DHAKA: The Anti-Corruption Commission sought a 10-day remand for Golam Mohiuddin, an official of Bismillah Group, a terry towel producer, for his alleged involvement in the embezzlement of funded loans worth over Tk 58.39 crore.

Sources told banglanews that the ACC assistant director Gulshan Anwar Pradhan, in this regard on Wednesday filed the remand plea to Mohiuddin before Chief Metropolitan Magistrate (CMM) Court. 

After hearing, the court will decide about the remand.

However, Mohiuddin is the owner of the Bayern Trading, a sister concern of Bismillah Group.

He is an accused of a case among 12 against the group.

On Tuesday noon, the anti-graft body detained Mohiuddin from his Segun Bagicha office in the city.

Earlier, the commission said that Bismillah Group, in association with the bank officials including Prime Bank, embezzled the money through loans against trust receipts using names of fake foreign buyers.

They secured cash incentives against fake export documents, taking advantage of inland bills purchases and overpricing non-existing export items.

Later, the inquiry also found that the group laundered money abroad.

BDST: 1530 HRS, JUL 16, 2014