Primary investigation found that two shell companies—Meghmala International Ltd in the name of Israt Jahan Mim and Meghmala Estate Ltd in the name of Morsalin Islam Sourdip—were established. Through these entities, loans of Tk200 million each, totaling Tk400 million, were taken from the Gulshan branch of First Security Islami Bank PLC in 2012 through fraud and forgery. The loan amount obtained through the fake companies was deposited in an account of Morsalin Islam Sourdip at the Dhanmondi branch of First Security Islami Bank PLC. Later, Tk400 million was debited from that account and deposited into another account titled “Union Bank (Proposed)” at the Banasree branch of First Security Islami Bank PLC. CID’s investigation further found that Morsalin Islam Sourdip purchased sponsor shares of Union Bank PLC during its inception using the fraudulently obtained loan money.

Source: Dhaka Tribune March 06, 2026 08:23 UTC