Al-Arafah Bank director Badiur exempted from ACC case

Former chairman and present director of Al-Arafah Islami Bank Limited Badiur Rahman has been exempted from a money laundering case filed by the Anti-Corruption Commission (ACC). 

ACC has concluded the case as no evidence was found against him, said a press release issued by the bank.

Badiur Rahman, who is currently the Chairman of Risk Management Committee of Al-Arafah Islami Bank Limited, has been found clean and ACC has announced the matter settled and closed.

His exemption was stated in a letter signed by the Secretary of ACC and the Deputy Secretary of the Ministry of Finance (Financial Institution Division).

In 2018, ACC filed the case against Badiur Rahman, who was chairman of the bank's board of directors between 2008 and 2016, for allegedly laundering Tk 1.68 crore to Singapore.

Badiur Rahman is one of the founder directors of the bank since 1995. He has business in Singapore, the release added.