Of the $60 billion invested in ADP and grace projects over the previous 15 years, $14-24 billion (much like round Tk1.61-2.8 lakh crore) has been misplaced to political extortion, bribery and inflated budgets, sources at the White Paper committee urged The Industrial Customary.
The certainty comes a day sooner than the committee submits its file to the executive adviser of the meantime govt, Prof Muhammad Yunus, day after at the moment (1 December).
Debapriya Bhattacharya, head of the committee, at an match on Thursday (28 November), acknowledged their file will address a series of financial challenges, particularly the issue of the banking sector and the alarming level of capital flight throughout the final 15 years of Awami League rule.
The paunchy file will most seemingly be released at a press conference on Monday (2 November).
Earlier, a member of the White Paper committee acknowledged the then-governor of Bangladesh Financial institution, Abdur Rouf Talukder, avoided defaults from being labeled despite necessary mortgage defaults by influential industries admire S Alam Neighborhood.
Such intervention enabled S Alam Neighborhood and its associated institutions to stable mountainous amounts of loans under questionable situations, the committee member urged The Industrial Customary on situation of anonymity.
The committee, which is in the course of of finalising a comprehensive White Paper on Bangladesh’s financial system, has also uncovered that the ousted Awami League govt disclosed a powerful lower resolve on total mortgage defaults and distressed sources in the banking sector.
