A staggering amount to the tune of US$16.77 billion or Taka 1,286 billion has been flown out of the country in 10 years from 2002 to 2011 through illicit money transfer, according to a study conducted by the Washington-based Global Financial Integrity (GFI).The highest, during the decade in a single year, amount of over US$ 2.86 billion or Taka 211 billion was gone out of Bangladesh through illicit money transfer in 2011. The second highest amount of money-over US$ 2.58...
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Leadership of the ruling Awami League (AL) has instructed Member of Parliament (MPs) to revamp the grassroots level organization centring the celebration of Eid-ul Fitr to create mass awareness about development activities of the government and thwart possible opposition agitation by the BNP-led 20-party alliance. “All Awami League MPs, except those scheduled to perform hajj, have gone to their respective constituencies with specific organizational instructions,” an AL Presidium member told The New Nation on Friday.BNP Chairperson Begum Khaleda, during the...
The case recently filed by Returning Officer of Lalmonirhat district against Jatiya Party Chairman HM Ershad for violating Representation of the People’s Order (RPO) is nothing but a veiled threat against the former military ruler, party leaders said requesting anonymity.The filing of the case was preceded by Ershad’s move to bring his party out of the government to make it a ‘real’ opposition party. His forcing of Leader of the Opposition in Parliament Begum Raushan Ershad to refrain from giving...
The world’s largest ‘craft-federation’-the Industri All Global Union-and the apex body of European buyers of garment products-the ACCORD have complained against Commerce Minister Tofail Ahmed that he had been intimidating trade union leaders and damaging the brands reputation.The complaints were lodged by the Secretary General of the Industriall Global Union and the Steering Committee on Accord on Fire and Building Safety in Bangladesh, which is popularly called as ACCORD through separate letter. The Industriall has lodged a complain to Prime...
Six influential US Congressmen, on Monday, have sought ‘personal assurance from Prime Minister Sheikh Hasina that all appropriate government authorities will properly investigate and respond to the serious allegations brought by the National Garment Workers Federation (NGWF) following the attacks in Valuka, as well as any other unresolved allegations of intimidation and violence that have been brought to the attention of the government.’ Requesting the Prime Minister to take personal initiative, the six (Senior) Congressmen, in a jointly signed letter,...
The recent announcement of scientists that ‘a large portion of Antarctica has began to collapse and it is the largest and most catastrophic Antarctic cleaving to date-taken as a sign that extreme changes to the global environment are inevitable, danger for Bangladesh and its people is more imminent than ever before because the rising of sea level has expedited.One thirds of the country’s landmass will submerge and 40 million people will become ‘climate refugee’ if the oceanic water level rises...
Authorities of the Bank of Switzerland have refused to divulge any information to Bangladesh Bank about deposits made by Bangladeshi citizens. “Like its bank, the Swiss government will also not share any information with Bangladesh government about Bangladeshi depositors’ money in Swiss bank-laundered illegally or otherwise,” an Executive Director of Bangladesh Bank told The New Nation on Wednesday.Bangladesh Bank’s Spokesperson and Executive Director Mahfuzur Rahman had a meeting with Chief of the Financial Intelligence Unit of the Bank of Switzerland...
Bangladesh’s remittances in the just-concluded financial year (2013-14 ) was US$14.23 billion as against US$14.46 billion a year ago (2012-13), marking a fall by 1.6 per cent, the first time in 13 years, according to the statistics released by Bangladesh Bank.The flow of inward remittances, except from the USA and Malaysia, was showing a declining trend mainly due to a fall in earnings from traditional Bangladesh market-Middle Eastern countries. Remittances from Saudi Arabia, which was the biggest market for Bangladeshi...
The politically appointed bosses of the country’s Nationalised Commercial Banks (NCB) are allegedly involved in plundering their respective banks enjoying immunity. They are getting “safe exit” from the government having looted the depositors money, some bankers alleged on Sunday.Talking to The New Nation separately, they referred to ‘safe and honourable exit’ of Basic Bank Chairman Sheikh Abdul Hye Bacchu, who is involved in swindling Taka 45 billion depositors’ as an example. An amount of about Taka 43 billion depositors’ money...
Leaders of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) sat for a reconciliation meeting on Wednesday with leaders of the National Garment Workers Federation (NGWF) over repression on Bhaluka (Mymensigh) labour activists. Representatives of owners of five RMG factories of Valuka and victim activists also attended the meeting at the BGMEA building at Kawran Bazar in the capital. The meeting reached a settlement of the issues of repression on labour activists,...
On third day to the conclusion of Indian External Affairs Minister Sushma Swaraj visit to Dhaka, a highly placed security official of Bangladesh told a Kolkata newspaper on Monday that the Border Guard Bangladesh (BGB) has ‘zero tolerance’ towards anti-India activities, including those by insurgents, and was taking stern steps in this direction.“We are taking stern action to curb anti-Indian activities, including insurgent activity, on our soil. Recently, we seized a huge cache of arms in Sylhet bordering India. We...
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