Staff Reporter :
The High Court (HC) on Wednesday directed the Anti-Corruption Commission (ACC) to conduct investigation into wealth information of Basic Bank’s former Managing Director (MD) Kazi Faqurul Islam and Deputy Managing Director (DMD) Fazlus Sobhan, who are also the accused of Basic Bank loan scam.
The HC Bench of Justice M Enayetur Rahim and Justice Shahidul Karim passed the order on Suo Moto after final hearing on Fazlus Sobhan’s bail petition as the two officers of the bank were on the top posts of the bank during the loan scam.
At the same time, the court granted bail to Fazlus Sobhan in four cases filed in the Basic Bank loan scam declaring rules absolute.
Advocate Khurshed Alam Khan appeared in the court on behalf of the ACC, while Barrister Rokan Uddin Mahmud stood for the accused.
Kazi Faqurul Islam was terminated from the post of MD in 2014 after the loan irregularities were found. After that, DMD Fazlus Sobhan was discharging the duty of MD.
Between September 21 to 23 in 2015, ACC filed 56 cases with Motijheel, Paltan and Gulshan Police Stations accusing 156 persons for loan scam of the bank.
Kazi Faqurul Islam is accused in 48 cases and Fazlus Sobhan is in 47 cases.
ACC’s lawyer Khurshed Alam Khan said, Fazlus Sobhan was not getting release as he was accused in more cases.
