BASIC Bank scam case against Bacchu, court to decide on charges

Court decision

A Dhaka court will decide on August 10 whether it will accept charges against four people, including former Chairman of Basic Bank Abdul Hye Bacchu, in a case filed about embezzlement of Tk 210.48 crore.

Judge Md Asaduzzaman of Dhaka Metropolitan Senior Special Judge Court today fixed the date after the charge sheet was placed in the court for its next course of action.

The other accused are BASIC Bank's sacked Managing Directors Kazi Faqurul Islam and Shah Alam Bhuiyan and Managing Director of Bay-Navigation Limited Faisal Murad Ibrahim.

Of them, Faisal Murad is on bail while Bacchu and two others have been absconding since the case was filed against them.

The Investigation Officer (IO) showed them as fugitives in the charge sheet as they did not get bail from any court in the country.

The IO also appealed to the court to issue arrest warrants against them.

On June 12, ACC Deputy Director Jahirul Huda, also the Investigation Officer of the case, submitted the charge sheet against them to the Dhaka Metropolitan Senior Special Judge Court.

On January 17 of 2018, the ACC filed the case with Motijheel Police Station in the capital against Faisal Murad and Faqurul Islam for their alleged involvement with embezzlement of Tk 210.48 crore.

According to the case statement, it was alleged that the bank officials on October 26 of 2014, in collusion with one another, sanctioned a loan of Tk 210.48 crore to Faisal Murad Hasan, without scrutinizing any documents submitted on behalf of the company.

But the IO found the involvement of Bacchu and Shah Alam and included them in the charge sheet. - Special Correspondent