ACC approves charge sheet against sacked DMD of Basic Bank

The national anti-graft agency on Wednesday approved charge sheet of a case against state-owned Basic Bank Ltd's sacked deputy managing director (DMD) A Monayem Khan over allegation of gaining Tk 7.05 million from unknown sources.

The Anti-Corruption Commission (ACC) on its investigation found information of Tk 21,185,567 worth of wealth and investment of Mr Khan. Of the amount, he gained Tk 14,134,812 legally while the source of Tk 7,050,755 remains unknown.

ACC assistant director Md Shafi Ullah is investigating the case filed with Ramna Model Police Station on February 2, 2015, according to ACC public relations official Pranab Kumar Bhattacharjee.

The bank sacked Mr Khan for his alleged involvement in the bank's loan scam on October 31, 2016.

Bangladesh Bank investigations detected the loan scams worth around Tk 45 billion in the bank's three branches located at Gulshan, Dilkusha and Shantinagar in the capital. The irregularities took place between 2009 and 2013.

After nearly four years of investigation, ACC accused 156 individuals in 56 cases with three police stations in the capital. Twenty-six of them are bank officials and the rest are connected with the borrowing organisations and banks' oversight institutions.

[email protected]