ACC ordered to finish BASIC Bank probe in 60 days

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PV Desk : The High Court has directed the Anti-Corruption Commission or ACC to complete its probe into a loan scam case within 60 days after bringing the former chairman and the board of directors of BASIC Bank to book.

Abdul Hye Bachchu was the chairman of the bank when Tk 400 million loan was approved from the bank’s Shantinagar branch in November 2010.

Justice M Enayetur Rahim and Justice Shahidul Karim passed the order on Wednesday after hearing a petition filed by the ACC against a lower court bail to a suspect.

ACC lawyer Mamun Mahbub told that the BASIC Bank board and chairman had ignored their credit committee’s recommendation and approved Tk 400 million loans without proper documents to Syed Traders Managing Partner Syed Mahbubul Gani in 2010.

He said the ACC filed the loan scam case with Paltan Police Station on Sep 23, 2015, against nine people including Gani and Rupsha Surveyors Company’s chief surveyor Shahjahan Ali.