Dhaka, Nov. 19 -- Former Islami Bank chairman Obayed Ullah Al Masud has been sent to prison after being arrested in a Tk 1.89 billion loan fraud case linked to Agrani Bank.

Dhaka Metropolitan Senior Special Judge Sabbir Faiz issued the order on Wednesday after a petition from the Anti-Corruption Commission (ACC).

Obayed was arrested earlier in the morning at his Dhanmondi residence with police support.

In the afternoon, ACC Deputy Assistant Director Mohammad Shah Jalal, the investigating officer, produced him in court and sought his detention.

With no bail petition, the court sent him to jail, ACC Prosecutor Khandaker Moshiur Rahman said.

Obayed resigned as chairman of Islami Bank on Jul 16, 2025, just 11 months into his tenure. Befo...