Saturday, Dec 20th

Last update06:01:09 PM GMT

You are here::

ACC to probe graft charge against Maj Gen (rtd) Jalal Uddin

E-mail Print PDF

Staff Reporter
The Anti Corruption Commission (ACC) has decided to launch probe against a retired army major general for allegedly misappropriating the investors’ money through a multi-level marketing (MLM) company.
The Commission in its recent meeting decided to conduct a probe into the graft allegation against Maj Gen (retd) Jalal Uddin Ahmed, ACC chairman M Badiuzzaman told yesterday.
About the nature of corruption, he said the company of Jalal Uddin Ahmed like other MLM companies collected money from investors, mostly army, navy and air force officials, and swindled the money.
The ACC chairman said the Commission will appoint an inquiry officer soon to carry out the probe into the allegation of swindling by the MLM company of Maj Gen (retd) Jalal Uddin Ahmed.
According to the graft allocations received by the ACC, Multipurpose Cooperative Society Limited, an MLM company floated by Jalal Uddin and his wife, collected about Tk 82 crore from nearly unwary 1,500 investors alluring them with high rate of interest.
It was also alleged that Maj Gen (retd) Jalal Uddin siphoned off the money to his son and daughter living in the USA.
Jalal Uddin Ahmed went into retirement on December 31 in 2003. Later, he and his wife got the Multipurpose Cooperative Society Limited registered with the Cooperatives Department in July 2005 to run cooperative business in the capital.