The Anti-Corruption Commission filed a case against nine people, including former Basic Bank Limited chairman Sheikh Abdul Hye Bachchu, for their alleged involvement in embezzling Tk 12 crore.
The commission also filed a case against 15 people, including The Delta Accessories Ltd chairman AKM Faruque Ahmed, his wife and the company鈥檚 director Ferdous Ara Begum for their suspected involvement in embezzling Tk 68.27 crore.
ACC director general (prevention) Md Akhter Hossain disclosed the information at a press briefing at the commission鈥檚 headquarters in Dhaka.
ACC deputy director Sumitra Sen filed the case against Sheikh Abdul Hye Bachchu and eight others for embezzling Tk 12.28 crore in the name of loans.
The other accused in the case include former Basic Bank directors Jahangir Akand Selim, Bijoy Bhattacharya, Professor Kazi Akhtar Hossain, Md Anwarul Islam, Nilufar Ahmed, former assistant general manager Golam Faruk Khan, and Belayet Navigation Company owner Gazi Belayet Hossain Mithu and his wife Nahid Akter.
According to the case statement, the accused, in collusion with each other, abused their power and misappropriated the funds.
In 2010, an account in the name of Belayet Navigation was opened and withdrew Tk 12.28 crore from the bank as a loan without providing collateral, showing only four proposed cargo vessels as mortgage.
Earlier, on July 31, the commission filed a case against 17 people, including Sheikh Abdul Hye Bachchu, on charges of embezzling Tk 30 crore by approving a loan to a fake company.
On June 12, 2023, the ACC approved charge sheets against 147 people, including Bachchu, in connection with 59 cases over embezzlement and laundering money from Basic Bank.
All the 59 cases were filed in 2015.
Bachchu, also a former Jatiya Party lawmaker for the Bagerhat-1 constituency, and company secretary Shah Alam Bhuiyan were included as new accused in 58 of these cases鈥攄espite not being named in any of the cases when they were filed.
In February 2024, a special judge鈥檚 court in Dhaka ordered further investigation in 14 out of 59 cases filed against Bachchu and others.
In another case filed in April 2024, Bachchu, his family members and owner of Hotel Le M茅ridien Amin Ahmed were accused of concealing information of Tk 95 crore through a land purchase in the capital鈥檚 cantonment area, including evasion of Tk 8.5 crore in revenue.
On February 9, 2025, the ACC filed four cases against Bachchu and his family members over allegations of illegally acquiring Tk 248 crore and laundering Tk 58 crore to Canada.
ACC on Sunday filed another case against Delta Accessories Limited chairman AKM Faruk Ahmed and 14 others on charges of embezzling Tk 68.27 crore.
According to the case statement, the accused withdrew over Tk 58.9 crore in the name of loans through nine accounts at the Motijheel corporate branch of Southeast Bank PLC.
As of November 26, 2023, the bank鈥檚 total claim, including interest and charges, stood at more than Tk 159.35 crore. Of this, Tk 91 crore has been repaid, while the remaining Tk 68.27 crore was allegedly embezzled by the accused.
The case also accused 13 officials of the bank鈥檚 Motijheel branch, as they allegedly, in collusion with Faruque Ahmed and his wife, embezzled the money.
The bank officials allegedly approved and disbursed the loans by bypassing banking regulations and without fulfilling the required conditions.
