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- #76
I think Hasina will somehow save Aziz because he knows too much about Hasina's Kala Kartoot.
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- #77
Benazir's Savanna Eco Resort closed
Savanna Eco Resort and Natural Park, owned by former Inspector General of Police (IGP) Benazir Ahmed and his family, has been closed following allegations of illegal asset acquisition
Benazir's Savanna Eco Resort closed
Photo: Savanna Bangladesh
Savanna Eco Resort, owned by former Inspector General of Police (IGP) Benazir Ahmed and his family, has been closed following allegations of illegal asset acquisition.
The resort's booking manager, Md Sabbir, confirmed this to The Daily Star, stating that the closure was directed by the authorities due to technical issues.
Sabbir assured that the public would be informed via the resort's Facebook page once it reopens.
The shutdown comes amid ongoing investigations into the alleged illegal wealth accumulation by the former IGP and his family.
Photo: Savanna Bangladesh
Savanna Eco Resort, owned by former Inspector General of Police (IGP) Benazir Ahmed and his family, has been closed following allegations of illegal asset acquisition.
The resort's booking manager, Md Sabbir, confirmed this to The Daily Star, stating that the closure was directed by the authorities due to technical issues.
Sabbir assured that the public would be informed via the resort's Facebook page once it reopens.
The shutdown comes amid ongoing investigations into the alleged illegal wealth accumulation by the former IGP and his family.
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- #78
Tk 1.77 crore graft: Bakhrabad Gas ex-deputy manager, his wife sued
The Anti-Corruption Commission today filed a case against a former deputy manager of Bakhrabad Gas Distribution Company Ltd and his wife on charges of embezzling Tk 1.77 crore
Tk 1.77 crore graft: Bakhrabad Gas ex-deputy manager, his wife sued
Anti-Corruption Commission Logo
The Anti-Corruption Commission today filed a case against a former deputy manager of Bakhrabad Gas Distribution Company Ltd and his wife on charges of embezzling Tk 1.77 crore.
Deputy Assistant Director of Cumilla Office Mohammad Atiqur Rahman filed the case against Abdul Hai Bhuiyan, 62, and his wife Anjuman Ara Begum, 56, yesterday, Deputy Director Fazlul Haque said.
The accused are residents of Bara Vatua area of Comilla Barura upazila.
According to case statement, the accused who are currently living in West Bagichagaon of the town, could not show any source of acquisition of wealth worth more than TK 1.77 crore.
Anti-Corruption Commission Logo
The Anti-Corruption Commission today filed a case against a former deputy manager of Bakhrabad Gas Distribution Company Ltd and his wife on charges of embezzling Tk 1.77 crore.
Deputy Assistant Director of Cumilla Office Mohammad Atiqur Rahman filed the case against Abdul Hai Bhuiyan, 62, and his wife Anjuman Ara Begum, 56, yesterday, Deputy Director Fazlul Haque said.
The accused are residents of Bara Vatua area of Comilla Barura upazila.
According to case statement, the accused who are currently living in West Bagichagaon of the town, could not show any source of acquisition of wealth worth more than TK 1.77 crore.
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- #79
ACC decision likely today if ex-army chief Aziz to face probe
The Anti-Corruption Commission is likely to take a decision today regarding launching an inquiry into the corruption allegations against former army chief...
www.newagebd.net
ACC decision likely today if ex-army chief Aziz to face probe
Staff Correspondent 04 June, 2024, 00:30
Aziz Ahmed.
The Anti-Corruption Commission is likely to take a decision today regarding launching an inquiry into the corruption allegations against former army chief retired general Aziz Ahmed.
A scheduled meeting of the commission led by its chairman Mohammad Moinuddin Abdullah would be held on Tuesday at the commission headquarters in Dhaka where they may take a decision regarding an inquiry into the allegations against Aziz, said ACC officials on Monday.
Earlier on Thursday, the commission in a meeting discussed the graft complaints brought against Aziz, ordered its scrutiny cell to thoroughly examine the allegations and submit a report before the commission for the next course of action.
After the meeting ACC chairman Moinuddin Abdullah told New Age, 'We discussed the allegations against the former army chief.'
'We also asked the commission's scrutiny cell to scrutinise the allegations following rules and regulations and present a report before the commission,' he added.
ACC officials said on Monday that the three-member scrutiny cell had already completed its scrutiny and prepared a report.
Earlier, Supreme Court lawyer Salah Uddin Reagan filed a petition with the ACC on Wednesday seeking an inquiry into the alleged corruption of former army chief Aziz.
According to the lawyer's application, the United States sanctions against Aziz on corruption charges and the reports published in national dailies damaged the image of the Bangladesh Army and Bangladesh both nationally and internationally.
Reagan called unfortunate the ACC's reluctance to launch an investigation against Aziz even after such massive corruption allegations.
On May 21, the United States Department of State announced that the former chief of the Bangladesh Army, General Aziz Ahmed, and his family members were generally ineligible to enter the US due to his involvement in 'significant corruption'.
Talking to the media, Aziz, in his instant reaction, said that he was surprised at the announcement of such a US action against him on corruption allegations, which he termed baseless.
Aziz was Bangladesh army chief between 2018 and 2021.
Staff Correspondent 04 June, 2024, 00:30
Aziz Ahmed.
The Anti-Corruption Commission is likely to take a decision today regarding launching an inquiry into the corruption allegations against former army chief retired general Aziz Ahmed.
A scheduled meeting of the commission led by its chairman Mohammad Moinuddin Abdullah would be held on Tuesday at the commission headquarters in Dhaka where they may take a decision regarding an inquiry into the allegations against Aziz, said ACC officials on Monday.
