Basic Bank

April 11, 2019
April 11, 2019

BASIC Bank: Two held over embezzlement of Tk 75.66cr

The Anti-Corruption Commission (ACC) yesterday arrested two people in a case filed over misappropriation of about Tk 75.66 crore from the state-run BASIC Bank.

March 18, 2019
March 18, 2019

BASIC drowning in default loans

BASIC Bank continues to be overwhelmed with default loans despite going on a loan rescheduling spree, with the scam-hit bank logging in operating loss of Tk 118 crore last year.

June 19, 2018
June 19, 2018

BASIC Bank scam: ACC to file plea challenging ex-DMD's bail

The Anti-Corruption Commission (ACC) will file six appeals with the Supreme Court challenging the High Court verdict that granted bail to Fazlus Sobhan, former deputy managing director of BASIC...

June 4, 2018
June 4, 2018

BASIC 'plunderers' go happy

In the four years between 2009 and 2013, Tk 4,500 crore was swindled out of BASIC, once a healthy public bank. But what followed was more shocking than the country's biggest loan scam itself.

May 31, 2018
May 31, 2018

Ex-BASIC Bank brass Fazlus Sobhan gets bail

The High Court grants permanent bail to Fazlus Sobhan, former deputy managing director of Basic Bank, in six cases involving loan scam of Tk 4,500 crore.

January 11, 2018
January 11, 2018

BASIC Bank: JP MP, husband sued over Tk 275cr scam

Jatiya Party lawmaker Mahjabeen Morshed and her husband have been sued for Tk 275-crore loan scam at the state-run BASIC Bank.

January 10, 2018
January 10, 2018

JP MP sued for Basic Bank loan scam

Anti-Corruption Commission (ACC) sues Jatiya Party lawmaker Mahjabeen Morshed, her husband and five others for allegedly misappropriating around Tk 275crore of Basic Bank.

December 6, 2017
December 6, 2017

BASIC Bank Loan Scam: Transfer of Tk 20cr raises questions

Around Tk 20 crore was transferred to bank accounts of two firms, owned by Sheikh Abdul Hye Bacchu's younger brother, from several companies that got loans from BASIC Bank through scams when...

December 4, 2017
December 4, 2017

ACC quizzes ex-BASIC Bank chairman Bacchu

Former BASIC Bank chairman Sheikh Abdul Hye Bacchu has been interrogated by the Anti-Corruption Commission (ACC) in scam cases.

November 9, 2017
November 9, 2017

HC on Basic Bank Scam: ACC lacks neutrality in probe

The High Court yesterday severely rebuked the Anti-Corruption Commission for foot dragging and showing weaknesses in investigating cases over the BASIC Bank loan scam. ...