A Dhaka court has issued arrest warrants for former BASIC Bank chairman Sheikh Abdul Hye Bacchu and four members of his family in a money laundering case filed by the Anti-Corruption Commission (ACC).
Dhaka Metropolitan Senior Special Judge Mohammad As-Shams Jaglul Hossain issued the order on Thursday after taking into account the charge sheet submitted by the ACC, according to ACC Public Prosecutor (PP) Mir Ahmed Ali Salam.
The warrant has been issued against Abdul Hye Bacchu, his wife Shireen Akhtar, his brother Sheikh Shahriar alias Panna, daughter Sheikh Rafa Hye, son Sheikh Shabid Hye, and Amin Ahmed.
The case, filed by the ACC on October 2, 2023, alleges that Abdul Hye purchased approximately 30 kathas of land in Dhaka’s Cantonment area in his name and in the names of his wife and children. The actual value of the land was Tk110 crore, but he declared it to be Tk15.25 crore, laundering Tk94.75 crore by understating the land price, which constitutes a violation of the Prevention of Money Laundering Act.
Mir Ahmed Ali Salam added that the ACC had submitted the charge sheet against the six accused, including Amin Ahmed, on October 2 last year. Amin Ahmed is currently out on bail, while the rest, including Abdul Hye and his family members, are fugitives.
The court took the ACC’s charge sheet into consideration and ordered arrest warrants for the absconding individuals.
Earlier, on November 15 last year, the Dhaka Senior Special Judge's Court had ordered the confiscation of assets belonging to Sheikh Abdul Hye Bacchu and his family members in connection with the BASIC Bank scam.