Earlier on Thursday, the commission in a meeting discussed the graft complaints brought against Aziz, ordered its scrutiny cell to thoroughly examine the allegations and submit a report before the commission for the next course of action.
After the meeting ACC chairman Moinuddin Abdullah told New Age, 'We discussed the allegations against the former army chief.'
'We also asked the commission's scrutiny cell to scrutinise the allegations following rules and regulations and present a report before the commission,' he added.
ACC officials said on Monday that the three-member scrutiny cell had already completed its scrutiny and prepared a report.
Earlier, Supreme Court lawyer Salah Uddin Reagan filed a petition with the ACC on Wednesday seeking an inquiry into the alleged corruption of former army chief Aziz.
According to the lawyer's application, the United States sanctions against Aziz on corruption charges and the reports published in national dailies damaged the image of the Bangladesh Army and Bangladesh both nationally and internationally.
Reagan called unfortunate the ACC's reluctance to launch an investigation against Aziz even after such massive corruption allegations.
On May 21, the United States Department of State announced that the former chief of the Bangladesh Army, General Aziz Ahmed, and his family members were generally ineligible to enter the US due to his involvement in 'significant corruption'.
Talking to the media, Aziz, in his instant reaction, said that he was surprised at the announcement of such a US action against him on corruption allegations, which he termed baseless.
Aziz was Bangladesh army chief between 2018 and 2021.
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- #80
Aussie MP seeks review of funding for Bangladesh
An Australian lawmaker on Tuesday urged the country’s government to immediately review its funding arrangements with Bangladesh to ensure...
www.newagebd.net
Aussie MP seeks review of funding for Bangladesh
Staff Correspondent 04 June, 2024, 20:57
Abigail Boyd. | Collected photo.
An Australian lawmaker on Tuesday urged the country's government to immediately review its funding arrangements with Bangladesh to ensure they were being used to support the people of Bangladesh and not filling the pockets of corrupt officials.
Abigail Boyd, member of the Legislative Council and Temporary Chair of Committees, came up with the demand in a notice submitted to the Parliament of New South Wales.
Boyd shared a video of her statement made in parliament on her verified Facebook page.
She brought the issue to the house, referring to recent United States sanctions on former Army chief Aziz Ahmed over his involvement in 'significant corruption'.
In her notice, she said that this House notes that, on May 20, 2024, the US Department of State announced the public designation of former General Aziz Ahmed, previously chief of the Bangladesh Army Staff, for significant corruption, including interfering in public processes, assisting his brother to evade accountability for criminal activity, and accepting bribes in exchange for government appointments.
In addition, she asked the parliament to note that there were many reports of corrupt activity being carried out by Bangladeshi officials, with the chair of the Bangladeshi Anti-Corruption Commission stating in November 2020 that corruption and bribery are rampant in government services.
The Greens member also said that corruption in Bangladesh had undermined its democratic institutions and the public's faith in public institutions and processes, and the Bangladeshi authorities had further undermined democratic institutions and processes by rigging elections and violently silencing or arresting over 8,000 members of the opposition party in order to maintain power, subjecting their citizens to arbitrary arrests, intimidation, surveillance, extortion, and torture, and carrying out over 600 enforced disappearances since 2009, of which 100 individuals are still missing.
She also said that the Australian government gave $116.2 million in developmental aid to Bangladesh in the 2023–24 financial year and supported Bangladeshi students as they pursued graduate school in Australia.
To read the rest of the news, please click on the link above.
Staff Correspondent 04 June, 2024, 20:57
Abigail Boyd. | Collected photo.
An Australian lawmaker on Tuesday urged the country's government to immediately review its funding arrangements with Bangladesh to ensure they were being used to support the people of Bangladesh and not filling the pockets of corrupt officials.
Abigail Boyd, member of the Legislative Council and Temporary Chair of Committees, came up with the demand in a notice submitted to the Parliament of New South Wales.
Boyd shared a video of her statement made in parliament on her verified Facebook page.
She brought the issue to the house, referring to recent United States sanctions on former Army chief Aziz Ahmed over his involvement in 'significant corruption'.
In her notice, she said that this House notes that, on May 20, 2024, the US Department of State announced the public designation of former General Aziz Ahmed, previously chief of the Bangladesh Army Staff, for significant corruption, including interfering in public processes, assisting his brother to evade accountability for criminal activity, and accepting bribes in exchange for government appointments.
In addition, she asked the parliament to note that there were many reports of corrupt activity being carried out by Bangladeshi officials, with the chair of the Bangladeshi Anti-Corruption Commission stating in November 2020 that corruption and bribery are rampant in government services.
The Greens member also said that corruption in Bangladesh had undermined its democratic institutions and the public's faith in public institutions and processes, and the Bangladeshi authorities had further undermined democratic institutions and processes by rigging elections and violently silencing or arresting over 8,000 members of the opposition party in order to maintain power, subjecting their citizens to arbitrary arrests, intimidation, surveillance, extortion, and torture, and carrying out over 600 enforced disappearances since 2009, of which 100 individuals are still missing.
She also said that the Australian government gave $116.2 million in developmental aid to Bangladesh in the 2023–24 financial year and supported Bangladeshi students as they pursued graduate school in Australia.
To read the rest of the news, please click on the link above.
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‘Indulging in Graft’: ACC to make list of those who aided Benazir
An Anti-Corruption Commission (ACC) investigation team is now making a list of police officials, land officials, politicians, and others who aided and abetted former inspector general of police, Benazir Ahmed, in committing corruption.
'Indulging in Graft': ACC to make list of those who aided Benazir
An Anti-Corruption Commission (ACC) investigation team is now making a list of police officials, land officials, politicians, and others who aided and abetted former inspector general of police, Benazir Ahmed, in committing corruption.
