ACC arrests official of BASIC Bank over loan scam

The Anti-Corruption Commission yesterday arrested Zainul Abedin Choudhury, a general manager of BASIC Bank, for his alleged involvement in a loan scam.

An ACC team led by its director Syed Iqbal Hossain picked up Choudhury from Motijheel at around 2:30pm.

The commission will produce him before the Chief Metropolitan Magistrate's Court, seeking a 10-day remand for interrogation, said an ACC official.

The anti-graft watchdog filed 56 cases last year, accusing 110 people and organisations for irregularities in loans worth about Tk 4,500 crore.

Of the accused, 27 were bank officials and the rest were borrowers and surveyors, according to the ACC.

So far this year, the commission arrested eight individuals, including BASIC Bank officials and borrowers, over the loan scams.