Tag Archives: Basic Bank

ACC resumes questioning Bachchu

Bachchu

MNA National Desk: The Anti-Corruption Commission (ACC) has resumed the interrogation of former BASIC Bank Chairman Sheikh Abdul Hye Bachchu over a Tk 35 billion loan fraud accusation. The second day of Bachchu’s questioning began at 10am on Wednesday, said ACC Deputy Director (Media) Pranab Kumar Bhattacharya. ACC Directors AKM Zayed Hossain Khan and Syed Iqbal are leading the interrogation. Questioning began Monday, when the former BASIC Bank executive answered a summons to appear at the ACC offices in Segunbagicha. The session lasted about two-and-a-half hours. Other BASIC Bank directors, including Md Anwarul Islam, Anis Ahmad, Quamrun Naher Ahmed, Prof ...

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BASIC bank gets Awal Khan as new MD

Bank Chairman

MNA Business Desk: The government has appointed Muhammad Awal Khan Managing Director of the BASIC bank, which is recovering from a loan scam. The Financial Institutions Division of the Ministry of Finance has made the appointment for three years. He is replacing Khandaker Md Iqbal whose tenure ended on Sept 28. Chairman of the governing body of the troubled bank, Alauddin A Majid said he received a letter from the ministry confirming the new appointment on Monday. Awal’s appointment came through a search committee headed by Majid, which was formed after Sept 28. Two other members of the committee were ...

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BASIC Bank’s default loans Tk 65.4 billion

Bank Chairman

MNA Business Desk: The Bangladesh Small Industries and Commerce Bank Limited (BASIC) and Sonali Bank have more than Tk 97.64 billion in defaulted loans. Of the figure, BASIC Bank has disbursed the unpaid loans of around Tk 65.4 billion to 628 firms. The names of a few families have repeatedly emerged in the loan scam of BASIC Bank. The top loan dodgers, who have defaulted on loans in billions of taka, are from three families. These are the families of the former president of the Chittagong Chambers of Commerce (CCC) Murshed Murad Ibrahim, former Farmers Bank’s chairman Mahbubul Chisty and ...

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UK Bangla chairman Ahmed Tajuddin gets bail

Ahmed Tajuddin

MNA Business Desk: The High Court issued four-week interim bail to Ahmed Tajuddin, chairman of M/s UK Bangla Limited, in a case filed over the Basic Bank loan swindle, reported news agency. A bench of HC comprising Justice Gobinda Chandra Tagore and Justice Razik-Al-Jalil passed the order after disposing of a petition filed by Tajuddin and asked him to surrender before the lower court within four weeks. The HC also asked the M/s UK Bangla Limited Chairman to submit Tk 2 crore to the bank concerned in two equal monthly installments. A total of 56 cases have been filed in ...

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