The Anti Corruption Commission (ACC) is waiting for the Bangladesh Bank’s instruction to probe the alleged financial irregularities in the BASIC Bank. 
ACC Chairman M Badiuzzaman told this to The Independent yesterday. “We are yet to receive any instruction from the central bank for investigating the BASIC Bank loan scams,” said the ACC Chairman. After receiving the central bank’s order, the ACC will proceed with the process to initiate investigation into the matter, he added.
The central bank on Sunday sought the ACC’s assistance to investigate allegations of embezzlement against Sheikh Abdul Hye Bacchu, chairman of the recently dissolved board of the state-run bank. 
Bangladesh Bank general manager AFM Asaduzzaman said the central bank will give necessary instructions to the ACC soon for conducting probe into the BASIC Bank’s financial irregularities. 
The central bank plans to provide the reports of all financial irregularities of the BASIC Bank, including the recent one, to the ACC for further investigation, he added.
The move was taken to restore financial discipline of the bank, said the BB general manager.
The last time, ACC collected reports from the central bank on BASIC Bank in the middle of last year. “Now, we have more detail information, which we are planning to submit to the Commission for further investigation,” he 
also said.
Bangladesh Bank (BB) governor Dr Atiur Rahman on Sunday issued the directive when the newly appointed members of the Basic Bank's board of directors led by its chairman Alauddin A Majid called on him at BB headquarters, Asad also said.
While talking with the new chairman and board of directors of BASIC Bank, the governor also instructed the bank authorities to take stern action against its corrupt officials who had helped a vested quarter to swindle out Tk 4,500 crore from the bank.
The central bank has issued 11-point directives to the new BASIC Bank board asking it to implement those in an urgent basis," said BB executive director SM Moniruzzman at a media briefing on Sunday.
“These directives were issued to improve the financial health of the state-owned bank. 
The financial health of the bank continued to deteriorate in the wake of corruption and  irregularities in loan disbursement, also said the BB executive.
Earlier on July 6, the government dissolved the seven-member BASIC Bank board and appointed Alauddin A Majid as its chairman apparently to comply with the central bank recommendation. Later, it also appointed four new directors for the bank.