Once the list is made, the ACC will quiz the individuals.
The sub-registrars of Dhaka, Gopalganj, Madaripur, and Gazipur land offices are likely to be among them, as Benazir and his family own properties in those districts.
A high official at the ACC requesting anonymity told The Daily Star, "Benazir committed corruption with the assistance of many individuals, as it would not have been possible to indulge in corruption to such extent alone. Most of his aides are police personnel."
The official said, "Some police officers even co-own some of Benazir's properties, like the Bhawal Resort in Gazipur."
These individuals reaped benefits when Benazir was the Dhaka Metropolitan Police commissioner, director general of Rab, and the IGP.
The ACC investigation team found that Benazir bought many pieces of land at prices much lower than the market value.
A list of sub-registrars who helped Benazir is being prepared, sources said.
ACC Chairman Mohammad Moinuddin Abdullah told The Daily Star yesterday, "Our investigation team is completely independent.
To read the rest of the news, please click on the link above.
An Anti-Corruption Commission (ACC) investigation team is now making a list of police officials, land officials, politicians, and others who aided and abetted former inspector general of police, Benazir Ahmed, in committing corruption.
Once the list is made, the ACC will quiz the individuals.
The sub-registrars of Dhaka, Gopalganj, Madaripur, and Gazipur land offices are likely to be among them, as Benazir and his family own properties in those districts.
A high official at the ACC requesting anonymity told The Daily Star, "Benazir committed corruption with the assistance of many individuals, as it would not have been possible to indulge in corruption to such extent alone. Most of his aides are police personnel."
The official said, "Some police officers even co-own some of Benazir's properties, like the Bhawal Resort in Gazipur."
These individuals reaped benefits when Benazir was the Dhaka Metropolitan Police commissioner, director general of Rab, and the IGP.
The ACC investigation team found that Benazir bought many pieces of land at prices much lower than the market value.
A list of sub-registrars who helped Benazir is being prepared, sources said.
ACC Chairman Mohammad Moinuddin Abdullah told The Daily Star yesterday, "Our investigation team is completely independent.
To read the rest of the news, please click on the link above.
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Withdraw provision to legalise black money: TIB
Transparency International Bangladesh (TIB) today expressed shock and disappointment over the “unethical provision” in the newly announced budget that allows the laundering of black money disguised as undisclosed income
Withdraw provision to legalise black money: TIB
Transparency International Bangladesh (TIB) today expressed shock and disappointment over the "unethical provision" in the newly announced budget that allows the laundering of black money disguised as undisclosed income.
TIB fears that the facility to legalise black money with just a 15 percent tax will discourage honest and legitimate taxpayers, as no authority will question the money and assets declared under this provision, according to a press release of the organisation.
"This will foster a liberal environment conducive to corruption in the country," it said.
Furthermore, this opportunity undermines the ruling party's election manifesto and its frequently reiterated pledge of zero tolerance against corruption.
"In light of these concerns, TIB is strongly demanding that the government withdraw this provision allowing the laundering of black money," it added.
TIB Executive Director Iftekharuzzaman expressed frustration over the logic behind keeping the provision to whiten black money.
He also expressed disappointment at how the Data Verification System (DVS) has resulted in legal complexities regarding the declaration of undisclosed money, leading to the legitimization of property purchases using such funds, primarily due to taxpayers' lack of awareness.
"Even more troubling is that no authority will have the opportunity to question these transactions," he said.
To read the rest of the news, please click on the link above.
Transparency International Bangladesh (TIB) today expressed shock and disappointment over the "unethical provision" in the newly announced budget that allows the laundering of black money disguised as undisclosed income.
TIB fears that the facility to legalise black money with just a 15 percent tax will discourage honest and legitimate taxpayers, as no authority will question the money and assets declared under this provision, according to a press release of the organisation.
"This will foster a liberal environment conducive to corruption in the country," it said.
Furthermore, this opportunity undermines the ruling party's election manifesto and its frequently reiterated pledge of zero tolerance against corruption.
"In light of these concerns, TIB is strongly demanding that the government withdraw this provision allowing the laundering of black money," it added.
TIB Executive Director Iftekharuzzaman expressed frustration over the logic behind keeping the provision to whiten black money.
He also expressed disappointment at how the Data Verification System (DVS) has resulted in legal complexities regarding the declaration of undisclosed money, leading to the legitimization of property purchases using such funds, primarily due to taxpayers' lack of awareness.
"Even more troubling is that no authority will have the opportunity to question these transactions," he said.
To read the rest of the news, please click on the link above.
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Whitening Black Money: ‘Unethical, unjust and unacceptable’
Backtracking on its promise to eliminate black money, the government has once again made room to allow both individuals and companies to whiten money without facing scrutiny and by paying a 15 percent tax, a move that drew sharp criticism from economists and civil society.
Whitening Black Money: 'Unethical, unjust and unacceptable'
Economists blast the provision
Backtracking on its promise to eliminate black money, the government has once again made room to allow both individuals and companies to whiten money without facing scrutiny and by paying a 15 percent tax, a move that drew sharp criticism from economists and civil society.
The government hopes the initiative will increase the flow of money into the economy despite such measures failing to yield any fruitful benefits in the past.
According to the new provision, no authority can raise any question if a taxpayer pays tax at fixed rates for immovable properties such as flats and land and 15 percent tax on other assets, including cash, irrespective of the existing laws of the country.
The scope to whiten black money will remain in place till June 2025.
Before the last national election, the Awami League's election manifesto promised strong measures against those hoarding undisclosed money as well as those engaged in corruption.
