ACC questions Basic Bank MD | Greenwatch Dhaka | The leading online daily of Bangladesh

ACC questions Basic Bank MD

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Anti-Corruption Commission yesterday interrogated managing director of BASIC Bank Limited Khondoker M Iqbal about the alleged loan scam of Tk 3,500 crore.
Former managing director Fakhrul Islam ignored the commission notice and did not appear before the anti-graft watchdog.
A team of the commission led by deputy director Syed Iqbal Hossain interrogated Iqbal for three hours beginning at 10:00am, an ACC official told reporters.He said that former managing director Fakhrul Islam not present at the commission without any notice as he also asked to present at the commission for facing interrogation.
The commission started the inquiry into alleged embezzlement of about Tk 3,500 crore from three branches of the BASIC Bank Limited.
According to the allegation, some little-known business firms had swindled the amount.
It said that the business firms had embezzled the money by drawing a number of credits of small amounts with the help of some senior bank officials during 2009 to 2011. – Staff Reporter

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