3 Basic Bank officials jailed

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

They are Deputy Managing Directors of the bank Fazlu Sobhan and Mohammad Selim, and former Deputy General Manager Shiper Ahmed.

Dhaka Additional Chief Metropolitan Magistrate M Qaisarul Islam passed the order after Anti Corruption Commission (ACC) produced them before the court.

The court also fixed January 11 for hearing on their remand. 

Earlier, ACC members in a drive arrested the three bank officials from Motijheel area around 2:00pm and later took them to their head office for questioning. 

In September 2015, the ACC filed 56 cases against 156 people in connection with swindling of about Tk 2,000 crore from Basic Bank. The detainees are accused in most of the cases.

On October 22, 2015, the national anti-graft body formed a six-member probe team to investigate the cases. 

According to a Bangladesh Bank inquiry, about Tk 4,500 crore was swindled out from Basic Bank in the last six years when Sheikh Abdul Hye Bachhu was its chairman. But, there has been no case against him.