A Dhaka court today (Sept 12) issued arrest warrants against former BASIC Bank Chairman Sheikh Abdul Hye Bacchu and four of his family members in a case filed over embezzlement and money laundering of around Tk95 crore.

Judge Mohammed Ash-Shams Joglul Hossain of the Metropolitan Senior Special Judge's Court of Dhaka passed the order after taking cognisance of the charges brought against Bacchu and five others.

The judge directed the officer-in-charge of Banani Police Station to submit by November 4 the reports on the execution of the arrest warrants issued against them.

On May 27, ACC Assistant Director Mohammad Neyamul Ahsan Gazi, also the investigation officer of the case, pressed charges against Bacchu, his wife Shirin Aktar and four others in the case.

The IO showed Bacchu and four others fugitives and appealed to the court to issue arrest warrants against them as they are yet to secure bail from any other courts in the country.

ACC Deputy Director Mohammad Nurul Huda filed the case with its integrated district office of Dhaka-1 on October 2 last year.

According to the case statement, Bacchu bought a 30.25 katha land for Tk 110 crore from Amin Ahmad, but two deeds showed the property value to be Tk 15.25 crore. Amin allegedly assisted in ensuring that the land price was shown lower than the market price.

Bacchu later transferred the land to his wife Shirin and sons Rafa an Anik.

BDST: 1547 HRS, SEPT 12, 2024
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