The central bank on Tuesday sent a 47-page detailed investigation report on the BASIC Bank Limited to the Anti-Corruption Commission (ACC) for taking legal action against the accused behind the scam.
"We've submitted the detailed investigation report on the BASIC Bank to the ACC for taking necessary action in this connection," Bangladesh Bank (BB) executive director SM Moniruzzaman told the FE.
He also said the central bank will extend all cooperation if the ACC seeks help to take punitive actions against the persons responsible for the scam in the state-owned bank.
"We've included the BB observer's findings on the bank in the detailed report," the BB executive director said without elaborating.
Earlier on November 28 last year, the central bank appointed the observer to the state-owned BASIC Bank for improving financial health through strengthening of supervision and monitoring.
Talking to the FE, another BB official said the observer has already submitted at least six reports mentioning different types of irregularities of the bank to the authorities concerned in the central bank for taking necessary action.
The observer is empowered to attend policy-making meetings including those of the board of directors, the executive committee and the audit committee of the BASIC Bank to oversee their functions.
"We've also included additional probe reports on Gulshan and Dilkusha branches of the specialised bank in the report," the central banker said. One report related to alleged money laundering by the bank.
He also said the BB also requested the ACC to inform the central bank about the latest update on the report from time to time.
Although the BB sent a file relating to loan irregularities at Gulshan, Banani and Shantinagar branches of the bank to the ACC on July 25 last year, the anti-graft watchdog is yet to respond with regard to taking actions in this regard, the BB official added.
The BB earlier found different types of irregularities in the BASIC Bank in providing loans, which included non-verification of customer's creditworthiness, absence of 'know your customer (KYC)' procedures, and extending loans to defaulters.
The BB investigations detected financial irregularities involving around Tk 45 billion of loans in the three branches between 2009 and 2013.
