Bangladesh ACC charges six in Tk 13.71 crore insurance embezzlement scandal

A shocking financial fraud rocks Bangladesh's insurance sector. Investigators reveal how millions were diverted—even spent on trendy online platforms.

, and Administrator

2026 March 5 . 9:09 AM

1 min read

The image shows a poster with a map of Bangladesh, highlighting its historical significance. The... — The image shows a poster with a map of Bangladesh, highlighting its historical significance. The map is detailed, showing the various cities, rivers, and other geographical features of the country. The text on the poster provides additional information about the map, such as its population, religion, and culture.

Bangladesh ACC charges six in Tk 13.71 crore insurance embezzlement scandal

The Anti-Corruption Commission (ACC) in Bangladesh has filed a case against six individuals for embezzling over Tk 13.71 crore. The accused include the former chairman and managing director of Fareast Islami Life Insurance Company Limited. They face charges under multiple laws, including the Prevention of Corruption Act and the Money Laundering Prevention Act.

The alleged embezzlement took place between January 1 and December 31, with the accused using the funds for personal gain, including purchases on Facebook Marketplace and Casetify.

The case highlights serious financial irregularities within the organisation. The accused now face legal proceedings under strict anti-corruption and money laundering laws. The ACC continues to probe the matter for additional suspects.