BASIC BANK SCAM

ACC resumes Bacchu’s interrogation today

Staff Correspondent | Published: 00:21, Mar 08,2018 | Updated: 00:28, Mar 08,2018

 
 

The Anti-Corruption Commission is due to resume former BASIC Bank chairman Sheikh Abdul Hye Bacchu’s interrogation relating to his involvement with defalcation of Tk 4,500 crore from the state-run bank.
Following Bacchu’s request, the had postponed his interrogations for the third time that was due on January 8, said an ACC director.
On December 19, ACC rejected Bacchu’s prayer to give him time for one month to face the scheduled interrogations.
On December 4, when ACC sleuths interrogated Bacchu for the first time, he tried to shift the blame of a series of defalcations from the BASIC Bank on its former managing director Fakhrul Islam.
When his interrogators asked Bacchu to explain how the bank management could extend loans without his approval, Bacchu told them that he and the other members of the board just followed the report placed by the management, especially the managing director.
ACC officials said that the interrogators would record Bacchu’s statement regarding the defalcations.
They said that the 56 cases filed by the ACC in 2015 about a series of embezzlements to the tune of around Tk 2,000 crore from the BASIC Bank between 2009 and 2014 when Bacchu was the chairman of its board of directors.
Bacchu is the prime suspect in the defalcations totaling about Tk 4,500 crore from the BASIC Bank through fictitious loans extended to nonexistent borrowers.
The embezzlements turned the once the profit earning public sector bank virtually bankrupt during Bacchu’s tenure as its chairman. 

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