A court in Dhaka has issued arrest warrant against former BASIC Bank chairman Sheikh Abdul Hye Bacchu and four of his family members in connection with a money laundering case filed by the Anti-Corruption Commission (ACC).
Judge of the Metropolitan Senior Special Judge's Court in Dhaka, Mohammed Ash-Shams Joglul Hossain, passed the order on Thursday after taking the charges brought against them in the case into cognisance.
Other accused persons are--- Bachchu's wife Shirin Akter, son Sheikh Sabid Hye, daughter Sheikh Rafa Hye and brother Sheikh Shahriar Panna.
The judge directed the officer-in-charge of Banani Police Station to submit by November 4 the reports on execution of the arrest warrants issued against them.
Mir Ahmed Ali Salam, a public prosecutor (PP) of the Anti-Corruption Commission, confirmed the court order to the FE.
Another accused in the case, Amin Ahmed, owner of Le Meridien Dhaka, is now on bail in the same case, while Bacchu and all his family members are on the run.
The Anti-Corruption Commission filed the case on October 2 in 2023 against them for their alleged involvement in money laundering offences.
According to the case statement, Bacchu bought a 30.25 kathas land for Tk 1.10 billion from Amin Ahmad, but two deeds showed the property value to be Tk 152.5 million.
Bacchu later transferred the land to his wife Shirin, son Sabid and daughter Rafa.
Tk 947.5 million was laundered by showing a lower price in the deed, which is an offence according to the Money Laundering Prevention Act, also read the case statement.
On May 27, ACC Assistant Director Mohammad Neyamul Ahsan Gazi, also the investigation officer of the case, pressed charges against Bacchu, his wife Shirin Akter and five others, including Amin Ahmad, in the case.
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