A Dhaka court on Thursday sentenced a former official of Dhaka Bank to 20 years' rigorous imprisonment for embezzling Tk 3.77 crore from the bank's vault. The court also acquitted former operations manager Emran Ahmed in the same case.

Court Order and Compensation

The court ordered the convicted official to repay the full embezzled amount to Dhaka Bank as compensation. The verdict was delivered in a crowded courtroom, with lawyers from both sides and case stakeholders present.

Case Background

The embezzlement came to light during an internal audit of the bank, following which a case was filed. After investigation, a charge sheet was submitted to the court. Following a lengthy trial and examination of witnesses, the court delivered its judgment. Emran Ahmed was acquitted as the charges against him were not proven beyond a reasonable doubt.

Legal Reactions

Prosecution lawyers welcomed the verdict, stating it sends a strong message against financial crimes in the banking sector. Meanwhile, the defense counsel for the convicted official indicated plans to appeal the decision in a higher court. Bank authorities have not issued an immediate response to the verdict.