Dhaka, May 4 -- The Anti-Corruption Commission (ACC) has brought charges of embezzling funds from the National Life Insurance Company against former Awami League member of parliament Morshed Alam.

A complaint was lodged with the Insurance Development and Regulatory Authority (IDRA) against Morshed, chairman of the company, accusing him of embezzlement by concealing information and purchasing land owned by his brother at a price higher than the market value.

On Sunday, ACC Director General Akhtar Hossain confirmed that Deputy Director Sheikh Golam Maula filed the case on Wednesday.

Morshed's son Saiful Alam and brother Jashim Uddin have also been accused in the case. At the time of the incident, they were the managing director and direc...