SUBJECT
Linked as former BASIC Bank chairman in ACC case and charge-sheet reporting.
FINANCIAL SCANDAL
BASIC Bank loan scam
A financial-sector accountability record concerning loan irregularities at state-owned BASIC Bank, Bangladesh Bank inspections, and ACC proceedings.
What happened
Public reporting described loan-approval and documentation irregularities at several BASIC Bank branches during 2009-2012. Reports in 2023 described ACC case activity involving former chairman Sheikh Abdul Hye Bacchu and others. This record treats the matters as allegations and proceedings, not as final convictions.
People involved and exact roles
Sources
Basic Bank scam: ACC files 59 cases against Bacchu, 146 others
ReviewedThe Daily Star · 12 Dec 2023
Report that the ACC filed cases against former Basic Bank chairman Sheikh Abdul Hye Bacchu and others over alleged loan irregularities.
View sourceBasic Bank loan scam case reporting
ReviewedBangladesh Sangbad Sangstha · 12 Dec 2023
State news report on ACC case activity involving former Basic Bank chairman Sheikh Abdul Hye Bacchu and others.
View source