Basic Bank fraud

Basic Scams: Bacchu out to make the probe drag on

Former BASIC Bank chairman Sheikh Abdul Hye Bacchu has been delaying an ongoing enquiry into allegations that he was involved in loan scams amounting to Tk 4,500 crore between 2010 and 2013, Anti-Corruption Commission officials say.

January 9, 2023
January 9, 2023

Don’t clip the wings of investigators

ACC empowering its secretaries to transfer and promote investigation officers is illogical

May 8, 2018
May 8, 2018

Basic Scams: Bacchu out to make the probe drag on

Former BASIC Bank chairman Sheikh Abdul Hye Bacchu has been delaying an ongoing enquiry into allegations that he was involved in loan scams amounting to Tk 4,500 crore between 2010 and 2013, Anti-Corruption Commission officials say.

January 10, 2018
January 10, 2018

Probe BASIC Bank ex-MD Fakhrul’s properties: HC

The High Court directs the Anti-Corruption Commission to conduct inquiry into the properties of the then managing director of BASIC Bank Kazi Fakhrul Islam and the then deputy managing director Fazlus Sobhan.

January 7, 2016
January 7, 2016

3 Basic Bank officials jailed

A Dhaka court sends three officials of Basic Bank Limited to jail after their arrest from the city in connection with swindling money from the state-run bank.

October 2, 2015
October 2, 2015

ACC is drawing a circle without centre

The investigation into the Basic Bank fraud is the latest example of that twist of irony. A former managing director, other officials and a host of borrowers of the bank have been indicted.