BASIC Bank
[3] In December 2003, Basic Bank signed an agreement with International Leasing and Financial Services Limited to provide loans.[5] In 2009, Dewan Zakir Hossain, Secretary at the Ministry of Information, was appointed chairman of BASIC Bank Limited.[6] Sheikh Abdul Hye Bacchu resigned as chairman of the bank following 4.5 billion taka in defaulted loans on 5 July 2014.[17][18] There was allegations that Anti Corruption Commission did not file cases against former chairman Sheikh Abdul Hye Bacchu because he is "Jatiya Party leader" and had "connections at high positions".[21] Mahjabeen Morshed, member of parliament of Jatiya Party, was sued by the Anti Corruption Commission for embezzling 2.75 billion taka from the bank.