ACC resumes questioning of former BASIC Bank Chairman

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The Anti-Corruption Commission(ACC) has interrogated former BASIC Bank Chairman Sheikh Abdul Hye Bachchu for the second day over a Tk 35 billion loan fraud accusation.

The second day of questioning started at 10am on Wednesday.

ACC Deputy Director (Media) Pranab Kumar Bhattacharya. ACC Directors AKM Zayed Hossain Khan and Syed Iqbal are leading the interrogation.

Earlier on Monday, the Anti-Corruption Commission (ACC) summoned Bacchu at the ACC headquarters on for interrogation regarding the case.


After the questioning, Bacchu told to the media that he was innocent.

The ACC on November 23 summoned Bacchu and 10 former directors of the bank to its office for interrogation in scam cases involving about Tk 4,500 crore.

The move came over two years after the graft watchdog filed 56 cases against bankers over the loan scam that took place in the state-run bank between 2010 and 2013.

BASIC Bank is accused of giving loans without collateral and using false documents and fictitious names and organisations in violation of rules and regulations.

After almost four years of investigation, the ACC filed 56 cases at three police stations in Dhaka, accusing 156 individuals.

However, the absence of Bachchu and other prominent members of the board of directors on the list of suspects prompted controversy.

The ACC claimed they had not found any evidence of Bachchu’s involvement.

Later, the central bank opened a separate investigation into the matter.