Dhaka, Bangladesh (BBN) - The management of scam-riddled BASIC Bank Limited fired its seven assistance officers on change of submission of fake certificates.
“We’ve terminated seven assistance officers (cash) after they were found guilty in providing fake certificates while obtaining jobs in the bank,” a senior BASIC Bank official told BBN in Dhaka.
He also said the management also terminated a deputy general manager and two arm guards from their contract services.
The state-owned commercial bank has issued two notifications in this connection.
The central bank earlier found different types of irregularities by the BASIC Bank in giving out loans, which include no verification of customer's creditworthiness, absence of know your customer (KYC) procedures, and extending loans to defaulters.
The Bangladesh Bank (BB) investigations also detected financial irregularities involving around Tk 45 billion of loans in the three branches located at Gulshan, Dilkusha and Shantinagar in Dhaka between 2009 and 2013.
BBN/SSR/AD-17Feb15-11:55 pm (BST)