Travel ban imposed on ex-chairman of NRBC Bank

A Dhaka court imposed a travel ban on Mohammad Adnan Imam, former executive committee chairman of NRBC Bank PLC, over allegations of stock market manipulation and money laundering.

Dhaka Metropolitan Senior Special Judge Md Zakir Hossain Galib passed the order on Thursday (February 27), allowing a plea filed by Md Mostafizur Rahman, deputy director of the Anti-Corruption Commission (ACC).

The anti-graft body in its plea said the accused during his tenure as the executive committee chairman of NRBC Bank PLC, in collusion with others, amassed illegal wealth through stock market manipulation and other unlawful means, and laundered the money abroad.

“The accused is trying to flee the country to evade justice and a travel ban should be imposed on him for the sake of proper investigation,” the plea added.