of Bangshal police sub-inspector Helal Uddin confirmed the news to New Age. Earlier on July 14, metropolitan Magistrate Ashek Imam allowed him one day police remand.
On July 11, the Criminal Investigation Department of police has arrested him at Dhanmondi in Dhaka. The police accused him of misappropriating Tk300 core in the name of co-operative banking.
According to the case statement, the activities of Aziz Co-Operative Commerce and Finance Credit Society Limited started in 1984. The activities of this company were approved by Department of Cooperatives, which allowed it to open only 26 branches across the country. But the organisation managed to open 80 branches and get 11,425 subscribers.
CID officials said the 80 branch managers and officials of Aziz Co-Operative Commerce and Finance Credit Society collected more money from their customers in the name of more deposits. When the customers demanded the benefit of fixed deposits after their terms got over, they made false promises of giving them their dues.
Tajul Islam, officer Sajjadul Islam Tanvir and branch manager Md Zakir Chowdhury have been sued under Money Laundering Act.
Currently, Tajul Islam holds a green card of Canada and two of his sons, Farhadul Islam Shabbir and Riazul Islam Rizvi, have been living in Canada since 2011.
In October 2017, Tajul Islam, along with the current and 31 former members of the management committee of the organisation, was fined Tk 2.46 crore under Section 49 of the Cooperatives Act in keeping with the provisions of the Securities and Exchange Act. But the money has not been deposited in the treasury fund yet.
The Anti-Corruption Commission also has filed two cases in Bangshal and Ramna police stations against Tajul.
Referring to the accounts of the bank, the CID said Tajul Islam has transferred approximately Tk. 300 million in cash.
Later, the money was kept in the name of his wife, Afroza Parvin, and son, Sajjadul Islam Tanvir.
Link:http://www.newagebd.net/article/78755/articlelist/323/article/35972
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