ACC asks docs of Bacchu family’s banking transaction

Staff Correspondent: The Anti-Corporation Commission (ACC) has served a letter to the Bangladesh Bank (BB) seeking documents of all banking transaction of former BASIC Bank chairman Sheikh Abdul Hye Bacchu and his family members.

The letter signed by ACC deputy director Shamsul Alam was sent on Sunday Afternoon, according to its Public Relations Office.

In the letter, the anti-graft body sought the documents of all banking transaction of Bacchu and 10 of his family members.

Documents of his elder brother Sheikh Shahriar Panna owned Crown Properties, BM Copmputers and Eden Fisheries Ltd were also sought in the letter.

Earlier on December 18, ACC appointed its deputy director Shamsul Alam to investigate the illegal properties of Bacchu.

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.

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.

risingbd/Dhaka/December 24, 2017/MA Rahman/A K Azad