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Sheikh Abdul Hye Bachchu - Revision history
2026-08-18T16:51:03Z
Revision history for this page on the wiki
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Marinazhg: added page based on references
2025-02-28T16:06:41Z
<p>added page based on references</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 21:36, 28 February 2025</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|name = Sheikh Abdul Hye Bachchu</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|name = Sheikh Abdul Hye Bachchu</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|term_start = 1988</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|term_start = 1988</div></td></tr>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|predecessor = </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|predecessor =</div></td></tr>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|birth_date = </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|birth_date =</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|birth_place = </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|birth_place =</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|death_date = </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|death_date =</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>|death_place = </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>|death_place =</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|party = [[Bangladesh Jatiya Party]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|party = [[Bangladesh Jatiya Party]]</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>}}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>}}</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>'''Sheikh Abdul Hye Bacchu''' is a Bangladesh Jatiya politician and former <del style="font-weight: bold; text-decoration: none;">Member </del>of <del style="font-weight: bold; text-decoration: none;">Parliament </del>from [[Bagerhat-1]]. <del style="font-weight: bold; text-decoration: none;"> </del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>'''Sheikh Abdul Hye Bacchu''' is a Bangladesh Jatiya politician <ins style="font-weight: bold; text-decoration: none;">in Bangladesh </ins>and former <ins style="font-weight: bold; text-decoration: none;">member </ins>of <ins style="font-weight: bold; text-decoration: none;">parliament </ins>from [[Bagerhat-1]].</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Career==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Career==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>Bachchu was elected to parliament from [[Bagerhat-1]] as a candidate of Jatiya Party in 1988.<ref>{{cite web|title=List of the 4th Parliament members|url=http://www.parliament.gov.bd/images/pdf/formermp/4th.pdf|website=parliament.gov.bd|<del style="font-weight: bold; text-decoration: none;">publisher=Bangladesh Parliament|accessdate</del>=<del style="font-weight: bold; text-decoration: none;">21 February 2018</del>}}</ref> He claimed to have <del style="font-weight: bold; text-decoration: none;">a </del>close ties with Prime Minister [[Sheikh Hasina]].<ref>{{cite news|title=Govt-appointed boss comes under question|url=http://www.thedailystar.net/news/govt-appointed-boss-comes-under-question|accessdate=21 February 2018|work=The Daily Star|date=19 July 2013|language=en}}</ref> In 2011 he opened a deep sea fishing company, Eden Fisheries Ltd, and by 2013 had bought 11 ships for 1.5 billion taka.<ref>{{cite news|title=Curious buying spree|url=http://www.thedailystar.net/news/curious-buying-spree|accessdate=21 February 2018|work=The Daily Star|date=4 September 2013|language=en}}</ref></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>Bachchu was elected to parliament from [[Bagerhat-1]] as a candidate of Jatiya Party in 1988.<ref>{{cite web|title=List of the 4th Parliament members|url=http://www.parliament.gov.bd/images/pdf/formermp/4th.pdf |website=<ins style="font-weight: bold; text-decoration: none;">Bangladesh Parliament |language=bn |access-date=21 February 2018 |archive-url=https://web.archive.org/web/20190708101931/http://www.</ins>parliament.gov.bd<ins style="font-weight: bold; text-decoration: none;">/images/pdf/formermp/4th.pdf </ins>|<ins style="font-weight: bold; text-decoration: none;">archive-date</ins>=<ins style="font-weight: bold; text-decoration: none;">8 July 2019</ins>}}</ref> He claimed to have close ties with Prime Minister [[Sheikh Hasina]].