Abul Hashem has been serving the bank as chairman since 2020
The Anti-Corruption Commission yesterday pressed charges against former BASIC Bank chairman Sheikh Abdul Hye Bacchu, his wife Shirin Aktar and six others over money laundering.
BASIC Bank is experiencing a deep liquidity crunch as depositors have been withdrawing money for weeks following news that the state-run lender is going to be acquired by a private commercial bank.
Law enforcers have no idea where former BASIC Bank chairman Sheikh Abdul Hye Bacchu is even though a Dhaka court has so far issued 52 warrants for him in as many cases since February 28.
A recent rush to withdraw money from the BASIC Bank and National Bank is worsening the situation the troubled institutions are facing.
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.
They submitted a memorandum to Bangladesh Bank governor
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
The duo has so far defaulted on loans of Tk 904 crore given by different banks
The Anti-Corruption Commission arrests a top official of state-owned BASIC Bank in connection with a loan scam.
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.
The High Court yesterday directed the Anti-Corruption Commission and Bangladesh Bank to submit their 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.
There were 1.14 lakh bank accounts having over Tk 1 crore each in the all of the country’s commercial banks in 2015, says finance minister AMA Muhith.
The Basic Bank money scam is one of the biggest examples of corruption in the country. Under Mr. Abdul Hye Bacchu's chairmanship...
High Court issues a rule asking why BASIC Bank’s former chairman Sheikh Abdul Hye Bacchu will not be implicated in cases filed over loan scam worth Tk 154 crore.
The Anti-Corruption Commission (ACC) is going to file 23 more cases in connection with the Tk 5,000-crore BASIC Bank scam between 2010 and 2013.
Anti-Corruption Commission files a total of 18 cases with three police stations in Dhaka in connection with alleged irregularities and corruption at BASIC Bank.
Finance Minister AMA Muhith says at the parliament that the total number of loan defaulters in the country was around 1.78 lakh as of June according to Bangladesh Credit Information Bureau.
