BASIC Bank has suspended its Gulshan branch manager S.M Waliullah on allegations of irregularities in loan disbursement.

The bank authorities took the decision yesterday.

The move came after two days of replacing him at the head office from Gulshan office. Earlier on April 15, six officers of BASIC bank including Gulshan branch former manager Shifar Ahmed were suspended.

The Bangladesh Bank on May 26, had temporarily suspended new loan disbursement from three branches including Gulshan, Shantinagar and Dilkusha branch of BASIC Bank due to massive irregularities and corruption.

Of the total 68 branches of the bank, the suspended three branches hold 61% loans of the total outstanding, according to Bangladesh Bank data.

The amount of total disbursed loan of BASIC Bank stood at Tk11,180 crore in March this year, of which Tk6,900 crore has been disbursed through the three branches.

BB inspections found last year that the bank had approved loans worth  Tk4,500 crore, mostly without proper documentation and scrutiny.