ACC seeks docs of Bacchu’s banking transactions

Anti-Corruption Commission today sent a letter to the Bangladesh Bank requesting to provide documents of all banking transaction of former BASIC Bank chairman Sheikh Abdul Hye Bacchu and his family members.

The anti-graft body sought the documents of all banking transaction of Bacchu and his family members this afternoon, a source in the ACC told The Daily Star.

Earlier on December 4, ACC for the first time grilled Bacchu over the loan scams involving about Tk 4,500 crore. During the quizzing, Bacchu denied his involvement in the scam, said ACC sources.

Read More: BASIC Bank Scam: ACC quizzes ex-chairman Bacchu

According to a Bangladesh Bank enquiry, about Tk 4,500 crore was siphoned out of BASIC Bank between 2010 and 2013 when Bacchu chaired its board.

On July 14, 2014, the central bank sent a report on the scam to the ACC, detailing how people embezzled money from the bank through shell companies and dubious accounts.

The BB found that Bacchu illegally influenced all the activities of the bank, leaving the once-sound institution in a grave state.