BASIC BANK SCAM : 18 cases filed against 154 people

The Anti-Corruption Commission on Monday filed 18 cases against 154 BASIC Bank officials and 18 business firms on charge of embezzlement of Tk 705.80 crore from the bank.
The commission, however, did not prosecute former BASIC Bank chairman Sheikh Abdul Hai Bacchu.
Commission officials filed the cases with Motijheel, Paltan and Gulshan police stations under the Money Laundering Prevention Act 2012 and the Anti-Corruption Commission Act 2004, officials said.
Most of the accused were named in almost every case, the officials said.
The accused included former BASIC Bank managing director Kazi Fakhrul Islam, suspended deputy managing directors M Selim, Emdadul Haque, Kanak Kumar Purkayastha and Fazlul
Sobhan, suspended general manager Mohammed Ali Chowdhury, suspended assistant general manager M Ashrafuzzaman, suspended credit committee member secretary A Monayem Khan, its suspended general managers M Moniruzzaman and Shahjahan Molla, deputy general manager Khan Iqbal Hasan, former Shantinagar branch manager M Jalal Uddin, former assistant general manager SM Anisur Rahman Chowdhury, former Gulshan branch manager Shipper Ahmed and former local office manager Mohammad Ali.
The 18 companies are: UK Bangla Treading Ltd, M/s Tread House, M/s Seen Text, M/s SFG Shipping Line, Syed Construction Ltd, SL Designers Ltd, Monika Treading International, Little World Ltd, M/s Farshi International, Barshan Agro Industries Ltd, New Auto Define Ltd, Fiez International Ltd, Emerald Dresses Ltd, M/s Hasib Enterprise, M/s Voice Enterprise, M/s Haque Treading, M/s SOS Brothers and Bithi Enterprise.
Earlier on September 10, the commission approved filing of 54 cases against the bank officials and 54 business firms for embezzlement of Tk 3,000 crore.
The commission officials said that the commission would file the rest 36 cases after the Eid-ul-Azaha.
According to the first information reports, the money was embezzled during 2009 to 2012 using a large number of latter of credits and fake documents from BASIK Bank’s Shantinagar, Gulshan and local office branches.
Campaigners against corruption criticised the commission alleging that it worked to save the former BASIC Bank chairman Bacchu from the allegation.
Former adviser to caretaker government M Hafizuddin Khan said that the commission investigation was simply questionable as the loan scams could not have taken place without consent of the bank chairman.
Transparency International Bangladesh executive director Iftekharuzzaman said that the commission was committing a crime by making the bank officials scapegoats sparing former chairman.

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