Dhaka, June 27 -- The Anti-Corruption Commission (ACC) is preparing to initiate two new cases against former banker Proshanta Kumar Halder, commonly known as PK Halder, over a Tk 500 million "loan fraud" at South Bangla Agriculture and Commerce Bank.

The agency's Director General (Prevention) Akhtar Hossain shared the development at the commission's headquarters on Thursday.

According to him, a total of 50 people will be named in the two cases, with 24 of them appearing in both.

They face allegations of colluding to misuse power for loan approvals, reports bdnews24.com.

The national anti-graft agency alleges that the bank failed to verify the borrowers' repayment capacity and did not conduct field inspections of business sites or ware...