DHAKA, Nov 29, 2022 (BSS) - The High Court (HC) today ordered Anti-Corruption Commission (ACC) to complete probe into the loan scam of BASIC Bank Limited and submit its report to the lower court concerned within three months.

A High Court division bench of Justice Md Nazrul Islam Talukder and Justice Khizir Hayat passed the order, discharging rules issued regarding bail pleas of Mohammad Ali, former manager of Basic Bank's Shantinagar branch, in three cases.

Mohammad Ali, accused in 12 out of total 56 cases filed over BASIC Bank Limited loan scam and money embezzlement, pleaded for bail in three cases. Advocate SM Abul Hossain moved the pleas before the court, while Deputy Attorney General AKM Amin Uddin Manik argued for the state. Senior advocate Khurshid Alam Khan stood for the anti-graft body.

The High Court while hearing the bail pleas, had sought updated report on the matter on November 8. The ACC after that filed its report.

According to the ACC report, it has so far filed total 56 cases over embezzlement of around Taka 2,590 crore from different branches of the bank. Of the cases, 23 were filed with Gulshan Police Station, 12 with Motijheel Police Station and 21 with Paltan Police Station.