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Nine banks incur net losses in Q1 | The Daily Star


The specialised development bank also incurred a net loss of Tk 533 crore last year.
This has given an indication that the net loss in the bank may increase to a large extent this year compared to the previous year.
An official of the lender said that it had been facing a large volume of default loans since 2012, when it gave out funds to the non-farm sector in a breach of banking norms.
The bank s loan recovery trend from the farm sector is good, but a large amount of fund has been stuck in the non-farm sector, which made it a loss-making lender, he added. ....

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Basic Bank Scams: Fate of 56 cases still up in the air


Basic Bank Scams: Fate of 56 cases still up in the air
Current ACC’s term ends this month
The five-year tenure of the Anti-Corruption Commission is about to end and a new one is to take charge this month but the fate of the probes into 56 cases filed in connection with the BASIC Bank loan scam remains uncertain.
Whenever asked about progress in the last five years, the ACC sounded like a scratched record. It always said it had failed to find the Tk 4,500 crore siphoned off from the bank between 2009 and 2013.
Dissatisfied with the ACC s delays, the High Court in 2018 even raised the question of whether the investigation officers was in connivance with the accused . ....

Sheikh Abdul Hye Bacchu , Jaha Alam , Abu Salek , Iqbal Mahmood , Corruption Commission , High Court , Anti Corruption Commission , Chairman Sheikh Abdul Hye Bacchu , ஷேக் அப்துல் யே பக்ச்சு , ஜஹா ஆலம் , இக்ப்யால் மஹ்மூத் , ஊழல் தரகு , உயர் நீதிமன்றம் , எதிர்ப்பு ஊழல் தரகு , தலைவர் ஷேக் அப்துல் யே பக்ச்சு ,

BASIC Bank loan scams: High Court disappointed at ACC's delay in completing probe


BASIC Bank loan scams: High Court disappointed at ACC s delay in completing probe
Star file photo
Star Digital Report
Star Digital Report
The High Court today expressed utmost dissatisfaction and disappointment with the Anti-Corruption Commission for the long delay in completing investigations in the cases over BASIC Bank loan scams.
More than five years have passed but the Anti-Corruption Commission is yet to submit charge sheets (to the lower court) in the cases filed for BASIC Bank loan scams. Will the investigation continue for an indefinite period? the HC bench of Justice M Enayetur Rahim and Justice Md Mostafizur Rahman said. ....

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