BB won\\\'t spare BASIC Bank scamsters: Atiur

The central bank will not spare scamsters for the BASIC Bank Limited for its alleged financial irregularities involving around Tk 45 billion.
"We'll not spare BASIC Bank for its irregularities," Bangladesh Bank (BB) Governor Dr. Atiur Rahman told reporters on Thursday.
He was replying to a query relating to filling charge-sheet by the Anti Corruption Commission (ACC) excluding the name of the bank's former chairman.
Former chairman of the bank Sheikh Abdul Hye Bacchu resigned on July 04 last year, following allegations of financial irregularities in the state-owned specialised bank.
The submission of resignation came days after recommendation by the central bank to the government for taking action against the board of directors of the state-owned bank in line with the existing Banking Companies Act.
The BB governor also said the central bank had submitted its inspection report on BASIC Bank to the Ministry of Finance and ACC for taking necessary actions.
On July 15 last year, the central bank sent a 47-page detailed investigation report on the bank to ACC for taking legal action against the main accused behind the scam.
"We expect that ACC will take action against the BASIC Bank irregularities considering national interest," Dr. Rahman noted.
The central bank earlier found different types of irregularities in the bank in providing loans, including non-verification of customers' creditworthiness, absence of 'know your customer (KYC)' procedures, and extending loans to defaulters.
The BB investigations detected financial irregularities involving loans of around Tk 45 billion in three of its branches - Gulshan, Dilkusha and Shantinagar - of the state-owned bank from 2009 to 2013.
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