Dhaka, Aug. 17 -- The Anti-Corruption Commission (ACC) has prosecuted former EXIM Bank chairman Nazrul Islam Mazumder and 20 others over the alleged embezzlement and laundering of Tk 8.58 billion, approved through "abuse of authority" in loan processing.

Assistant Director Shahjahan Miraj lodged the case on Sunday at the ACC's Integrated District Office, Dhaka-1.

The commission's Director General Md Akhtar Hossain confirmed the filing.

Majumder, also chairman of NASSA Group and former head of the Bankers' Association of Bangladesh (BAB), had been a prominent figure in the banking sector during the previous Awami League administration.

He was arrested by the Detective Branch in Gulshan on Oct 1 last year, after the change in the govern...