BASIC Bank loan scam

March 3, 2021
March 3, 2021

Basic Bank loan scam: HC rebukes ACC for delay in submitting charge sheet

The High Court today rebuked the Anti-Corruption Commission for its failure in submitting the charge sheet to the trial court in 20 corruption cases filed against Iqbal Hossain Bhuiyan, managing...

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.

January 10, 2019
January 10, 2019

Loan scam cases: HC asks 2 businesspersons to surrender before trial court

The High Court directs two businesspersons to surrender before trial court in two separate cases filed over loan scams in Basic Bank and Sonali Bank.

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 13, 2018
June 13, 2018

Return Tk 25cr to Basic Bank: SC to businessman

The Supreme Court directs a businessman to return Tk 25 crore to Basic Bank within two months or face cancellation of his bail in a case filed against him over loan scam.

June 11, 2018
June 11, 2018

​Bring Basic Bank ex-chair Bacchu to book, HC asks ACC again

The High Court has reiterated its earlier directive on the Anti-Corruption Commission to bring Basic Bank’s former chairman Sheikh Abdul Hye Bacchu and its three top officials to book in connection...

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.

May 30, 2018
May 30, 2018

Bacchu quizzed over BASIC Bank scam

BASIC Bank's former chairman Sheikh Abdul Hye Bacchu is being interrogated by Anti-Corruption Commission (ACC) over loan scams worth Tk 4,500 crore.

May 7, 2018
May 7, 2018

BASIC Bank scam: Bacchu skips ACC quizzing

BASIC Bank's former chairman Sheikh Abdul Hye Bacchu skips quizzing by Anti-Corruption Commission (ACC) over the loan scams involving around Tk 4,500 crore.