Basic Bank
Basic, National Bank Mergers: People withdrawing money in panic
A recent rush to withdraw money from the BASIC Bank and National Bank is worsening the situation the troubled institutions are facing.
BASIC Bank officials ‘terrified’ by impending merger
As a state-run bank, BASIC Bank's officers and employees enjoy and job security alongside various employee benefits -- including salaries, provident fund facilities, gratuity, retirement allowance -- which may differ from those offered at City Bank.
BASIC Bank employees want merger with another state bank
They submitted a memorandum to Bangladesh Bank governor
City Bank eyes takeover of BASIC Bank
State-owned and trouble-ridden BASIC Bank is expected to merge with City Bank — a development that comes less than a week after the government decided in principle to merge four state banks
Former Ctg chamber president, his wife ordered to clear Tk 184 crore default loans
The duo has so far defaulted on loans of Tk 904 crore given by different banks
Anti-corruption day: Cases filed, but no progress in probes
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.
BASIC Bank loan scams: ‘A drama is all we’re watching’
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.
HC stays BASIC Bank circular on reducing employees’ salary structure
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.
BASIC Bank staff confine board members for 4 hrs
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 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 Bacchu was its chairman.
ACC quizzes ex-BASIC Bank chairman Bacchu over scam cases
Former BASIC Bank chairman Sheikh Abdul Hye Bacchu has been interrogated by the Anti-Corruption Commission (ACC) in scam cases.
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. The commission lacks neutrality, transparency and competence in dealing with the cases, the court said, adding that the ACC is applying the “pick and choose” policy as "it keeps detaining and releasing people in connection with the cases".
Basic Bank scam: HC rebukes ACC
The High Court rebukes the Anti-Corruption Commission (ACC) for dillydallying and weakness of its investigation into the cases filed for Basic Bank loan scam.
BASIC Bank Loan Scam: 50 ghost firms traced
BASIC Bank has finally been able to trace 50 firms which took loans from the bank showing fake documents with the help of its former chairman Abdul Hye Bachchu.
SC dissatisfied at ACC as BASIC Bank ex-chairman not implicated in cases
The Supreme Court expresses discontent at the Anti Corruption Commission as it did not implicated the then chairman of BASIC Bank Sheikh Abdul Hye Bacchu and its former board members in two loan scam cases involving Tk 75 crore.
Loan scam: BASIC Bank GM held
The Anti-Corruption Commission arrests a top official of state-owned BASIC Bank in connection with a loan scam.
Loan scam: BASIC Bank official among 4 held
ACC arrests four people including an official of the BASIC Bank in Dhaka in connection with swindling of huge amount of money from the bank.
Submit BASIC Bank scam probe reports
The High Court yesterday directed the Anti-Corruption Commission and Bangladesh Bank to submit their probe reports on BASIC Bank loan scam.
HC asks for probe reports on BASIC Bank loan scam
The High Court directs the Anti-Corruption Commission and Bangladesh Bank to submit probe reports on BASIC Bank loan scam.
