The government recently removed the managing director (MD) of Palli Sanchay Bank Sheikh Md. Jaminur Rahman for his alleged involvement in irregularities and corruptions. He was accused of embezzling big sum of money by adopting various corruption.
Though the government terminated Rahman, two of his close associates--Senior System Analyst Md. Shahed Alamgir and System Analyst Allama Mohammad Yahya Tanhar-- are still holding their posts despite the employees of Palli Sanchay Bank demanded their removal.
At was alleged the trio-- Md. Jaminur Rahman-- Md. Shahed Alamgir and System Analyst Allama Mohammad Yahya Tanhar—held the bank hostage after forming an unholy nexus. The South Asian Times on August 20 published a report focusing on their corrupt practices. Later, Bangladesh Bank formed a five-member probe body led by its additional director Sajjad Hossain.
Regarding the investigation, Sajjad told The South Asian Times, “We are currently probing the matter, and it has not yet been confirmed whether they are guilty or not. However, we are actively working to gather more information regarding their alleged corruption.”
Bank insiders said, Shahed Alamgir and Allama Mohammad Yahya Tanhar have made a graft syndicate inside the bank with the help of sacked managing director Md. Jaminur Rahman
They established their dominance in the state-owned specialized bank and got involved in many irregularities, using political ties with the ousted Awami League government. Rahman and his associates embezzled money of the bank by making unnecessary purchases at higher prices. They used to take bribe for transfer or promotion of officials, sources said.
The trio also used to tamper the answer sheets of job seekers after taking bribe. The MD did not sign any files (purchases) without commission. Moreover, they did big harm to banks’ fund and assets. Case trade and waiver of employees’ punishment in exchange of money are among their known misdeeds. Officials faced punishment transfer when they create obstacle on their corruption.
During the Awami League regime, the syndicate created terror in the banks by abusing their power. As a result, no one had the courage to raise voice against them. The officials and employees also feared that they might lose their jobs in case of protest.
A senior official of the bank told The South Asian Times, “The former MD went for unbridled corruption after getting all-out supports from Shahed Alamgir and Allama Mohammad Yahya Tanha.”
He alleged that the syndicate of former MD, Shahed Alamgir and Allama Mohammad Yahya Tanha embezzled crores of taka from the bank.
The interim government removed Sheikh Md. Jaminur Rahman following media reports. We are worried over the bank’s future as two of his close associates still remain ‘untouched’.
