Former President Sahabuddin Chuppu has been named as an accused in a case over the acquisition of Tk251 crore in shares of Islami Bank Bangladesh PLC. Senior officer Md Abdus Samad of Islami Bank’s principal branch filed the case at the Dhaka Metropolitan Senior Special Judge’s Court on September 4, 2025. The complaint identifies him as Islami Bank director Md Shahabuddin, the 12th accused, and alleges he was selected as a director through collusion involving S Alam and Abdul Wahed.

Complainant Abdus Samad said the accused named in the complaint is former President Sahabuddin Chuppu. His identity had caused uncertainty among court officials and lawyers. Complainant-side lawyer Abdul Quddus said he filed the case using a list supplied by bank authorities and did not know whether the 12th accused was the former president. Nineteen other people are also accused in the case.

The complaint alleges that Brilliant Business Company Limited acquired 77,536,393 shares, or 4.8160 percent of Islami Bank’s total shares, valued at Tk251 crore. It says the company had paid-up capital of only Tk800,000. The Anti-Corruption Commission is investigating; after it failed to submit its report on June 23, the court set August 11 as the next reporting date.