The Anti-Corruption Commission (ACC) has submitted a charge sheet against former BASIC Bank Chairman Sheikh Abdul Hye Bacchu and five others, including his family members, in a case related to money laundering. The case involves corruption and irregularities in the purchase of land in the Cantonment Bazar area of Dhaka. The land, initially valued at Tk152.5 million, was later revealed to be worth Tk1.10 billion. The ACC filed the case in October 2023, implicating Bacchu and others. Despite earlier probes indicating their involvement, Bacchu and board members were not named as accused in previous cases related to the Basic Bank scam. The chargesheet against Bacchu, a former member of parliament, comes eight years after the initial investigations. In total, Bacchu is accused in 58 out of 59 cases related to the Basic Bank scam, with 101 clients and 45 bank officials also implicated.
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