Dr. Abul Barkat, former chairman of Janata Bank and an economist, was arrested by Dhaka’s Detective Branch last night from Dhanmondi. He faces charges filed by the Anti-Corruption Commission related to financial irregularities during his tenure from 2009 to 2014. Allegations claim political influence and management collusion led to the bank’s large-scale embezzlement, which contributed to its decline. The late Finance Minister once criticized Barkat for damaging the bank’s reputation. Barkat also served as the chairman of Dhaka University’s Economics Department.