Staff Reporter :
The High Court (HC) on Wednesday issued rule upon the government to explain as to why the debt write-off power of Bangladesh Bank should not be declared unconstitutional.
A division bench of the HC passed the order as Suo Moto after considering a report published in a daily newspaper.
Finance Secretary, Secretary of Banking Division of Ministry of Finance, Law Secretary, Governor of Bangladesh Bank, Auditor General, General Manager of Banking Operation Division of Bangladeah Bank have to comply with this rule.
Deputy Attorney General S M Moniruzzaman Kabir and Assistant Attorney General Khairunnessa confirmed about the court order.
The court also ordered the Bangladesh Bank Governor to submit a list of the persons and companies, which were granted debt waiver till December 31 in 2016 within 30 days. The Governor also has to submit a report by the same time if the debt waiver granted persons and companies accepted loans from any other bank or financial institution. If they accept, the amount also should be mentioned in the report.
The Registrar General of the Supreme Court has to convey the order of the court to the respondents by a special messenger.
The court fixed April 2 for further order in this regard.
