Dhaka, April 17 -- The Anti-Corruption Commission (ACC) has filed a case against former land minister Saifuzzaman Chowdhury, his wife and former United Commercial Bank (UCB) chairperson Rukhmila Zaman, and 21 others for allegedly embezzling Tk 200m using a fake company.

ACC Director General Akhtar Hossain confirmed the development to journalists on Thursday. The case was filed by ACC Deputy Director Mahfuz Iqbal.

According to the case statement, a non-existent company named Eminent Traders applied for a Tk 200m time loan from UCB's Khatunganj branch on Feb 9 2020.

The bank proposed to approve the loan, despite the absence of proper verification, collateral, or insurance. Even though UCB's Corporate Banking Division identified some irre...