Dhaka, Dec. 30 -- The Anti-Corruption Commission (ACC) has approved a charge sheet against 18 individuals, including fugitive Prashanta Kumar Halder, widely known as PK Halder, in connection with the alleged embezzlement and laundering of Tk44 crore obtained as a loan using a fake company.

ACC Assistant Director (Public Relations) Tanzir Ahmed confirmed on Monday that the loan was sanctioned in the name of Diya Shipping Limited, which investigators later found to be a fictitious and non-existent entity.

According to ACC findings, Shib Prasad Banerjee, shown as the managing director of Diya Shipping Limited, applied on 10 November 2014 to FAS Finance and Investment Limited for a six-year term loan of Tk44 crore at a comparatively low int...