Breaking wall not needed to loot banks when VIPs can take money from vaults

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Police detained three persons for their alleged attempt to loot money by breaking the wall of IFIC Bank’s sub-branch in Capital’s Badda on Sunday. It is learnt that one person was caught red-handed from inside the bank. Later, two accomplices were detained based on his information. It seems that there is no problem in looting money from the banks by either breaking walls or opening vaults. It only needs some courage and links with a proper channel to digest the looted money. If the looting is done through the said process, there is no one to dare to touch the looter. In the Badda case, it seems the robbers were not smart enough to dodge the police or they’re used by a quarter from behind the scene to divert the attention from plundering money that was done earlier. Otherwise, keeping the vault unprotected could not have remained unnoticed by the bank’s security personnel.

Another matter is very fishy, it is yet not announced by the bank management how much money was looted and what action has been taken against the persons responsible for the bank’s internal security. Everybody knows that the directors can take money from the bank without prior approval of the board and not preparing any papers or keeping any asset mortgaged. Once money is out of the bank, it never returns. The bank officials show the amount of looted money in their ledger sheets as non-refundable loans. It has become a system nowadays. The Bangladesh Bank, regulatory body of the country’s banking sector, lends a deaf ear.

Bo stringent measures were taken against them under the country’s existing law even though they were identified after investigation. Not only that, in an incident taking Tk 19 crore in cash from Union Bank’s Gulshan Branch vault after office hours still remains suspicious. It is not yet officially disclosed who took the money and how it was directly taken from the vault after banking hours. Without revealing the VIP’s identity, the Union Bank authorities just said that the money has gone to a VIP client. In fact, some VIPs are now controlling our banks and stock exchanges, big industries and businesses and everything related to the economy. They don’t bother about doing fair business. They like big profits, plundering funds and looting banks to siphon off money abroad. Ultimately, they control politics too. We see no difference between the incidents of Badda IFIC Bank wall breaking and taking cash from Union Bank’s Gulshan vault. Both are incidents of looting.

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