BASIC Bank loan scam: ACC okays chargesheet against 147

The Anti-Corruption Commission (ACC) has approved a chargesheet against 147 people including former Chairman of BASIC Bank Sheikh Abdul Hye alias Bachchu in cases filed for misappropriating Tk 2,265.68 crore.

The chargesheet was approved on Monday eight years later 59 cases were filed.

ACC Deputy Director (Public Relations) Mohammad Arif Sadek confirmed the news.

The central bank sent a report on the scam to the ACC on 14 July 2014 about the detail of embezzlement and found Bacchu’s illegal influence in all the activities of the bank.

According to an inquiry of Bangladesh Bank, about Tk 45 billion was swindled out from Basic Bank during six years while Sheikh Abdul Hye Bachhu was serving the Bank as its chairman.

He resigned from the bank on 4 July 2014, as the finance ministry sent a letter to Bangladesh Bank to dissolve the then board of the Bank on 29 May 2014.

The ACC filed 56 cases with three police stations in the capital accusing more than 100 individuals, including 26 bank officials, in September of 2015 while the commission filed another five cases last year. But, Bacchu was not made accused in any of the cases.

Alongside, Sheikh Abdul Hye Bacchu skipped the interrogation of the ACC several times in various excuses.