Financial institutions

Financial institutions in the hands of looters

The country’s financial institutions have come under the control of looters, Jatiya party MP Kazi Firoz Rashid told Jatiya Sangsad yesterday.

He criticized the government for failing to stop money laundering and the looting of banks and other financial institutions.

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“Unchecked looting is going on in financial institutions as if there is no one to watch. Bangladesh Bank and the banking division of the Ministry of Finance are silent in this regard,” MP JP said during the discussion. on the proposed budget for Fiscal Year 2022-23.

He asked how PK Haldar looted thousands of crores from Taka and went overseas.

“It didn’t happen overnight. PK Haldar has traveled overseas 133 times with his six girlfriends,” he said.

The Jatiya party deputy complained that in the name of “Gono Tadanto [People’s Inquiry] Commission”, which had no basis, a 2,200-page investigation report was handed over to save these looters.

The People’s Commission of Inquiry in May submitted a ‘white paper’ on fundamentalist and communal violence to the Anti-Corruption Commission for taking action against 116 religious leaders and Islamic speakers claiming they engaged in money laundering and funding activists while spreading communal hatred.

In his speech, Rashid supported the proposal to bring back the siphoned money by paying taxes, although this is unethical.

He proposed to set the tax at 12% instead of 7 on the condition that people have to invest the money in the country.

Criticizing the finance minister, MP JP said the minister was favoring the wealthy section of the population while preparing the budget for the financial year 2022-23.