Basic Bank scandal

ACC to file 54 cases

The Anti Corruption Commission (ACC) is set to file 54 cases in connection with swindling out of about Tk1,000 crore from state-run Basic Bank Limited, reports UNB.
The Commission at a meeting on Tuesday approved proposals to file the cases against 80-54 people, including bank officials, skipping the key graft suspect - former chairman of Basic Bank Sheikh Abdul Hye Bachhu, ACC sources said.
Owners of 54 private companies, former managing director of the bank Kazi Fakhrul Islam and some senior bank officials will be made accused in the 54 cases to be filed soon, they said.
According to an inquiry of Bangladesh Bank, about Tk4500 crore was swindled out from Basic Bank in last six years when Sheikh Abdul Hye Bachhu was the chairman of the bank.
But, a there-member ACC probe team, led by deputy director Syed Iqbal Hossain found that about Tk1,000 crore was plundered from the bank by 54 private companies while taking loans showing fake documents.  The bank officials were involved in the loan scam.
The probe team submitted its report to the commission on August 31 last seeking approval to file 54 cases in this regard.
 

 

Basic Bank scandal

ACC to file 54 cases

The Anti Corruption Commission (ACC) is set to file 54 cases in connection with swindling out of about Tk1,000 crore from state-run Basic Bank Limited, reports UNB. The Commission at a meeting on Tuesday approved proposals to file the cases against 80-54 people, including bank officials, skipping the key graft suspect - former chairman of Basic Bank Sheikh Abdul Hye Bachhu, ACC sources said. Owners of 54 private companies, former managing director of the bank Kazi Fakhrul Islam and some senior bank officials will be made accused in the 54 cases to be filed soon, they said. According to an inquiry of Bangladesh Bank, about Tk4500 crore was swindled out from Basic Bank in last six years when Sheikh Abdul Hye Bachhu was the chairman of the bank. But, a there-member ACC probe team, led by deputy director Syed Iqbal Hossain found that about Tk1,000 crore was plundered from the bank by 54 private companies while taking loans showing fake documents. The bank officials were involved in the loan scam. The probe team submitted its report to the commission on August 31 last seeking approval to file 54 cases in this regard.