The duo has so far defaulted on loans of Tk 904 crore given by different banks
Several big loan scams in the banking and financial sectors came to the fore in the last decade and the Anti-Corruption Commission (ACC) has done its job by filing cases. But, no progress is apparent.
The High Court yesterday expressed disappointment at the embezzlement of large amounts of money from the state-run Basic Bank and the Anti-Corruption Commission’s failure to press charges in any of the 56 cases filed over the bank’s loan scams in the last seven years.
The High Court stays for four weeks the effectiveness of a circular issued by the BASIC Bank authorities on reducing the salary structure of its employees.
A section of employees of BASIC Bank confines board members of the bank for nearly four hours demanding reinstatement of the previous salary structure.
Basic Bank employees stage demonstration at its head office in Dhaka’s Motijheel area protesting decrease of their salaries.
An application is filed with the High Court seeking its order on the government to conduct an enquiry into an alleged corruption in appointments of 1,173 employees in BASIC Bank during the chairmanship of Sheikh Abdul Hye Bachchu.
The High Court cancels the bail of businessman Syed Mozaffar Hossain in a corruption case filed for misappropriating Tk 141 core from BASIC Bank and ordered him to surrender to the trial court immediately.