Ex-chairman of Basic Bank, family sued over illegal wealth

NN Online:

The Anti-Corruption Commission (ACC) has filed four cases against Sheikh Abdul Hye Bacchu, the former chairman of Basic Bank Limited, and his family members on charges of amassing illegal wealth amounting to TK 248 crore and laundering money.

ACC Director General Md Akhter Hossain disclosed the matter at a media briefing on Sunday.

On June 12, 2023, the ACC approved charge sheets against 147 people including Abdul Hye Bacchu.

Out of the total 59 charge sheets by the agency, Abdul Hye Bacchu and Company Secretary Shah Alam Bhuiyan were included as new accused in the investigation of 58 cases.

However, Bacchu was not made an accused in any of the cases filed in 2015

Bacchu was made an accused in a charge sheet after 8 long years of filing the case.

Besides, a charge-sheet was submitted against six people, including Bacchu, his wife, children and brother, and Hotel Le Meridien owner Amin Ahmed in April last year, for allegedly trying to conceal information of around Tk 95 crore by showing the purchase of 30.25 kathas of land in the capital’s Cantonment Bazaar in April last year and evading revenue of TK 8.5 crore.