The ACC started an initial investigation into the loan frauds in 2010 and finally filed 56 cases with three police stations in the capital against 156 people launching the formal investigation in 2015. Now the issues are being checked in detail,” said ACC Director Syed Iqbal Hossain, who is tasked with supervising the handling of the cases. Before Bachchu, the ACC quizzed 10 former directors of the bank who were part of the board headed by him. Earlier at an event on Mar 31, 2017, ACC Chairman Iqbal Mahmud said he faced questions only on BASIC Bank while there were similar scams in other banks as well. On Dec 6, 2017, the ACC filed a separate case over a Tk 78.5 million loan scam which occurred in the bank when Bachchu was the chairman, but his name was omitted again.

Source: bd News24 June 08, 2019 04:41 UTC