The Anti‑Corruption Commission (ACC) has arrested Mohammad Firoz Hossain, former managing director (MD) and CEO of EXIM Bank, for his alleged involvement in Tk857 crore embezzlement.

A team led by ACC Assistant Director Shahjahan Miraj arrested him from the capitals' Segunbagicha this afternoon, Akhtarul Islam, ACC deputy director, confirmed the matter to The Business Standard today (6 November).

He was taken into custody and produced before the court, where Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz sent him to jail after rejecting his bail.

"After producing Firoz to the court, defence lawyers sought bail for him, which the prosecution opposed. After hearing both sides, the court rejected the bail plea and sent him to jail," ACC prosecutor Delwar Jahan Rumi said.

Earlier, the Detective Branch of Dhaka Metropolitan Police (DMP) arrested Nazrul Islam Majumder, chairman of Nassa Group, in the same case from the capital's Gulshan area on 1 October 2024.

On 17 August, ACC Assistant Director Shahjahan Miraj filed a case against former EXIM Bank chairman Nazrul Islam Majumder and 21 others, accusing them of embezzling and laundering Tk857.93 crore through loan approvals by abusing power.

money embezzlement / Anti Corruption Comission (ACC) / EXIM Bank MD