Dhaka, Dec. 7 -- Corruption Commission (ACC) on Sunday filed a case against 34 individuals, including Janata Bank's two former chairmen and a former managing director, over the alleged embezzlement of Tk 1,963.54 crore through abuse of power and loan fraud.

The case was filed at the ACC's Chattogram Integrated District Office by the Commission's Deputy Director Mohammad Sirajul Haque, Confirming the development, ACC Director General Md Akhtar Hossain said the accused had violated banking rules and colluded to misappropriate the funds.

According to the case statement, the accused approved loan limits in breach of conditions, created excessive funded and non-funded liabilities, and issued loans through inflated loan trust receipts and let...