HC asks ACC to probe assets of BASIC bank MD, DMD

The High Court yesterday directed Anti Corruption Commission (ACC) to probe the personal assets of former Managing Director Kazi Fakhrul Islam and Deputy Managing Director Fazlus Sobhan of BASIC Bank over its loan scams, reports UNB.

A bench of Justice M Enayetur Rahim and Justice Sahidul Karim passed the order after granting bails to four accused including Sobhan.      

According to an inquiry of Bangladesh Bank, about Tk 4,500cr was swindled out from BASIC Bank in 2015.

In Sep 2015, the ACC filed 54 cases accusing 156 individuals, including 26 BASIC bank officials, in connection.

HC asks ACC to probe assets of BASIC bank MD, DMD

The High Court yesterday directed Anti Corruption Commission (ACC) to probe the personal assets of former Managing Director Kazi Fakhrul Islam and Deputy Managing Director Fazlus Sobhan of BASIC Bank over its loan scams, reports UNB. A bench of Justice M Enayetur Rahim and Justice Sahidul Karim passed the order after granting bails to four accused including Sobhan. According to an inquiry of Bangladesh Bank, about Tk 4,500cr was swindled out from BASIC Bank in 2015. In Sep 2015, the ACC filed 54 cases accusing 156 individuals, including 26 BASIC bank officials, in connection.