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NRBC Bank's Hungry Top Managers: On October 24, 2016, the bank's board held its 56th meeting. The four attendees were EC chairman Md Manzurul Islam, managing director Dewan Mujibur Rahman, and board members Farasath Ali and Loquit Ullah. The lunch at Kasturi Garden in Gulshan cost the bank Tk 41,091.
on March 24, 2017
The Anti-Corruption Commission (ACC) has interrogated the chairman of NRB Commercial Bank in connection to two graft allegations, reports bdnews24.com
Farasath Ali is accused of multiple corrupt practices in the bank, according to ACC.
“He has allegedly forged signatures of the board members to grant massive loans,” said ACC Deputy Director (Public Relations) Pranab Kumar Bhattacharya.
ACC Deputy Director Jahangir Alam questioned him at the ACC headquarters for an hour on Tuesday afternoon, said the official.
“Farasath did not invest in the bank, rather has embezzled funds of shareholders for himself and his family,” he told bdnews24.com.