Dhaka, Jan. 8 -- The Anti-Corruption Commission (ACC) has approved the filing of a case against Salman F Rahman, former private industry and investment adviser to the prime minister and chairman of Beximco Group, along with 21 others, over allegations of massive loan fraud, money laundering and stock market manipulation involving around Tk 360 billion, primarily linked to Janata Bank PLC.

According to ACC sources, the case will be filed under multiple sections of the Penal Code, the Prevention of Corruption Act, 1947, and the Money Laundering Prevention Act, 2012 (amended in 2015).

The investigation was conducted by a five-member ACC team led by Muhammad Zainal Abedin, Deputy Director (Special Inquiry and Investigation-1) at ACC headqua...