Arrest warrant issued against Sonali Life CEO Rashed over graft charges

An arrest warrant has been issued against the recently ousted Chief Executive Officer (CEO) Rashed Bin Aman of Sonali Life Insurance Company Limited, one of the country‍‍‍‍`s leading insurance companies. Also, a case has been filed against him and his corrupt associates on behalf of the company for embezzlement of Tk 9 crore.

Before this, the executive of Sonali Life Insurance Company Limited, Mustafa Golam Emran, filed a case at Rampura police station, citing the names of seven former officers of the company, including Mir Rashed Bin Aman, as the plaintiff.

The accused are expelled CEO Mir Rashed Bin Aman;  former HR officer of the organization Fatima Tamanna Sweety; former officer of accounts Sumi Sen; former head of purchase Rajesh Aich; former head of finance Borhan Uddin Mazumder; former manager of accounts Shipon Bhuiyan; and former Head of Investment Sujan Talukder.

However, based on the internal preliminary investigation of the company, case has been filed allegation of embezzlement of Tk 9 crore, but the amount embezzled by Mir Rashed is huge. 

Sonali Life has hired an international audit company for an investigation into Mir Rashed‍‍‍‍`s alleged misconduct. A credible source verified that a third-party investigation found evidence of Rashed‍‍`s misuse of Tk 150 crore. According to sources, the company plans to file another case of Tk 150 crore embezzlement against Rashed and his associates.

Mostofa Golam Quddus, Chairman of Sonali Life Insurance Company Limited, has been making firm promise not to let clients suffer since the beginning. As an honest person, he does not allow anyone to claim that the third-party investigations commissioned by the company and the IRDA investigations based on Rashed‍‍`s complaint have been influenced by him. As a result, he resigned as the chairman of Sonali Life Company Limited. According to a reliable company source, Mostofa Golam Quddus tendered his resignation letter during the board of directors meeting on January 18.

Sonali Life Chairman Mostofa Golam Quddus said, "I have resigned with the aim of building a culture of transparency and keeping the integrity and reputation of the organization intact. I have worked diligently to ensure an impartial investigation without influencing the conduct of the investigation as well as avoiding the audit proceedings of the regulatory authorities."

"More to follow"...