Ex Islami Bank Chairman Obayed Ullah Al Masud lands in jail

 
Former Islami Bank Chairman Obayed Ullah Al Masud has been sent to jail over a loan scam of BDT 189 crore connecting Agrani Bank. 

Dhaka Metropolitan Senior Special Judge Sabbir Foyez issued this order on Wednesday after the Anti-Corruption Commission (ACC) submitted a similar petition.

ACC officials arrested Obayed Ullah Al Masud from his Dhanmondi residence with help from police force on Wednesday. Obayed Ullah Al Masud was produced before the court yesterday afternoon when ACC Deputy Assistant Director Mohammad Shahjalal applied to the court to keep Obayed Ullah Al Masud inside jail.

No lawyer to advocate for Obayed Ullah Al Masud was available in the court. The court listened to the hearing on this case and ordered the authorities concerned to send Obayed Ullah Al Masud to prison, according to ACC Prosecutor Khandaker Mashiur Rahman.

Obayed Ullah Al Masud resigned from the Chairman post of Islami Bank PLC on 16 July 2025. He held this post for 11 months. Previously Obayed Ullah Al Masud served state-owned Sonali Bank and Rupali Bank as Managing Director. Recently Bangladesh Financial Intelligence Unit (BFIU) sent allegations about irregularities on Obayed Ullah Al Masud to the Anti-Corruption Commission. BFIU also requested ACC to take necessary actions against Obayed Ullah Al Masud. Later on ACC filed cases against former Agrani Bank Managing Director Syed Abdul Hamid, Obayed Ullah Al Masud and another few people on 28 September 2025. The accused bankers were sued for embezzlement of 189 crore 80 lakh taka breaching rules from Agrani Bank, Asadganj Branch in Chittagong.