Two things come easy in Bangladesh -- getting big bank loans and blissfully failing to repay. The money in the vaults seems to be the easiest prey today.
Many private banks and influential individuals are illegally employing armed guards in violation of the firearms law.
Janata was almost a sound bank, the best among its state-owned peers until last year. It saw a dramatic fall in just six months since January this year.
It was the cabinet's oath-taking night after the 2001 parliamentary elections. The phone rang in the newsroom of The Daily Star. On the other end of the phone was the quivering voice of a man who, in his Dhaka University student days, was an infamous “armed cadre” of a political party.
He was hardly known to outsiders until his father, General Ziaur Rahman who became Bangladesh's president in the process of several coups and counter-coups, died in another military putsch in May 1981. Through a Bangladesh Television programme, the countrymen, eventually came to know of Tarique Rahman. And today, he is facing life term as the court verdict goes. From the crux of political power he now lives the life of a fugitive.
It is a piece of paper full of lies and yet it is the legal government document that allows a person to drink alcohol in Bangladesh.
Devoid of the whims, high-handedness and the Cold War propositions of the bilateral and multilateral donors, smaller countries had found a new source of financing in China. Its funds could be easily tapped without being imposed with the harsh conditions like those of the World Bank and the IMF
“Oh my God! Incredulous!” was the expression of a banking expert as he leafed through the Bangladesh Bank probe report. Page after page of it explains in painstaking details how a Bangladeshi business entity allegedly skimmed at least Tk 765 crore in the name of exports from the state-owned Janata Bank and the BB from January 2017 to February this year.
Two things come easy in Bangladesh -- getting big bank loans and blissfully failing to repay. The money in the vaults seems to be the easiest prey today.
Many private banks and influential individuals are illegally employing armed guards in violation of the firearms law.
It was the cabinet's oath-taking night after the 2001 parliamentary elections. The phone rang in the newsroom of The Daily Star. On the other end of the phone was the quivering voice of a man who, in his Dhaka University student days, was an infamous “armed cadre” of a political party.
Janata was almost a sound bank, the best among its state-owned peers until last year. It saw a dramatic fall in just six months since January this year.
He was hardly known to outsiders until his father, General Ziaur Rahman who became Bangladesh's president in the process of several coups and counter-coups, died in another military putsch in May 1981. Through a Bangladesh Television programme, the countrymen, eventually came to know of Tarique Rahman. And today, he is facing life term as the court verdict goes. From the crux of political power he now lives the life of a fugitive.
It is a piece of paper full of lies and yet it is the legal government document that allows a person to drink alcohol in Bangladesh.
Devoid of the whims, high-handedness and the Cold War propositions of the bilateral and multilateral donors, smaller countries had found a new source of financing in China. Its funds could be easily tapped without being imposed with the harsh conditions like those of the World Bank and the IMF
“Oh my God! Incredulous!” was the expression of a banking expert as he leafed through the Bangladesh Bank probe report. Page after page of it explains in painstaking details how a Bangladeshi business entity allegedly skimmed at least Tk 765 crore in the name of exports from the state-owned Janata Bank and the BB from January 2017 to February this year.
His Bhootergoli home seemed like a tubular, elongated chamber; dark and air heavy; dimly lit even at night. But it always gave the feeling of an art gallery.
As we understand, budgets are drawn up to prioritise where to spend money and how to do it. It is also about how to collect that money. The end result would be growth, prosperity and a people better equipped to face the tomorrow.
