Loan fraud, embezzlement: Ex-CJ SK Sinha, 10 others indicted

A Dhaka court has opened the trial of former chief justice SK Sinha and 10 others on charges of loan fraud and embezzlement of Tk 40 million from the Farmers Bank.

Judge Shaikh Nazmul Alam of the Special Judge Court-4 of Dhaka framed the charges on Thursday.

The court also issued arrest warrants against 8 accused, includign SK Sinha, as they have been shown fugitives in the charge sheet.
The court fixed August 18 to start trial of the case.

On December 10 last year, the Anti-Corruption Commission pressed charges against the 11 persons in connection with the case.

In October 2018, ACC Chairman Iqbal Mahmood said the commission had found ‘evidence’ of fraud involving transactions of Tk 40 million borrowed by two so-called businessmen, Shahjahan and Niranjan, from Farmers Bank.

The national antigraft agency later launched an investigation into allegations that the fund was deposited in Sinha’s bank account, credited as the proceeds of the sale of his house.

Sinha came under fire from the ruling Awami League over the verdict on the 16th amendment to the constitution and left the country on leave in October, 2017.

Later, he became the first chief justice of the country to quit when he submitted his resignation from overseas, 81 days before the end of his term.

After his resignation, the Supreme Court said in a rare statement that Sinha had been facing 11 specific charges, including corruption, money laundering, financial irregularities and moral blunder.

The government has appealed for a review of the verdict cancelling the 16th constitutional amendment, which allows the MPs to remove any top judge on the grounds of incompetency or misconduct.