<ref>{{cite news|title=Govt-appointed boss comes under question|url=http://www.thedailystar.net/news/govt-appointed-boss-comes-under-question|accessdate=21 February 2018|work=The Daily Star|date=19 July 2013|language=en}}</ref> In 2011 he opened a deep sea fishing company, Eden Fisheries Ltd, and by 2013 had bought 11 ships for 1.5 billion taka.<ref>{{cite news|title=Curious buying spree|url=http://www.thedailystar.net/news/curious-buying-spree|accessdate=21 February 2018|work=The Daily Star|date=4 September 2013|language=en}}</ref></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Bachchu served as the chairman of Basic Bank from September 2009 to 2013.<ref>{{cite news|title=Bacchu falls sick during quizzing|url=http://www.thedailystar.net/business/banking/sheikh-abdul-hye-bacchu-sick-quizzing-anti-corruption-commission-loan-scam-basic-bank-acc-1501042|accessdate=21 February 2018|work=The Daily Star|date=6 December 2017|language=en}}</ref> Basic Bank is a state owned bank in Bangladesh.<ref>{{cite news|title=ACC quizzes ex-BASIC Bank chairman Bacchu|url=http://www.thedailystar.net/business/former-basic-bank-chairman-sheikh-abdul-hye-bacchu-scam-cases-anti-corruption-commission-acc-bangladesh-1499923|accessdate=21 February 2018|work=The Daily Star|date=4 December 2017|language=en}}</ref></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Bachchu served as the chairman of Basic Bank from September 2009 to 2013.<ref>{{cite news|title=Bacchu falls sick during quizzing|url=http://www.thedailystar.net/business/banking/sheikh-abdul-hye-bacchu-sick-quizzing-anti-corruption-commission-loan-scam-basic-bank-acc-1501042|accessdate=21 February 2018|work=The Daily Star|date=6 December 2017|language=en}}</ref> Basic Bank is a state owned bank in Bangladesh.<ref>{{cite news|title=ACC quizzes ex-BASIC Bank chairman Bacchu|url=http://www.thedailystar.net/business/former-basic-bank-chairman-sheikh-abdul-hye-bacchu-scam-cases-anti-corruption-commission-acc-bangladesh-1499923|accessdate=21 February 2018|work=The Daily Star|date=4 December 2017|language=en}}</ref></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Controversy==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Controversy==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>During Bachchu's chairmanship more than 20 billion taka was embezzled from the bank. In 2015 [[Bangladesh Anti Corruption Commission]] <del style="font-weight: bold; text-decoration: none;">filled </del>56 cases regarding the corruption in the bank. According to [[Bangladesh Bank]], 45 billion taka in total was embezzled from the bank from 2010 to 2013, during the chairmanship of Bachchu. In July 2017 Bangladesh High Court ordered Bangladesh Anti Corruption Commission to investigate his alleged role in the Basic Bank scam.<ref>{{cite news|title=Basic Bank Loan Scam: Investigate Bacchu, board members|url=http://www.thedailystar.net/frontpage/basic-bank-loan-scam-investigate-bachchu-other-board-members-1439266|accessdate=21 February 2018|work=The Daily Star|date=27 July 2017|language=en}}</ref> He was interrogated by Bangladesh Anti Corruption Commission on 5 December 2017 for the first time since the cases were <del style="font-weight: bold; text-decoration: none;">filled</del>.<ref>{{cite news|title=BASIC Bank Scam: ACC quizzes ex-chairman Bacchu|url=http://www.thedailystar.net/frontpage/basic-bank-scam-acc-quizzes-ex-chairman-bacchu-1500247|accessdate=21 February 2018|work=The Daily Star|date=5 December 2017|language=en}}</ref> He was interrogated by the Commission again on 8 January 2018.<ref>{{cite news|title=Graft: BASIC <del style="font-weight: bold; text-decoration: none;">Bank’s </del>ex-chairman quizzed again|url=http://www.thedailystar.net/country/graft-basic-banks-ex-chairman-sheikh-abdul-hye-bacchu-quizzed-again-1516771|accessdate=21 February 2018|work=The Daily Star|date=8 January 2018|language=en}}</ref> According to the investigation of [[Bangladesh Financial Intelligence Unit]] in 2014, 200 million taka was transferred from firms that received fraudulent loans from Basic Bank to the accounts of the younger brother of Bachchu.