HC asks ACC to probe assets of Basic bank MD, DMD

BASIC Bank
BASIC Bank

The High Court on Wednesday directed the Anti-Corruption Commission (ACC) to investigate the personal wealth of two former officials of Basic Bank over a loan scam of about Tk 45 billion.

The officiails are -- former managing director Kazi Fakhrul Islam and deputy managing director Fazlus Sobhan, reports UNB.

A bench of justice M Enayetur Rahim and justice Sahidul Karim passed the order after granting bails to four accused including DMD Fazlus Sobhan in the afternoon.

According to an inquiry of Bangladesh Bank (BB), about Tk 45 billion was swindled out of the Basic Bank in 2015.

In September of 2015, the ACC filed 54 cases with three police stations accusing 156 individuals including 26 Basic bank officials in this regard.