Dhaka, 29 December 2025 – The Anti-Corruption Commission (ACC) has arrested Mohammad Obayed Ullah Al Masud, former General Manager (GM) of Agrani Bank, on allegations of embezzling hundreds of crores of taka from the state-owned bank. Masud has been named as a defendant in a case involving the misappropriation of substantial sums of money.
The arrest took place on the morning of Wednesday, 19 November 2025, at Masud’s residence in Dhanmondi, Dhaka, with assistance from local police. The ACC’s Deputy Director, Aktarul Islam, confirmed the detention.
Masud, who previously held the position of Chairman of Islami Bank, is also facing multiple allegations of corruption and misconduct during his tenure there. The ACC initiated an investigation into these irregularities on 9 October 2025, scrutinising his conduct and financial dealings at Islami Bank.
In addition to previous allegations, Masud is accused of embezzling nearly BDT 190 crore from Agrani Bank. On 28 September 2025, the ACC filed a case claiming that Masud, in collusion with others, misappropriated BDT 51 crore through the Trust Receipt (TR) loan distribution at Agrani Bank’s Ashadganj branch in Chattogram. With interest and penalties applied, the total misappropriated amount is now estimated at BDT 189.8 crore.
Masud had served as General Manager of Agrani Bank’s Dhaka Circle-2 prior to his arrest. The ACC has confirmed that investigations into the case are ongoing, and further scrutiny of financial records and institutional processes is underway.
The commission has stated that Masud will remain in custody until the conclusion of the investigation and trial. They have requested that the relevant authorities send him to the Senior Special Judge’s Court in Chattogram to continue legal proceedings.
Key Allegations Against Masud:
| Allegation | Details |
|---|---|
| Embezzlement at Agrani Bank | BDT 189.8 crore, including interest and penalties |
| Misappropriation through TR loans | BDT 51 crore from Ashadganj branch, Chattogram |
| Corruption and misconduct at Islami Bank | Under ACC investigation since 9 October 2025 |
| Previous Positions | GM, Agrani Bank Dhaka Circle-2; Former Chairman, Islami Bank |
The ACC emphasised its commitment to pursuing accountability and transparency within Bangladesh’s banking sector, signalling that no individual, regardless of rank or previous standing, is above the law.