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The Financial Express

Three Basic Bank officials get conditional bail

| Updated: December 07, 2017 12:42:21


Three Basic Bank officials get conditional bail

Three Basic Bank officials, including its deputy managing director Fazlus Sobhan, have got conditional bail in a number of cases filed over loan scam.

The High Court of Justice Enayetur Rahim and Justice Shahidul Karim granted the bail.

Fazlus Sobhan was granted bail in four cases while Basic Bank's Gulshan branch manager Shiper Ahmed and another bank official Mohammad Selim got bail in two cases.

As per bail conditions, the three bank officials will have to surrender their passports to the court and they cannot go abroad without court's permission.

In September 2015, the ACC filed 54 cases against 56 people, including bank officials, reports UNB.

According to an inquiry of Bangladesh Bank, about Tk 45.00 billion was swindled out from Basic Bank during six years while Sheikh Abdul Hye Bachhu served as its chairman.

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