The Board of Directors of Abdul Haiya approved the loan amounting to Tk 3,493 crore 43 lakhs in 11 meetings between April 5, 2013 and March 2, 2013. In the matter of irregularities, in September 2012, the bank's chairman, Kazi Fakhrul Islam, warned top officials including the then governor Atiur Rahman. But there was no profit in it.
When the Bangladesh Bank and the Ministry of Finance took over the irregularities, the government extended their tenure for two years as Chairman.
Contacted the Secretary of the financial institution. Yunusur Rahman told Prothom Alo that he was not the secretary of the department, so he can not say anything about this. At that time, Aslam Alam, the secretary of the financial institution division, is now the Rector of Bangladesh Public Administration Training Center.
On July 11, 2013, the then chairman of the Basic Bank AKM Rezaur Rahman gave the letter to the then chairman of the bank, Abdul Hai Bachchu, showing irregularities and corruption.