Lloyds Commerce and Investment Cooperative Society Limited information
Non-bank financial institution
Lloyds Commerce and Investment Cooperative Society Limited
Type
Cooperative
Headquarters
Dhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Lloyds Commerce and Investment Cooperative Society Limited (Bengali: লয়েডস কমার্স অ্যান্ড ইনভেস্টমেন্ট কো-অপারেটিভ সোসাইটি লিমিটেড) was a Banladeshi non-bank financial institution. Prior to its failure the investment society had around 2,000 customers.[1]
In 2015, the bank made national news when the managing director Md Firoz Kabir embezzled nearly Tk 1.40 billion from the institution by distributing the funds to himself and various non-members such as his daughter Rezwana Kabir, brother Nawroj Kabir, sister-in-law Sabira Banu, brother-in-law Kazi Mafizul Islam, cousin Syed Anwarul Nafis, friend Azizur Rahman, and his wife Sheli Rahman.[2] It is suspected that he used the customers' money to purchase a second home in Malaysia and is now in hiding.[3] A number of cases are also pending against Lloyds Commerce and Investment Co-operative Society and related company Chartered Credit Cooperative Limited.
^"খান মো. ফিরোজ কবিরের দুই প্রতিষ্ঠান লভ্যাংশ দূরের কথা আসল টাকাই নেই". aparadhbichitra. Retrieved 27 March 2023.
^Islam, Rozina. "Bank official vanishes with Tk 1.86b". prothomalo. Retrieved 27 March 2023.
^"১৮৬ কোটি টাকা আত্মসাৎ করে নিখোঁজ ব্যাংক কর্মকর্তা". purboposhchimbd. Retrieved 27 March 2023.
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