But economists and corruption watchdogs said that successive governments allowing the whitening of black money was akin to "licencing corruption".
"This scope shouldn't be allowed at all," said Prof Mustafizur Rahman, a distinguished fellow at the Centre for Policy Dialogue, a think tank. "It's unacceptable, ethically and financially."
To read the rest of the news, please click on the link above.
Economists blast the provision
Backtracking on its promise to eliminate black money, the government has once again made room to allow both individuals and companies to whiten money without facing scrutiny and by paying a 15 percent tax, a move that drew sharp criticism from economists and civil society.
The government hopes the initiative will increase the flow of money into the economy despite such measures failing to yield any fruitful benefits in the past.
According to the new provision, no authority can raise any question if a taxpayer pays tax at fixed rates for immovable properties such as flats and land and 15 percent tax on other assets, including cash, irrespective of the existing laws of the country.
The scope to whiten black money will remain in place till June 2025.
Before the last national election, the Awami League's election manifesto promised strong measures against those hoarding undisclosed money as well as those engaged in corruption.
But economists and corruption watchdogs said that successive governments allowing the whitening of black money was akin to "licencing corruption".
"This scope shouldn't be allowed at all," said Prof Mustafizur Rahman, a distinguished fellow at the Centre for Policy Dialogue, a think tank. "It's unacceptable, ethically and financially."
To read the rest of the news, please click on the link above.
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- #84
Tax measures to take toll on honest, relieve errant
Finance minister Abul Hassan Mahmood Ali on Thursday announced a series of measures, including reintroducing scope for legalising undisclosed money by paying tax at a...
www.newagebd.net
Tax measures to take toll on honest, relieve errant
Shakawat Hossain 07 June, 2024, 00:23
Finance minister Abul Hassan Mahmood Ali on Thursday announced a series of measures, including reintroducing scope for legalising undisclosed money by paying tax at a flat 15 per cent rate in the new national budget worth Tk 7.97 lakh crore.
Besides, the finance minister declared an expansion of Value Added Tax and cut income tax rebates to augment higher revenues and keep the budget deficit within a tolerable level as per the dictation of the International Monetary Fund under the $4.7 billion loan programme.
It was the first budget of the 82-year-old diplomat-turned-finance minister, who was under pressure to bring back macroeconomic stability amid a shortage of dollars and high inflation.
However, his measure to withdraw tax waivers from industries like air coolers and refrigerators and the imposition of a higher tax on juices and ice cream, electric bulbs, etc will force manufacturers to pass on the extra cost to consumers already reeling from decade-high inflation.
His expansionary tax measures will increase the living costs of the majority of people, while the affluent section will remain almost unharmed with an unchanged wealth surcharge.
The finance minister identified inflation as the main challenge for FY25.
His announcement of the expansion of the social safety net programme by increasing the number of beneficiaries and the continuation of subsidised food distribution has been welcomed by the economists, as they will continue assisting vulnerable groups amid prolonged economic distress.
To read the rest of the news, please click on the link above.
Shakawat Hossain 07 June, 2024, 00:23
Finance minister Abul Hassan Mahmood Ali on Thursday announced a series of measures, including reintroducing scope for legalising undisclosed money by paying tax at a flat 15 per cent rate in the new national budget worth Tk 7.97 lakh crore.
Besides, the finance minister declared an expansion of Value Added Tax and cut income tax rebates to augment higher revenues and keep the budget deficit within a tolerable level as per the dictation of the International Monetary Fund under the $4.7 billion loan programme.
It was the first budget of the 82-year-old diplomat-turned-finance minister, who was under pressure to bring back macroeconomic stability amid a shortage of dollars and high inflation.
However, his measure to withdraw tax waivers from industries like air coolers and refrigerators and the imposition of a higher tax on juices and ice cream, electric bulbs, etc will force manufacturers to pass on the extra cost to consumers already reeling from decade-high inflation.
His expansionary tax measures will increase the living costs of the majority of people, while the affluent section will remain almost unharmed with an unchanged wealth surcharge.
The finance minister identified inflation as the main challenge for FY25.
His announcement of the expansion of the social safety net programme by increasing the number of beneficiaries and the continuation of subsidised food distribution has been welcomed by the economists, as they will continue assisting vulnerable groups amid prolonged economic distress.
To read the rest of the news, please click on the link above.
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- #85
PM defends budgetary proposal for whitening black money
Prime Minister Sheikh Hasina today supported the budgetary provision for legalising black money saying that it should be brought to the legal network first
PM defends budgetary proposal for whitening black money
Prime Minister Sheikh Hasina. Photo: PID
Prime Minister Sheikh Hasina today supported the budgetary provision for legalising black money saying that it should be brought to the legal network first.
"The money should be allowed to come to the appropriate place (the banking channel) first with payment of a nominal amount of money (tax) and then they will have to pay tax regularly... If you go to catch fish, you need to provide feed," she said.
The premier was addressing a discussion arranged by Awami League at its office in Dhaka's Tejgaon area, marking the historic Six-point Day.
Talking about the scope for whitening black money, the prime minister said many raised questions regarding black money and argued that it would discourage legal tax prayers.
She said it's not right, rather the fact is the prices of everything went up and the owner of one katha land is a millionaire (kotipoti). But no one sells land at the government rate. They sell it at higher prices. So, they keep the surplus money received from the sale of land outside the banking network, she added.
The PM said the last budget during the BNP regime was of Tk 62,000 crore and that during the caretaker government was Tk 68,000 crore whereas her government has been able to place the budget of Tk 797,000 crore this time.
