Thursday, December 14, 2017 | ePaper

ACC summons BASIC Bank boss Bachchu

  • Print


bdnews24.com :
The Anti-Corruption Commission, or ACC, has summoned former BASIC Bank Chairman Sheikh Abdul Hye Bachchu for questioning over a massive loan fraud.
Bachchu and a few others have been instructed to appear at the ACC on
Dec 4, said ACC Deputy Commissioner (Media) Pranab Kumer Bhattacharya.
The ACC opened an investigation into the state-run BASICBank after allegations that Tk 35 billion in loans had been illegally distributed from the Gulshan, Dilkusha and Shantinagar branches between 2009 and 2011.
BASIC Bank is alleged to have given loans without collateral and using false documents and fictitious names and organisations in violation of rules and regulations.
After nearly four years of investigation, the ACC filed 56 cases at three police stations in Dhaka, accusing 156 individuals. Twenty-six are bank officials. The rest are connected to lending institutions and bank oversight organisations.
But the absence of Bachchu and other prominent members of the board of directors on the list of suspects prompted controversy.
The ACC claimed they had not found any evidence of Bachchu's involvement.
The parliamentary standing committee on the finance ministry was unhappy with the ACC findings and the central bank opened a separate investigation into the matter.
In February 2016, Finance Minister AMA Muhith claimed the investigation into BASIC Bank had found evidence of loan fraud, appointment fraud and promotion manipulation relating to Bachchu.

More News For this Category

BISE Chairman asked to form managing body

Staff Reporter  :The Education Ministry has asked the chairman of Board of Intermediate and Secondary Education, Dhaka to form the managing committee for Lakehead Grammar School comprising Army official

Robber' killed in city gunfight

UNB, Dhaka :A suspected robber was killed in a reported gunfight with police in Tejgaon area of the capital early Tuesday.The deceased was identified as Abdullah, 31, son of

Man commits suicide in city

UNB, Dhaka :A young man allegedly committed suicide by shooting himself at his resident in capital's Merul Badda area on Tuesday evening. The deceased was identified as Md Uzzal,

HC warns ADC, UNO for abuse of power

UNB, Dhaka :The High Court on Wednesday asked authorities concerned for not posting the additional deputy commissioner (ADC) of Laxmipur and Sadar UNO in such places where they cannot

Fire originated from low quality gas cylinder

Staff Reporter  :A passenger bus caught fire on the Moghbazar flyover in the city on Wednesday afternoon. However, no one was injured in the incident, fire service official said.

2 killed in Rajshahi road crash

2 killed in Rajshahi road crash

UNB, Rajshahi :Two people were killed and 20 others injured in a road accident in Matikata area on Dhaka-Rajshahi highway in Godagari upazila on Wednesday morning.One of the deceased

No extra fee for SSC, HSC exams: HC

Staff Reporter :The High Court on Wednesday ordered the educational institutions not to charge any additional fee fromthe candidates of Secondary School Certificate (SSC) and Higher Secondary Certificate (HSC)

Time running out to meet climate goals: UN

UNB, Dhaka :The clock is ticking on efforts to reform the buildings and construction sector's energy performance and keep the Paris Agreement on track, a new UN-backed research has

9 arrested over question paper leakage in Munshiganj

Staff Reporter :Police on Wednesday arrested nine persons in connection with the question paper leakage of class II-IV in Munshiganj district.As per instruction of Deputy Commissioner of Munshiganj Sayla

BCL school bodies superstructure of terrorism: BNP

UNB, Dhaka :BNP on Wednesday alleged that Awami League's student body Bangladesh Chhatra League (BCL) is forming its committee at the school level to build the 'superstructure of terrorism'