Editorial Desk :
Finance Minister AHM Mustafa Kamal in a bold lie in the parliament on Wednesday blamed loan defaulters for ruining banking sector.
Like many others in the government, he also thinks that people are crass fools and government’s lies are good for the government to remain blind about plundering of banks by the government’s own cronies.
The Finance Minister himself has destroyed the stock market and earned the ability to be the Finance Minister to protect the bank looters. He disclosed that 8,238 loan defaulters owed Tk 96,986.38 crore to various public and private banks till November last year.
The loan defaulters have taken loans from 55 banks other than their own ones. Besides, directors of 25 banks have taken loans from their own banks and the total amount of their outstanding loan was big enough to create chaos in banking system.
Only the other day the Finance Minister was full of praise about the country’s strong economic position to surpass that of Singapore and others in neighbourhood.
Please publish the names of defaulters if you have the courage and reveal the names of biggest defaulters who are around the government. Stealing money is a common practice to acquire financial strength for government’s own survival.
Even in dealing with the loan defaulters, his predecessor’s wrong policy to file criminal cases against them treating all of them loan defaulters had paved a way for money laundering.
As a result, the new policy to make possible negotiation between the honest borrowers and the banks is not working because of the criminal cases against them.
The problem is — the government is incapable to formulate any comprehensive policy to cope with any crisis. Due to the government’s senseless policy regarding loan defaulters many industries find it difficult to survive and carry on production.
We accept that some loan defaulters are to be blamed although it is not unusual even for honest businessmen to fail to pay back the installments in time for the adverse business conditions that went beyond their control.
But to call them criminals and start criminal cases treating them criminals is a wrong policy for the economy to grow. Failure to pay back loans is a civil liability.
They have also given collaterals against the loans. If the defaulters are sent to prison or put them in fear of imprisonment then the government is making it impossible to make alternative arrangements for repaying the loans.
Why the Finance Minister is quiet about those who without any investment robbed the banks including Bangladesh Bank is understandable. Please go against the newly started banks those have permitted big amount of loans to get favour from the government. And tell us how they made crores of taka overnight.
The reason is they are friends of the government. The government’s motivated policy allowed these thieves and robbers to be great supporters of the government.
Only after any change of the government it will be possible to reveal who have taken out of the country’s thousands of crores of taka and kept those in the foreign banks.
The defaulters are on record to be defaulters and under any honest government they will be bound to pay back the money. Those who have looted crores of public money from banks and other sources hiding their identities will also not remain unknown once there is some real change.
We feel sure that these thieves will not be able to enjoy all of their ill-gotten money. The day is not so far when they will be exposed as international criminals.
Finance Minister AHM Mustafa Kamal in a bold lie in the parliament on Wednesday blamed loan defaulters for ruining banking sector.
Like many others in the government, he also thinks that people are crass fools and government’s lies are good for the government to remain blind about plundering of banks by the government’s own cronies.
The Finance Minister himself has destroyed the stock market and earned the ability to be the Finance Minister to protect the bank looters. He disclosed that 8,238 loan defaulters owed Tk 96,986.38 crore to various public and private banks till November last year.
The loan defaulters have taken loans from 55 banks other than their own ones. Besides, directors of 25 banks have taken loans from their own banks and the total amount of their outstanding loan was big enough to create chaos in banking system.
Only the other day the Finance Minister was full of praise about the country’s strong economic position to surpass that of Singapore and others in neighbourhood.
Please publish the names of defaulters if you have the courage and reveal the names of biggest defaulters who are around the government. Stealing money is a common practice to acquire financial strength for government’s own survival.
Even in dealing with the loan defaulters, his predecessor’s wrong policy to file criminal cases against them treating all of them loan defaulters had paved a way for money laundering.
As a result, the new policy to make possible negotiation between the honest borrowers and the banks is not working because of the criminal cases against them.
The problem is — the government is incapable to formulate any comprehensive policy to cope with any crisis. Due to the government’s senseless policy regarding loan defaulters many industries find it difficult to survive and carry on production.
We accept that some loan defaulters are to be blamed although it is not unusual even for honest businessmen to fail to pay back the installments in time for the adverse business conditions that went beyond their control.
But to call them criminals and start criminal cases treating them criminals is a wrong policy for the economy to grow. Failure to pay back loans is a civil liability.
They have also given collaterals against the loans. If the defaulters are sent to prison or put them in fear of imprisonment then the government is making it impossible to make alternative arrangements for repaying the loans.
Why the Finance Minister is quiet about those who without any investment robbed the banks including Bangladesh Bank is understandable. Please go against the newly started banks those have permitted big amount of loans to get favour from the government. And tell us how they made crores of taka overnight.
The reason is they are friends of the government. The government’s motivated policy allowed these thieves and robbers to be great supporters of the government.
Only after any change of the government it will be possible to reveal who have taken out of the country’s thousands of crores of taka and kept those in the foreign banks.
The defaulters are on record to be defaulters and under any honest government they will be bound to pay back the money. Those who have looted crores of public money from banks and other sources hiding their identities will also not remain unknown once there is some real change.
We feel sure that these thieves will not be able to enjoy all of their ill-gotten money. The day is not so far when they will be exposed as international criminals.