"This budget has focused on some basic demands and attached the highest priority to education, health, agriculture and local industries and social safety to ensure the basic rights of the people," she said.
Talking about the worldwide high inflation, the PM said the people with limited income are suffering due to Inflation. "But we've introduced family cards for the limited-income people so that they can purchase several essential commodities like rice, pulse and edible oil at fair prices. We're providing food to those who are extremely poor," she said.
Besides, the government has been providing financial assistance to the people under some 150 social safety programmes, providing free textbooks to school students, and providing the people with some 30 types of free medicines from the community clinics.
To read the rest of the news, please click on the link above.
Prime Minister Sheikh Hasina. Photo: PID
Prime Minister Sheikh Hasina today supported the budgetary provision for legalising black money saying that it should be brought to the legal network first.
"The money should be allowed to come to the appropriate place (the banking channel) first with payment of a nominal amount of money (tax) and then they will have to pay tax regularly... If you go to catch fish, you need to provide feed," she said.
The premier was addressing a discussion arranged by Awami League at its office in Dhaka's Tejgaon area, marking the historic Six-point Day.
Talking about the scope for whitening black money, the prime minister said many raised questions regarding black money and argued that it would discourage legal tax prayers.
She said it's not right, rather the fact is the prices of everything went up and the owner of one katha land is a millionaire (kotipoti). But no one sells land at the government rate. They sell it at higher prices. So, they keep the surplus money received from the sale of land outside the banking network, she added.
The PM said the last budget during the BNP regime was of Tk 62,000 crore and that during the caretaker government was Tk 68,000 crore whereas her government has been able to place the budget of Tk 797,000 crore this time.
"This budget has focused on some basic demands and attached the highest priority to education, health, agriculture and local industries and social safety to ensure the basic rights of the people," she said.
Talking about the worldwide high inflation, the PM said the people with limited income are suffering due to Inflation. "But we've introduced family cards for the limited-income people so that they can purchase several essential commodities like rice, pulse and edible oil at fair prices. We're providing food to those who are extremely poor," she said.
Besides, the government has been providing financial assistance to the people under some 150 social safety programmes, providing free textbooks to school students, and providing the people with some 30 types of free medicines from the community clinics.
To read the rest of the news, please click on the link above.
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- #86
This budget is for promoting black money: Fakhrul
BNP Secretary General Mirza Fakhrul Islam Alamgir today said the proposed national budget for the fiscal year 2024-25 as black money-friendly, saying it will further widen scope for corruption in the country
This budget is for promoting black money: Fakhrul
BNP Secretary General Mirza Fakhrul Islam Alamgir. File photo
BNP Secretary General Mirza Fakhrul Islam Alamgir today said the proposed national budget for the fiscal year 2024-25 as black money-friendly, saying it will further widen scope for corruption in the country.
"This budget is for promoting black money. This is also the budget of how black money can be whitened, corruption can be expanded, and money can be made (illegally)," he said.
Speaking at a seminar, the BNP leader also said the budget was not formulated for the welfare of the people or for creating job opportunities.
"There is no need to talk about the budget. You see the cartoon on the front page of The Daily Star, where a huge elephant is sitting on top of many ordinary farmers, workers, hardworking people… This brilliant cartoon has depicted a clear picture of the budget," he observed.
The BNP leader said the government has allocated huge amount of money for unproductive sectors for creating more scopes to plunder public money.
"Sonali Dal," a panel of teachers of Bangladesh Agricultural University, arranged the event at Dhaka Reporters' Unity (DRU), marking the 43rd death anniversary of former president and BNP founder Ziaur Rahman.
Fakhrul slammed the government for increasing the tax on capital machinery in the proposed budget. "What is the meaning of increasing tax on capital machinery? The meaning is that there should be no industry and factory here as machinery cannot be imported."
He said people are going through a very tough time due to a lack of employment and earning sources. "Those who used to do small business and work here in Dhaka are now moving to the villages for a lack of jobs. But they're also facing a terrible situation as there is no work there as well."
"This government is sustaining on lies. All statistics of this regime are false and fabricated. On which statistics will you make a plan? Benazir's (former IGP) corruption is everywhere now... Benazir is everywhere now," the BNP leader said.
BNP Secretary General Mirza Fakhrul Islam Alamgir. File photo
BNP Secretary General Mirza Fakhrul Islam Alamgir today said the proposed national budget for the fiscal year 2024-25 as black money-friendly, saying it will further widen scope for corruption in the country.
"This budget is for promoting black money. This is also the budget of how black money can be whitened, corruption can be expanded, and money can be made (illegally)," he said.
Speaking at a seminar, the BNP leader also said the budget was not formulated for the welfare of the people or for creating job opportunities.
"There is no need to talk about the budget. You see the cartoon on the front page of The Daily Star, where a huge elephant is sitting on top of many ordinary farmers, workers, hardworking people… This brilliant cartoon has depicted a clear picture of the budget," he observed.
The BNP leader said the government has allocated huge amount of money for unproductive sectors for creating more scopes to plunder public money.
"Sonali Dal," a panel of teachers of Bangladesh Agricultural University, arranged the event at Dhaka Reporters' Unity (DRU), marking the 43rd death anniversary of former president and BNP founder Ziaur Rahman.
Fakhrul slammed the government for increasing the tax on capital machinery in the proposed budget. "What is the meaning of increasing tax on capital machinery? The meaning is that there should be no industry and factory here as machinery cannot be imported."
He said people are going through a very tough time due to a lack of employment and earning sources. "Those who used to do small business and work here in Dhaka are now moving to the villages for a lack of jobs. But they're also facing a terrible situation as there is no work there as well."
