Dhaka, June 16 -- The Anti-Corruption Commission (ACC) has launched an inquiry against Bangladesh's former high commissioner to the United Kingdom, Saida Muna Tasneem, and her husband Tauhidul Islam Chaudhury, chairman of Generation Next Fashions Limited, over allegations of embezzling and laundering approximately Tk 20 billion taken out in loans from banks and financial institutions.

Announcing the development at a briefing at the commission's headquarters in Dhaka on Monday, ACC Chairman Mohammad Moinuddin Abdullah said: "We decided to investigate the complaint that, in collusion, Generation Next Fashions Limited and 12 other commercial and shell companies misappropriated around Tk 20 billion from multiple banks and financial instituti...