The Detective Branch (DB) of Dhaka Metropolitan Police has submitted an investigation report to the court in the embezzlement case involving Far East Islami Life Insurance Company Limited. The report, filed on February 15, 2026, by investigating officer Shah Minhaj Uddin, accuses 24 individuals of misappropriating company funds. The case was originally filed on September 13, 2022, by the company’s legal officer Md. Jasim Uddin at Shahbagh Police Station against 14 people. Following a court directive, DB Police conducted the investigation.

During the investigation, one accused died in custody, and two others were cleared of charges due to lack of evidence. However, 13 new individuals were added as accused, bringing the total to 24. The report alleges that the accused embezzled Tk 644.28 crore from the company’s bank deposits and misappropriated additional funds through land purchases and development projects.

The report also notes that the Anti-Corruption Commission has filed seven other cases against the group led by Nazrul and Hemayet, indicating broader financial irregularities under investigation.