MD MEHEDI HASAN

An audit has found that Tk 3,088 crore was misappropriated from Premier Bank between 2018 and September 2025 through inflated office rent, misuse of CSR allocations, manipulation of general ledger entries, abuse of procurement processes, and false renovation claims.

The findings emerged from an investigation into alleged fund embezzlement involving the bank’s Head Office General Services Division, Financial Administration Division, and Banani branch.

The audit identified former chairman HBM Iqbal; his sons Moin Iqbal and Imran Iqbal, both former directors; several other former directors; and a number of former top officials, including managing directors, as directly or indirectly involved.

Conducted by MABS & J Partners, Chartered Accountants, the forensic audit was commissioned by an investigation committee approved by the current board following a Bangladesh Bank directive in August 2025.

The committee submitted its report in January 2026. Based on the findings, Premier Bank has recently filed multiple lawsuits seeking recovery of the allegedly In a

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