Bangladesh, Nov. 10 -- BASIC Bank PLC, a 100% state-owned commercial bank, has taken possession of a building in Motijheel, purchased for its head office, following more than a decade of legal proceedings.

The possession was handed over to the bank on Tuesday morning after the completion of an eviction drive carried out in accordance with the court's final judgment and subsequent orders, with assistance from law enforcement agencies.

Representatives of the Dhaka Metropolitan Commercial Court-2 were present during the operation and formally handed over the premises to the bank authorities.

During handover, Abu Md. Mofazzal, Managing Director (Current Charge), Subhash Chandra Das, FCA, FCMA, Deputy Managing Director, along with Md. Isma...