‘Laundering’ Tk 3,000cr: Court issues travel ban on Premier Bank AMD, 3 officials

A Dhaka court has issued a travel ban on four Premier Bank PLC officials, including Additional Managing Director Md Shahid Hassan Mallik, in connection with allegations of laundering about Tk 3,000 crore through fake loans to 43 suspicious garment export institutions. The ban was issued following a request from the Anti-Corruption Commission’s inquiry officer. The court directed police to inform immigration authorities to prevent the officials from leaving the country. The ACC is investigating the money laundering allegations with a three-member .Daily Star