The Sheikh Hasina-led Awami League authorities printed Tk60,000 crore almost as we command sooner than its fall, allegedly to facilitate money smuggling by S Alam, in step with Shafiqul Alam, press secretary to the executive adviser.
He disclosed this one day of a press briefing on the Foreign places Carrier Academy in Dhaka this day (1 December).
“The commercial white paper has performed a put up-mortem of the notify yarn, revealing a horrifying portray of big loot,” Shafiqul acknowledged.
He added that Yunus suggested this “portray of looting” ought to be incorporated in textbooks to help as a ancient file.
Relating to the associated price document led by economist Debapriya Bhattacharya, Shafiqul acknowledged, “The executive adviser used to be panicked by the findings. The extent of looting that came about is enough to kick again one to the bone. Preparations ought to be made to enhance this money, and the white paper will possible be shared publicly.”
The document furthermore estimates that defaulted loans would possibly per chance per chance doubtless furthermore merely constitute as a lot as 30% of the banking sector, as per data from the Bangladesh Financial institution Governor.
Shafiqul clarified that the white paper is a three-month abstract and can merely be up up to now for a entire fable of the monetary mismanagement and money laundering.
The click secretary highlighted particular cases of wasteful expenditures, including a tunnel below the Karnaphuli River allegedly constructed by Saifuddin Ahmed Chowdhury nonetheless now unused.
He assured that the white paper would ingredient how inform funds had been siphoned in a foreign country.
Speaking on accountability, Shafiqul acknowledged, “All those focused on stealing the nation’s money will possible be delivered to justice. No person will possible be spared.”
He furthermore talked about that the authorities is collaborating with world companies, including the FBI, to ticket and increase the smuggled funds.
Per concerns about the printing of Tk22,500 crore for six frail banks, Shafiqul argued it wouldn’t affect inflation, describing the measure as “enjoy water in a well.”
Bangladesh Financial institution Governor Abdus Shahid Ahsan had earlier confirmed the printing one day of a separate press conference, explaining that it used to be intended to provide liquidity reinforce and defend depositors in financially frail banks.
Additional particulars of the findings will possible be equipped one day of a press conference by the associated price on Monday, Shafiqul well-liked.