"This government is sustaining on lies. All statistics of this regime are false and fabricated. On which statistics will you make a plan? Benazir's (former IGP) corruption is everywhere now... Benazir is everywhere now," the BNP leader said.
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- #87
Amnesty for black money: what are the proposed tax measures?
By re-launching the initiative, the government seeks to increase the flow of money into the economy, although such measures failed to yield any fruitful benefit in the past.
Amnesty for black money: what are the proposed tax measures?
By re-launching the initiative, the government seeks to increase the flow of money into the economy, although such measures failed to yield any fruitful benefit in the past.
The government wants to re-introduce the provision allowing individuals and companies to whiten their black money without facing any question from any authority about the source of the wealth.
According to the new provision, a taxpayer needs to pay tax at fixed rates against investment in immovable properties such as flats and land.
In case of other assets, including cash and deposits in banks, a taxpayer will need to pay a 15 percent tax on the amount to legalise his/her income.
By re-launching the initiative, the government seeks to increase the flow of money into the economy, although such measures failed to yield any fruitful benefit in the past.
The unquestioned amnesty to black money will remain effective from July 1 this year to June 30 next year if the lawmakers approve the proposal placed by Finance Minister Abul Hassan Mahmood Ali on June 6 as part of tax measures for the next fiscal year.
But what are the provisions in his proposal?
By paying a 15 percent tax, one can invest his/her undeclared money in financial schemes and instruments, in the stock market or deposits in banks.
To read the rest of the news, please click on the link above.
By re-launching the initiative, the government seeks to increase the flow of money into the economy, although such measures failed to yield any fruitful benefit in the past.
The government wants to re-introduce the provision allowing individuals and companies to whiten their black money without facing any question from any authority about the source of the wealth.
According to the new provision, a taxpayer needs to pay tax at fixed rates against investment in immovable properties such as flats and land.
In case of other assets, including cash and deposits in banks, a taxpayer will need to pay a 15 percent tax on the amount to legalise his/her income.
By re-launching the initiative, the government seeks to increase the flow of money into the economy, although such measures failed to yield any fruitful benefit in the past.
The unquestioned amnesty to black money will remain effective from July 1 this year to June 30 next year if the lawmakers approve the proposal placed by Finance Minister Abul Hassan Mahmood Ali on June 6 as part of tax measures for the next fiscal year.
But what are the provisions in his proposal?
By paying a 15 percent tax, one can invest his/her undeclared money in financial schemes and instruments, in the stock market or deposits in banks.
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Suspicious transactions, capital flight growing
Suspicious transactions linking to money laundering are growing in the county amid the resource crunch caused by a persistent dollar shortage.
www.newagebd.net
Suspicious transactions, capital flight growing
Shakhawat Hossain 09 June, 2024, 23:57
Suspicious transactions linking to money laundering are growing in the county amid the resource crunch caused by a persistent dollar shortage.
According to a budget document, the Bangladesh Financial Intelligent Unit received 12,046 suspicious transaction reports and suspicious activity reports in the first nine months of the outgoing FY24.
The number was around 10,000 during the same period of FY23 with the BFIU recording overall 14,100 STRs and SARs at the end of FY23.
The BIFU also took measures against 25.9 million cash transaction reports in the first nine month of the outgoing FY24, said the budget document prepared by the Financial Institutions Division over the country's financial sector.
Former Bangladesh Bank governor Salehuddin Ahmed, however, called the government initiatives to check the hundi and capital flight insufficient.
The inflow of remittance did not reflect the growing number of overseas job seekers from the country, he said, adding that hundi diverted remittance elsewhere.
Some 11 lakh Bangladeshi sought overseas jobs in FY23 as the Middle East countries hired workers from Bangladesh in an increased number.
But despite the rise in employment, inward remittance had not increased much.
For the period of July–April in the current financial year FY24, remittance inflow reached $21.3 billion against $19.1 billion earned in the same period of FY23.
The Financial Institutions Division report said the the BFIU suspended 27,860 individual mobile financial service accounts and two MFS providers in the first nine months of the outgoing FY24.
The BFIU also closed down 291 websites, 33 apps and 464 social media platforms for same reasons during the same period.
On May 9, finance minister Abul Hassan Mahmood Ali said that money laundering was increasing due to online gambling, gaming and hundi while responding to a question in the parliament.
Taking advantage of this development in technology, some unscrupulous circles became involved in criminal activities such as online gambling/betting, gaming, forex/cryptocurrency trading and hundi, he said.
As a result, he said that money was being smuggled out of the country leading to the loss of foreign currency.
Remittance significantly contributes to the country's balance of payments, but the slower than expected growth had deepened the current economic crisis begun in April 2022.
To read the rest of the news, please click on the link above.
Shakhawat Hossain 09 June, 2024, 23:57
Suspicious transactions linking to money laundering are growing in the county amid the resource crunch caused by a persistent dollar shortage.
According to a budget document, the Bangladesh Financial Intelligent Unit received 12,046 suspicious transaction reports and suspicious activity reports in the first nine months of the outgoing FY24.
The number was around 10,000 during the same period of FY23 with the BFIU recording overall 14,100 STRs and SARs at the end of FY23.
The BIFU also took measures against 25.9 million cash transaction reports in the first nine month of the outgoing FY24, said the budget document prepared by the Financial Institutions Division over the country's financial sector.
Former Bangladesh Bank governor Salehuddin Ahmed, however, called the government initiatives to check the hundi and capital flight insufficient.
The inflow of remittance did not reflect the growing number of overseas job seekers from the country, he said, adding that hundi diverted remittance elsewhere.
Some 11 lakh Bangladeshi sought overseas jobs in FY23 as the Middle East countries hired workers from Bangladesh in an increased number.
