A Bogura court has directed the Anti-Corruption Commission (ACC) to take immediate action against seven individuals, including Islami Bank PLC’s senior officials and Afaco Cold Storage Limited chairman Mahmudur Rahman Mannan, over allegations of loan rescheduling fraud worth Tk 380 million. The order was issued by Senior Special Judge Shahjahan Kabir following a case filed on December 11 by a local resident, accusing the defendants of falsifying board meeting attendance and signatures to secure loan rescheduling.

According to court and bank sources, Afaco Cold Storage, located in Shibganj, Bogura, received a Tk 220 million loan in 2010, which has grown to Tk 380.4 million with interest. Despite being a profitable enterprise, the company allegedly delayed repayments and benefited from six rescheduling approvals. The accused include Islami Bank’s chairman Dr. M. Zubaidur Rahman and managing director Omar Faruk Khan. ACC’s Bogura office confirmed receipt of the court order and said an investigation is underway.

The case highlights ongoing scrutiny of loan irregularities in Bangladesh’s banking sector, with the ACC expected to intensify its probe into potential policy violations and document forgery.