Basic Bank scam
The ‘mega serial’ of bank scams
By investing only Tk 400 crore to establish a bank, the bank owners are able to control the deposits of thousands of crores of taka, decide where to invest it, and who to lend it to.
Basic Bank scam: JS body summons ACC for not taking action against Bacchu
A parliamentary on law today summons Anti-Corruption Commission (ACC) to know why it did not take action against Sheikh Abdul Hai Bacchu for his involvement in Basic Bank scam.
Janata going BASIC's way
Janata was almost a sound bank, the best among its state-owned peers until last year. It saw a dramatic fall in just six months since January this year.
BASIC probe lacks tangible progress
The High Court has found no tangible progress in the investigation into the cases filed over the loan scam of BASIC Bank in the last two and a half years although it repeatedly directed the Anti-Corruption Commission to carry out a fair probe.
BASIC Bank Scam Probe: HC raps ACC
The High Court yesterday expressed utmost dissatisfaction and disappointment with the Anti-Corruption Commission for the long delay in completing investigations in the cases over BASIC Bank loan scams.
ACC seeks docs of banking transactions of ex-BASIC bank chairman Bacchu
Anti-Corporation Commission sends a letter to the Bangladesh Bank requesting to provide documents of all banking transaction of former BASIC Bank chairman Sheikh Abdul Hye Bacchu and his family members.
BASIC Bank Scam: Bacchu asked not to leave country
The Anti-Corruption Commission has asked former BASIC Bank chairman Sheikh Abdul Hye Bacchu not to leave the country so that his interrogation continues without any interruption.
BASIC Bank Scam: Bacchu again denies his role
Former BASIC Bank chairman Sheikh Abdul Hye Bacchu has once again pinned the blame on the bank's managing committee for the embezzlement of crores of taka from the scam-hit bank.
Basic Bank Scam: ACC to quiz Bacchu, 10 ex-directors
The Anti-Corruption Commission yesterday summoned former BASIC Bank chairman Sheikh Abdul Hye Bacchu and 10 former directors of the bank to its office for interrogation in scam cases involving about Tk 4,500 crore.
Finance Minister's bold admission
The Finance Minister's exasperation in parliament, over the government's inability to take punitive action against a top official of Sonali Bank for his involvement in the Hallmark loan scam as well as of those in the Basic Bank scam...