During the tenure of state-owned BASIC Bank former chairman Abdul Hye Bacchu, irregularities and corruption in the appointment and promotion of officials have taken place between 2009 and 2013, according to a special audit report of Commercial Audit Directorate under the Comptroller of Auditor General (CAG).
Abdul Hye alias Bacchu had been chairman of BASIC Bank between September 2009 and 6 July 2014.
Speaking to Prothom Alo, Transparency International Bangladesh (TIB) executive director Ifthekharuzzaman said it is not like that a section of officers are involved in such big irregularities. Without connection of high-ups it is not possible.
Whether there was misuse of power and financial transaction, that has to be examined, he said adding the ACC should look into it.
The audit directorate has given objections to appointment and promotion of 726 officials and employees.
These irregularities have been found after analysing recruitment-related and personal files of the bank during the audit of 2013, according to an audit report submitted to the public accounts committee in the parliament in the outgoing year of 30 December.