<ref>{{cite news|title=BASIC Bank Loan Scam: Transfer of Tk 20cr raises questions|url=http://www.thedailystar.net/backpage/basic-bank-loan-scam-transfer-tk-20cr-raises-questions-1500961|accessdate=21 February 2018|work=The Daily Star|date=6 December 2017|language=en}}</ref> Bachchu's younger brother, Sheikh Shariar Panna, used to help arrange loans from the bank while taking a large percentage of the loans as "consultancy fees". The Finance Minister of Bangladesh, [[Abul Maal Abdul Muhith]], said that massive embezzlement took place in Basic Bank and that Bachchu was responsible for it.<ref>{{cite news|title=Mr Commission stays untouched|url=http://www.thedailystar.net/frontpage/mr-commission-stays-untouched-121534|accessdate=21 February 2018|work=The Daily Star|date=4 August 2015|language=en}}</ref></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>During Bachchu's chairmanship more than 20 billion taka was embezzled from the bank. In 2015 [[Bangladesh Anti Corruption Commission]] <ins style="font-weight: bold; text-decoration: none;">filed </ins>56 cases regarding the corruption in the bank. According to [[Bangladesh Bank]], 45 billion taka in total was embezzled from the bank from 2010 to 2013, during the chairmanship of Bachchu. In July 2017 Bangladesh High Court ordered Bangladesh Anti Corruption Commission to investigate his alleged role in the Basic Bank scam.<ref>{{cite news|title=Basic Bank Loan Scam: Investigate Bacchu, board members|url=http://www.thedailystar.net/frontpage/basic-bank-loan-scam-investigate-bachchu-other-board-members-1439266|accessdate=21 February 2018|work=The Daily Star|date=27 July 2017|language=en}}</ref> He was interrogated by Bangladesh Anti Corruption Commission on 5 December 2017 for the first time since the cases were <ins style="font-weight: bold; text-decoration: none;">filed</ins>.<ref>{{cite news|title=BASIC Bank Scam: ACC quizzes ex-chairman Bacchu|url=http://www.thedailystar.net/frontpage/basic-bank-scam-acc-quizzes-ex-chairman-bacchu-1500247|accessdate=21 February 2018|work=The Daily Star|date=5 December 2017|language=en}}</ref> He was interrogated by the Commission again on 8 January 2018.<ref>{{cite news|title=Graft: BASIC <ins style="font-weight: bold; text-decoration: none;">Bank's </ins>ex-chairman quizzed again|url=http://www.thedailystar.net/country/graft-basic-banks-ex-chairman-sheikh-abdul-hye-bacchu-quizzed-again-1516771|accessdate=21 February 2018|work=The Daily Star|date=8 January 2018|language=en}}</ref> According to the investigation of [[Bangladesh Financial Intelligence Unit]] in 2014, 200 million taka was transferred from firms that received fraudulent loans from Basic Bank to the accounts of the younger brother of Bachchu.<ref>{{cite news|title=BASIC Bank Loan Scam: Transfer of Tk 20cr raises questions|url=http://www.thedailystar.net/backpage/basic-bank-loan-scam-transfer-tk-20cr-raises-questions-1500961|accessdate=21 February 2018|work=The Daily Star|date=6 December 2017|language=en}}</ref> Bachchu's younger brother, Sheikh Shariar Panna, used to help arrange loans from the bank while taking a large percentage of the loans as "consultancy fees". The Finance Minister of Bangladesh, [[Abul Maal Abdul Muhith]], said that massive embezzlement took place in Basic Bank and that Bachchu was responsible for it.<ref>{{cite news|title=Mr Commission stays untouched|url=http://www.thedailystar.net/frontpage/mr-commission-stays-untouched-121534|accessdate=21 February 2018|work=The Daily Star|date=4 August 2015|language=en}}</ref></div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>{{Reflist<del style="font-weight: bold; text-decoration: none;">|30em</del>}}</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>{{Reflist}}</div></td></tr>
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Marinazhg
https://en.bharatpedia.org/w/index.php?title=Sheikh_Abdul_Hye_Bachchu&diff=300381&oldid=prev
>Hrksmp at 20:27, 28 December 2021
2021-12-28T20:27:28Z
<p></p>
<p><b>New page</b></p><div>{{short description|Bangladeshi politician}}<br />
{{Infobox officeholder<br />
|name = Sheikh Abdul Hye Bachchu<br />
|office = Member of Parliament<br />
|term_start = 1988<br />
|term_end = 1991<br />
|predecessor = <br />
|successor = <br />
|birth_date = <br />
|birth_place = <br />
|death_date = <br />
|death_place = <br />
|party = [[Bangladesh Jatiya Party]]<br />
}}<br />
<br />
'''Sheikh Abdul Hye Bacchu''' is a Bangladesh Jatiya politician and former Member of Parliament from [[Bagerhat-1]]. <br />
<br />
==Career==<br />
