By investing only Tk 400 crore to establish a bank, the bank owners are able to control the deposits of thousands of crores of taka, decide where to invest it, and who to lend it to.

A parliamentary on law today summons Anti-Corruption Commission (ACC) to know why it did not take action against Sheikh Abdul Hai Bacchu for his involvement in Basic Bank scam.

Janata was almost a sound bank, the best among its state-owned peers until last year. It saw a dramatic fall in just six months since January this year.

Janata was almost a sound bank, the best among its state-owned peers until last year. It saw a dramatic fall in just six months since January this year.

The High Court has found no tangible progress in the investigation into the cases filed over the loan scam of BASIC Bank in the last two and a half years although it repeatedly directed the Anti-Corruption Commission to carry out a fair probe.

The High Court yesterday expressed utmost dissatisfaction and disappointment with the Anti-Corruption Commission for the long delay in completing investigations in the cases over BASIC Bank loan scams.

Anti-Corporation Commission sends a letter to the Bangladesh Bank requesting to provide documents of all banking transaction of former BASIC Bank chairman Sheikh Abdul Hye Bacchu and his family members.

The Anti-Corruption Commission has asked former BASIC Bank chairman Sheikh Abdul Hye Bacchu not to leave the country so that his interrogation continues without any interruption.

Former BASIC Bank chairman Sheikh Abdul Hye Bacchu has once again pinned the blame on the bank's managing committee for the embezzlement of crores of taka from the scam-hit bank.

The Anti-Corruption Commission yesterday summoned former BASIC Bank chairman Sheikh Abdul Hye Bacchu and 10 former directors of the bank to its office for interrogation in scam cases involving about Tk 4,500 crore.

Three and a half years have elapsed since the BASIC bank scam took place and a new board was placed at its helm after the removal of its chairman and the board.

The Supreme Court yesterday expressed discontent at the Anti-Corruption Commission for not naming former BASIC Bank chairman

The Supreme Court directs Nahar Gardens Limited’s Managing Director Md Shafiul Islam alias Siaful Islam to surrender before a lower court immediately in a Basic Bank loan scam case.

The High Court yesterday directed the Anti-Corruption Commission and Bangladesh Bank to submit their probe reports on BASIC Bank loan scam.

A parliamentary watchdog yesterday blasted the Anti-Corruption Commission for failing to expose corruption committed by former BASIC Bank chairman Sheikh Abdul Hye Bacchu.

The parliamentary standing committee on finance ministry summons the Anti-Corruption Commission over the BASIC Bank scam.

Scam-hit BASIC Bank suspends four of its top officials as part of its efforts to rid the state lender of financial anomalies that cost it thousands of crores of taka in recent years.

The investigation into the Basic Bank fraud is the latest example of that twist of irony. A former managing director, other officials and a host of borrowers of the bank have been indicted.

The Anti-Corruption Commission (ACC) is going to file 23 more cases in connection with the Tk 5,000-crore BASIC Bank scam between 2010 and 2013.

Anti-Corruption Commission files a total of 18 cases with three police stations in Dhaka in connection with alleged irregularities and corruption at BASIC Bank.