Ex-MD of Rupali Bank, five others barred from foreign travel

Bangla Press Desk:   A Dhaka court on Wednesday imposed a travel ban on former managing director (MD) of Rupali Bank PLC Obayed Ullah Al-Masud along with 5 others over graft and money laundering charges.

Dhaka Metropolitan Senior Special Judge Sabbir Faiz passed the order, following two separate petitions submitted by the Anti-Corruption Commission (ACC).

The other people who face travel ban are-- Obayed Ullah's wife Marjina Begum, also known as Munmun Masud; sons Junayed Julkar Nayen Tian and Junnun Safoan; daughter Tasmia Tarannum Naomi; and Kazi Hasaan Sharif, managing director of Alliant Energy Solutions (BD) Ltd.

The petition regarding Obayed Ullah Al Masud and his family states that Obayed, while in office, approved bank loans and used that for personal purposes, particularly for financing his son’s education abroad.

The petition also alleged that Obayed and his associates deposited cash into his and his related bank accounts after receiving it from third parties, accepted funds from unknown sources through clearing, and transferred money to non-operational business entities—which is a clear example of money laundering.

The ACC seeks a travel ban for him and his other family members, as his two children have already left the country, and there are concerns that they might also attempt to flee abroad.

The ACC petition regarding Hassan Sharif states that an inquiry is underway against him over allegations of illegally transferring about Tk2,000 crore abroad. A travel ban on him is needed for a fair inquiry.

BP/TD