Mercantile Bank-Orion Group loan fraud: ACC files case against 13 - News Summed Up

Mercantile Bank-Orion Group loan fraud: ACC files case against 13


DHAKA, Jan 08, 2026 (BSS) - The ACC today filed a case against 13 people, including Orion Group Chairman Mohammad Obaidul Karim, for embezzling Taka 507,51, 41,341 through “loan fraud" involving Mercantile Bank Limited. Director General of the Anti-Corruption Commission (ACC) Md. The principal accused of the case includes - Orion Group Chairman Mohammad Obaidul Karim, its Managing Director and Chief Executive Officer (CEO) Salman Obaidul Karim, former Managing Director and CEO of Mercantile Bank Limited Md. Kamrul Islam Chowdhury, current Managing Director of the bank Matiul Hasan, former Deputy Managing Director (DMD) and branch manager Gaus-ul-Wara Mortaza, former Vice President and Credit In-Charge Pratap Kumar Deshmukh, former Vice President and Manager (Operations) Md. The ACC investigation found that the accused had colluded to approve a loan against insufficient collateral.


Source: Bangladesh Sangbad Sangstha January 08, 2026 19:58 UTC



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