Dhaka, Jan. 8 -- The Anti-Corruption Commission (ACC) on Thursday approved the filing of a case against Orion Group Chairman Mohammad Obaidul Karim and Mercantile Bank Limited Vice President Pratap Kumar Deshmukh, along with others, over allegations of loan irregularities, abuse of power, and embezzlement involving Tk 5.07 billion.

According to the ACC, the accused, in collusion with each other, provided loans without adequate collateral, illegally converted offshore foreign currency loans into domestic currency loans, created fresh loans to adjust classified liabilities, and rescheduled loans without proper down payments, causing financial losses of Tk 5.07 billion.

The commission said the accused abused their positions to grant unwarr...