Bachchu was elected to parliament from [[Bagerhat-1]] as a candidate of Jatiya Party in 1988.<ref>{{cite web|title=List of the 4th Parliament members|url=http://www.parliament.gov.bd/images/pdf/formermp/4th.pdf|website=parliament.gov.bd|publisher=Bangladesh Parliament|accessdate=21 February 2018}}</ref> He claimed to have a close ties with Prime Minister [[Sheikh Hasina]].<ref>{{cite news|title=Govt-appointed boss comes under question|url=http://www.thedailystar.net/news/govt-appointed-boss-comes-under-question|accessdate=21 February 2018|work=The Daily Star|date=19 July 2013|language=en}}</ref> In 2011 he opened a deep sea fishing company, Eden Fisheries Ltd, and by 2013 had bought 11 ships for 1.5 billion taka.<ref>{{cite news|title=Curious buying spree|url=http://www.thedailystar.net/news/curious-buying-spree|accessdate=21 February 2018|work=The Daily Star|date=4 September 2013|language=en}}</ref><br />
<br />
Bachchu served as the chairman of Basic Bank from September 2009 to 2013.<ref>{{cite news|title=Bacchu falls sick during quizzing|url=http://www.thedailystar.net/business/banking/sheikh-abdul-hye-bacchu-sick-quizzing-anti-corruption-commission-loan-scam-basic-bank-acc-1501042|accessdate=21 February 2018|work=The Daily Star|date=6 December 2017|language=en}}</ref> Basic Bank is a state owned bank in Bangladesh.<ref>{{cite news|title=ACC quizzes ex-BASIC Bank chairman Bacchu|url=http://www.thedailystar.net/business/former-basic-bank-chairman-sheikh-abdul-hye-bacchu-scam-cases-anti-corruption-commission-acc-bangladesh-1499923|accessdate=21 February 2018|work=The Daily Star|date=4 December 2017|language=en}}</ref><br />
<br />
==Controversy==<br />
During Bachchu's chairmanship more than 20 billion taka was embezzled from the bank. In 2015 [[Bangladesh Anti Corruption Commission]] filled 56 cases regarding the corruption in the bank. According to [[Bangladesh Bank]], 45 billion taka in total was embezzled from the bank from 2010 to 2013, during the chairmanship of Bachchu. In July 2017 Bangladesh High Court ordered Bangladesh Anti Corruption Commission to investigate his alleged role in the Basic Bank scam.<ref>{{cite news|title=Basic Bank Loan Scam: Investigate Bacchu, board members|url=http://www.thedailystar.net/frontpage/basic-bank-loan-scam-investigate-bachchu-other-board-members-1439266|accessdate=21 February 2018|work=The Daily Star|date=27 July 2017|language=en}}</ref> He was interrogated by Bangladesh Anti Corruption Commission on 5 December 2017 for the first time since the cases were filled.<ref>{{cite news|title=BASIC Bank Scam: ACC quizzes ex-chairman Bacchu|url=http://www.thedailystar.net/frontpage/basic-bank-scam-acc-quizzes-ex-chairman-bacchu-1500247|accessdate=21 February 2018|work=The Daily Star|date=5 December 2017|language=en}}</ref> He was interrogated by the Commission again on 8 January 2018.<ref>{{cite news|title=Graft: BASIC Bank’s ex-chairman quizzed again|url=http://www.thedailystar.net/country/graft-basic-banks-ex-chairman-sheikh-abdul-hye-bacchu-quizzed-again-1516771|accessdate=21 February 2018|work=The Daily Star|date=8 January 2018|language=en}}</ref> According to the investigation of [[Bangladesh Financial Intelligence Unit]] in 2014, 200 million taka was transferred from firms that received fraudulent loans from Basic Bank to the accounts of the younger brother of Bachchu.<ref>{{cite news|title=BASIC Bank Loan Scam: Transfer of Tk 20cr raises questions|url=http://www.thedailystar.net/backpage/basic-bank-loan-scam-transfer-tk-20cr-raises-questions-1500961|accessdate=21 February 2018|work=The Daily Star|date=6 December 2017|language=en}}</ref> Bachchu's younger brother, Sheikh Shariar Panna, used to help arrange loans from the bank while taking a large percentage of the loans as "consultancy fees". The Finance Minister of Bangladesh, [[Abul Maal Abdul Muhith]], said that massive embezzlement took place in Basic Bank and that Bachchu was responsible for it.<ref>{{cite news|title=Mr Commission stays untouched|url=http://www.thedailystar.net/frontpage/mr-commission-stays-untouched-121534|accessdate=21 February 2018|work=The Daily Star|date=4 August 2015|language=en}}</ref><br />
<br />
==References==<br />
{{Reflist|30em}}<br />
<br />
{{DEFAULTSORT:Bachchu, Sheikh Abdul Hye}}<br />
[[Category:Bangladesh Jatiya Party politicians]]<br />
[[Category:Living people]]<br />
[[Category:Bangladeshi bankers]]<br />
[[Category:4th Jatiya Sangsad members]]<br />
[[Category:Year of birth missing (living people)]]<br />
<br />
<br />
{{Bangladesh-politician-stub}}</div>
>Hrksmp