A court in Dhaka has imposed travel restrictions on six administrators of North-South University (NSU) in a case filed by the Anti-Corruption Commission (ACC) for misappropriation of Tk 303.82 crore.
They are Azim Uddin Ahmed, Chairman of the Board, Amin Mohammad Hilali, Managing Director of Ashaloy Housing and Developers Limited and four board members MA Kashem, Benazir Ahmed, Rehana Rahman and Mohammad Shahjahan.
ACC Court Inspector Aminul Islam told the media that the court of Dhaka Senior Special Judge KM Imrul Kayes passed the order on Tuesday May 24 in response to a request from the anti-terrorism body. corruption.
Earlier on Sunday, the High Court rejected bail applications from four administrators of North-South University – Kashem, Benazir, Rehana and Shahjahan, who requested early bail to avoid be arrested in this case.
On May 5, ACC Deputy Principal Md Farid Ahmed Patwari filed suit against six people including the chairman of the university’s board of trustees for embezzling 303.82 crore from Tk during the purchase of land for the university.
In addition to the four board members, Azim Uddin Ahmed, chairman of the board, and Amin Mohammad Hilali, managing director of Ashaloy Housing and Developers Limited, were also charged.
According to the filing, the money was embezzled under the guise of campus development with the consent of a few board members, without informing the university union, the university scholarship commission and the Ministry of Education.
The allegation against them is that despite buying the land at a lower price, with the nefarious purpose of embezzling money, they recorded a higher purchase price only to receive money in bribes- seller’s de-vin into Fixed Deposit Accounts (FDR) which they then fully withdrew.
The Board of Trustees is the highest governing body of The North-South University under the Private Universities Act 2010.