BASIC Bank scam: HC orders action against ACC if report not filed in 3 months

The High Court has directed the Anti Corruption Commission (ACC) to submit a report within the next three months after completing the investigation into the cases related to the BASIC Bank loan scam. 

The court also warned that legal action will be taken against the ACC if it fails to submit the report.

A High Court bench comprising Md Nazrul Islam Talukder and Justice Khizir Hayat gave the order after dismissing a bail petition of the bank's official Mohammad Ali, who is accused in three cases.

On November 26, ACC requested Malaysia to provide evidence regarding the embezzlement of thousands of crores of taka by BASIC Bank. 

“The request was made under the mutual legal assistance treaty (MLAT). The case is scheduled for a hearing on Monday,” said ACC lawyer Khurshid Alam Khan.

In September 2015, the ACC filed 56 cases against 156 people in connection with the swindling of about Tk2,000 crore from BASIC Bank. The detainees are accused in most of these cases.