ACC grills BASIC Bank MD Khondoker Md. Iqbal over loan scam

S.Rahman.Dhaka:  The Anti Corruption Commission (ACC) on Thursday interrogated managing director of BASIC Bank Limited Khondoker Md Iqbal in connection with the much-talked-about Tk 3,500-crore loan scam.An ACC team, led by its deputy director Syed Iqbal Hossain, questioned him from about 10am to 1:30pm at the ACC head office, ACC public relations officer Pranab Kumar Bhattacharya told jatirkhantha.com.bd.

According to the allegation received by the ACC, BASIC Bank disbursed loans of about Tk 3,500 crore to a number of private companies violating the banking rules and the companies in collusion with bank officials swindled the money.

The ACC started probe into the allegation in 2011.