But despite the rise in employment, inward remittance had not increased much.
For the period of July–April in the current financial year FY24, remittance inflow reached $21.3 billion against $19.1 billion earned in the same period of FY23.
The Financial Institutions Division report said the the BFIU suspended 27,860 individual mobile financial service accounts and two MFS providers in the first nine months of the outgoing FY24.
The BFIU also closed down 291 websites, 33 apps and 464 social media platforms for same reasons during the same period.
On May 9, finance minister Abul Hassan Mahmood Ali said that money laundering was increasing due to online gambling, gaming and hundi while responding to a question in the parliament.
Taking advantage of this development in technology, some unscrupulous circles became involved in criminal activities such as online gambling/betting, gaming, forex/cryptocurrency trading and hundi, he said.
As a result, he said that money was being smuggled out of the country leading to the loss of foreign currency.
Remittance significantly contributes to the country's balance of payments, but the slower than expected growth had deepened the current economic crisis begun in April 2022.
To read the rest of the news, please click on the link above.
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Provision to whiten black money an injustice to honest taxpayers: speakers
Prof Selim Raihan, executive director of SANEM, criticises the tax disparity between honest earners and black money holders
Provision to whiten black money an injustice to honest taxpayers: speakers
The provision for whitening black money by paying 15 percent tax in the proposed national budget for 2024-25 fiscal year will encourage corruption, and it stands against the values of a just society, said speakers at an event today.
They remarks came at a national budget review programme organised by the Economics department of Dhaka University on the premises.
Prof Selim Raihan, executive director of SANEM, criticised the tax disparity between honest earners and black money holders.
"People with legal incomes have to pay 30 percent or more taxes, while those legalising black money will pay 15 percent. This is an injustice to honest taxpayers," he said.
Raihan questioned the realism of the government's target to reduce inflation to 6.5 percent within the next fiscal year, with a GDP growth target of 6.75.
"The exchange rate needs to be stabilised and the government should further undertake major reform initiatives to address problems in the financial sector, including defaulted loans," he added.
Prof Masuda Yasmin, chairman of DU Economics department, expressed her disappointment with the budget, saying it failed to meet expectations amid the current economic crisis.
"The economy needs stability, even if it means slower growth," she said.
Prof Sayema Haque said the government could have reduced the budget deficit further, warning that borrowing from the domestic sector to meet the deficit could lead to increased inflation.
DU Vice Chancellor Dr ASM Maksud Kamal highlighted the growing waste in various sectors due to a lack of skills and the need for special attention to agricultural production in light of climate change.
"There will be a significant risk to food security in future if the agriculture sector isn't given priority in the budget," he said.
Speakers also talked on issues including social security, large-scale investment, industrialisation, and the health system.
They called for increased allocation and incentives in the SME (small and medium-sized enterprises) sector, proper use of budget allocations, and institutional measures against corruption to ensure proper implementation.
Prof Ferdowsi Nahar, Rumana Haque, Saima Haque, and Syed Naimul Wadood also spoke at the event.
The provision for whitening black money by paying 15 percent tax in the proposed national budget for 2024-25 fiscal year will encourage corruption, and it stands against the values of a just society, said speakers at an event today.
They remarks came at a national budget review programme organised by the Economics department of Dhaka University on the premises.
Prof Selim Raihan, executive director of SANEM, criticised the tax disparity between honest earners and black money holders.
"People with legal incomes have to pay 30 percent or more taxes, while those legalising black money will pay 15 percent. This is an injustice to honest taxpayers," he said.
Raihan questioned the realism of the government's target to reduce inflation to 6.5 percent within the next fiscal year, with a GDP growth target of 6.75.
"The exchange rate needs to be stabilised and the government should further undertake major reform initiatives to address problems in the financial sector, including defaulted loans," he added.
Prof Masuda Yasmin, chairman of DU Economics department, expressed her disappointment with the budget, saying it failed to meet expectations amid the current economic crisis.
"The economy needs stability, even if it means slower growth," she said.
Prof Sayema Haque said the government could have reduced the budget deficit further, warning that borrowing from the domestic sector to meet the deficit could lead to increased inflation.
DU Vice Chancellor Dr ASM Maksud Kamal highlighted the growing waste in various sectors due to a lack of skills and the need for special attention to agricultural production in light of climate change.
"There will be a significant risk to food security in future if the agriculture sector isn't given priority in the budget," he said.
Speakers also talked on issues including social security, large-scale investment, industrialisation, and the health system.
They called for increased allocation and incentives in the SME (small and medium-sized enterprises) sector, proper use of budget allocations, and institutional measures against corruption to ensure proper implementation.
Prof Ferdowsi Nahar, Rumana Haque, Saima Haque, and Syed Naimul Wadood also spoke at the event.
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Probe initiated against Aziz’s siblings
An investigation has been initiated into the alleged passport and NID card forgery against former army chief general Aziz Ahmed’s siblings Haris Ahmed and...
www.newagebd.net
Probe initiated against Aziz's siblings
Staff Correspondent 11 June, 2024, 00:27
Aziz Ahmed
An investigation has been initiated into the alleged passport and NID card forgery against former army chief general Aziz Ahmed's siblings Haris Ahmed and Tofael Ahmed.
The Anti-Corruption Commission sent letters to the Election Commission and the Department of Immigration and Passports in the past week to investigate the allegations, said commission chairman Mohammad Moinuddin Abdullah on Monday.
The Election Commission on Sunday formed a committee with three members of its National Identity Card wing to investigate how Haris and Tofael, also known as Joseph, obtained NID cards using false information, chief election commissioner Kazi
Habibul Awal told journalists on Monday.
