The Anti-Corruption Commission (ACC) has filed seven separate cases accusing 93 individuals of embezzling at least Tk 47 crore from various branches of United Commercial Bank (UCB) PLC. The cases were lodged on Sunday at the ACC’s Chattogram-1 integrated district office. According to the case reports, fake identities of rural farmers, day laborers, and tailors were used to open current accounts and secure loans under the names of non-existent companies such as Hossain Trading, Karnaphuli Emporium, Zahid International, Cat’s Eye Corporation, Shah Trading, Harun & Sons, and Mallik & Brothers.

Investigations revealed that former top UCB officials, branch managers, and credit operations staff were directly involved in the scheme. The fraudulent loans were approved using forged trade licenses, fake documents, and fabricated verification reports prepared by an organized group. The funds were later transferred across accounts and withdrawn in cash. The ACC report also named former UCB director and executive committee chairman Anisuzzaman Chowdhury Rony and former director Bashir Ahmed as directly linked to the scam.

The ACC stated that similar embezzlement cases had been filed earlier and several related investigations remain ongoing.