ACC seeks banking info of Bachchu, family

The Anti-Corruption Commission (ACC) has sought information on the banking transactions of former BASIC Bank Chairman Sheikh Abdul Hye Bachchu and his family members.

To this connection, the anti-graft watchdog sent a letter to the Bangladesh Bank on Sunday afternoon, an ACC source told the FE.

ACC officials interrogated Mr Bachchu for the first time on December 4 over the state-run Basic Bank's Tk 35 billion loan scam.

ACC launched an investigation into BASIC Bank after allegations that Tk 35 billion loans had been illegally distributed from its Gulshan, Dilkusha and Shantinagar branches from 2009 to 2011.

It was alleged that the bank's some officials gave loans without collateral as well as against fictitious names and organisations with false documents violating rules and regulations.

After nearly four years of investigation, ACC filed 56 cases at three police stations in Dhaka, accusing 156 individuals. Twenty-six of them are bank officials, and the rest are connected with lending institutions and bank oversight organisations.

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