A Dhaka court on Thursday issued a travel ban on former head of the Bangladesh Financial Intelligence Unit of Bangladesh Bank ( BFIU) Masud Biswas.
 
The commission decided to initiate investigation on September 26 and formed four committees to probbe alleged corruption of former BFIU chief Masud Biswas
 
According to the ACC's primary investigations, Biswas allegedly amassed huge wealth within a short time.
 
He adopted unfair means regarding the aircraft purchase of Sky Capital Airlines Limited, according to the primary investigation.
 
By taking a bribe from the company,Biswas concluded an investigation of the company without sending a report to the law enforcement agency.
 
Biswas also approved a report as a general monitoring report instead of an intelligence report under the Anti-Money Laundering Regulations.
 
The report was related to the embezzlement of Tk 50 billion by NRB Commercial Bank Chairman Tamal Parvez.
 
As an accomplice of Saiful Alam Masud, chairman of S Alam Group, the ex-BFIU officialsiphoned off billions of taka taking loans from Islami Bank.