The Financial Express

Basic Bank scam: ACC asked to complete probe within two and a half months

| Updated: March 05, 2021 10:36:24

Basic Bank scam: ACC asked to complete probe within 75 days

The High Court (HC) on Thursday directed the Anti-Corruption Commission (ACC) to complete the investigation of 21 corruption cases filed in connection with the Basic Bank scam within two and a half months and file charge sheets to the trial court.

The HC bench of Justice Md Nazrul Islam Talukder and Justice Mohi Uddin Shamim passed the order during the bail hearing of 20 graft cases filed against Iqbal Hossain Bhuiyan, managing partner of SD Survey Firm.

In 2015, the anti-graft watchdog agency lodged the 21 graft cases against Iqbal Hossain and several others in connection with the BASIC Bank loan scam for allegedly embezzling around Tk 7.0 billion (700 crore).

Confirming the matter, Deputy Attorney General AKM Amin Uddin Manik told The Financial Express that the two-and-a-half-month period for investigation and filing charge sheet will start from the date of receiving the HC's verdict copy.

The HC also directed the trial court to grant bail to Iqbal Hossain if the ACC is unable to end the investigation within the fixed period, he added.

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