Dhaka, Bangladesh (BBN)- The central bank of Bangladesh sent a detailed investigation report on the BASIC Bank Limited to the Anti-Corruption Commission (ACC) on Tuesday for taking legal action against the main accused behind the scam.
“We’ve submitted the detailed investigation report on the BASIC Bank to the ACC for taking necessary action in this connection,” a senior official of the Bangladesh Bank (BB) told BBN in Dhaka.
He also said the central bank will extend our all cooperation if ACC seeks help to take punitive actions against the person responsible for the state-owned bank scam.
The central bank earlier found different types of irregularities by the BASIC Bank in providing loans, which include non-verification of customer's creditworthiness, absence of ‘know your customer (KYC)’ procedures, and extending loans to defaulters.
The BB investigations detected financial irregularities involving around BDT 45 billion of loans in the three branches located at Gulshan, Dilkusha and Shantinagar in Dhaka between 2009 and 2013.
BBN/SSR/AD-15July14-5:30 pm (BST)
