Tuesday, May 22, 2018 | 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

Pvt power plants can't open LC to import fuel oil

Anisul Islam Noor :The country's private power plant owners are unable to open Letter of Credit to import fuel oil for their power plants as many banks are not

Extrajudicial killings continues under anti-narcotics' drive, says BNP

UNB, Dhaka :BNP on Monday alleged that the government has been 'indulging in extrajudicial killings' in the name of a countrywide anti-narcotics drive. Speaking at an iftar party, BNP

War crimes convict dies at RMCH

UNB, Rajshahi :A war crimes convict of Chapainawabganj died at Rajshahi Medical College and Hospital early Monday.The deceased was Mahidur Rahman, 88, hailing from Dadonchak village in in Shibganj

One ACC official dismissed, another suspended

UNB, Dhaka :Anti-Corruption Commission (ACC) has dismissed one of its assistant directors and suspended another for negligence in investigation and abuse of power.The dismissed ACC assistant director is S.

Rimjhim Police Town, Italian City projects illegal: HC

UNB, Dhaka :The High Court on Monday declared the 'Rimjhim Police Town' and 'Italian City' housing projects in Rupganj upazila of Narayanganj illegal.A bench of Justice Syed Md Dastagir

Two bodies recovered from Savar

Staff Reporter :Two bodies were recovered from separate areas in Savar under Dhaka district on Monday.The bodies were sent to Shaheed Suhrawardy Medical College and Hospital for autopsy.Tarikul Islam,

Priyanka Chopra now in C'bazar to visit Rohingya camps

Priyanka Chopra now in C'bazar to visit Rohingya camps

Staff Reporter  :Bollywood sensation Priyanka Chopra has arrived in Bangladesh on a three-day visit to expose the plight of Rohingya refugee children as part of her role as UNICEFGoodwill

Winter to get hotter, rainless in BD

UNB, Dhaka :The average increase in temperature over Bangladesh, particularly in the Northwestern region, would be 1.3 degree Celsius and 2.6 degree Celsius for the years 2030 and 2070

HC orders to examine pasteurised milk

Staff Reporter :The High Court (HC) on Monday directed the government to form an expert committee to examine the pasteurised milk in the market and to submit a report

BNP slams PM for praising KCC polls

UNB, Dhaka :BNP on Monday said it will be suicidal for the opposition to join any national election under Sheikh Hasina as the Prime Minister has exposed herself by