DHAKA, Bangladesh - Former Sonali Bank Managing Director Humayun Kabir and seven others have been convicted of embezzling Tk 3.7 million by a Dhaka court.
The decision was handed down on Sunday by Judge Al Asad Md Asifuzzaman of Dhaka's Special Judge's Court.
Former Deputy Managing Director Mainul Haque was also sentenced in the case filed by the Anti-Corruption Commission.
The eight senior bank officials were sentenced to three years in prison with hard labor and a Tk 10,000 fine, with three more months of imprisonment without labor if they did not pay the penalty.
According to the decision, they took out a Tk 3.7 million loan from Sonali Bank's Dhaka Sheraton Hotel branch in the name of DN Sports between April 15, 2011, and May 27, 2012.
The anti-graft watchdog's Assistant Director, Selina Akter Moni, had filed a case against them with Ramna police In January 2013.