He said, 'The NID has a technical side. There may be loopholes in this technology, but if only 0.01 per cent people abuse it, efforts should be made to bring them to justice.'
No investigation has, however, been initiated into the alleged forgery by former inspector general of police Benazir Ahmed in obtaining ordinary passport despite being a public servant.
ACC lawyer Khurshid Alam Khan told New Age, 'Now the ACC is conducting an inquiry into the allegations brought against Benazir Ahmed over amassing wealth and money laundering.'
The commission will also take further step if its inquiry finds other anomalies such as irregularities in obtaining passport, he said.
Recent reports suggested that Haris used the alias Mohammad Hasan to obtain an NID card, falsely listing Suleman Sarkar and Rahela Begum as his parents.
Additionally, he changed his photo on his NID card in 2019, with the recommendation for the change coming from his brother Aziz Ahmed when he was the army chief.
Tofael Ahmed, alias Joseph, possessed two NID cards—one under his actual name with parents listed as Abdul Wadud and Renuja Begum, and another under the name Tanvir Ahmed Tanjeel, with different parent names.
The ACC is also scrutinising allegations of corruption against retired general Aziz Ahmed following a petition submitted by a lawyer recently.
This development came after the United States had imposed sanctions on Aziz Ahmed and his immediate family members on May 21, citing his alleged involvement in serious corruption.
Aziz served as the chief of army staff from June 2018 to June 2021 and also led the Border Guard Bangladesh from 2012 to 2016.
Aziz, the eldest among five brothers, had siblings who made headlines for criminal activities of murder, extortion and illegal possession of firearms during the 1990s and 2000s.
Joseph, in particular, was implicated in ten cases related to extortion and illegal firearms possession.
In 2004, Joseph was sentenced to death, while Haris and another brother, Anis, received life imprisonment in a murder case.
The spotlight intensified on Aziz Ahmed when Joseph was granted clemency in the murder case in 2018, followed by similar actions for Haris and Anis in 2019.
An Al-Jazeera documentary 'All the prime minister's men,' aired on February 1, 2021, alleged that Aziz misused his influence to secure contracts for his convicted brothers.
However, both the army headquarters and foreign ministry dismissed these allegations as false and defamatory.
The National Identity Registration Act 2010 stipulates penalties for providing false information to obtain an NID card, including imprisonment for up to one year, a fine of Tk 20,000, or both.
To read the rest of the news, please click on the link above.
Staff Correspondent 11 June, 2024, 00:27
Aziz Ahmed
An investigation has been initiated into the alleged passport and NID card forgery against former army chief general Aziz Ahmed's siblings Haris Ahmed and Tofael Ahmed.
The Anti-Corruption Commission sent letters to the Election Commission and the Department of Immigration and Passports in the past week to investigate the allegations, said commission chairman Mohammad Moinuddin Abdullah on Monday.
The Election Commission on Sunday formed a committee with three members of its National Identity Card wing to investigate how Haris and Tofael, also known as Joseph, obtained NID cards using false information, chief election commissioner Kazi
Habibul Awal told journalists on Monday.
He said, 'The NID has a technical side. There may be loopholes in this technology, but if only 0.01 per cent people abuse it, efforts should be made to bring them to justice.'
No investigation has, however, been initiated into the alleged forgery by former inspector general of police Benazir Ahmed in obtaining ordinary passport despite being a public servant.
ACC lawyer Khurshid Alam Khan told New Age, 'Now the ACC is conducting an inquiry into the allegations brought against Benazir Ahmed over amassing wealth and money laundering.'
The commission will also take further step if its inquiry finds other anomalies such as irregularities in obtaining passport, he said.
Recent reports suggested that Haris used the alias Mohammad Hasan to obtain an NID card, falsely listing Suleman Sarkar and Rahela Begum as his parents.
Additionally, he changed his photo on his NID card in 2019, with the recommendation for the change coming from his brother Aziz Ahmed when he was the army chief.
Tofael Ahmed, alias Joseph, possessed two NID cards—one under his actual name with parents listed as Abdul Wadud and Renuja Begum, and another under the name Tanvir Ahmed Tanjeel, with different parent names.
The ACC is also scrutinising allegations of corruption against retired general Aziz Ahmed following a petition submitted by a lawyer recently.
This development came after the United States had imposed sanctions on Aziz Ahmed and his immediate family members on May 21, citing his alleged involvement in serious corruption.
Aziz served as the chief of army staff from June 2018 to June 2021 and also led the Border Guard Bangladesh from 2012 to 2016.
Aziz, the eldest among five brothers, had siblings who made headlines for criminal activities of murder, extortion and illegal possession of firearms during the 1990s and 2000s.
Joseph, in particular, was implicated in ten cases related to extortion and illegal firearms possession.
In 2004, Joseph was sentenced to death, while Haris and another brother, Anis, received life imprisonment in a murder case.
The spotlight intensified on Aziz Ahmed when Joseph was granted clemency in the murder case in 2018, followed by similar actions for Haris and Anis in 2019.
An Al-Jazeera documentary 'All the prime minister's men,' aired on February 1, 2021, alleged that Aziz misused his influence to secure contracts for his convicted brothers.
However, both the army headquarters and foreign ministry dismissed these allegations as false and defamatory.
The National Identity Registration Act 2010 stipulates penalties for providing false information to obtain an NID card, including imprisonment for up to one year, a fine of Tk 20,000, or both.
To read the rest of the news, please click on the link above.
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AL stays in power by forging ties with corrupt officials: Fakhrul
BNP Secretary General Mirza Fakhrul Islam Alamgir today alleged that the Awami League has remained in power by forging an alliance with corrupt bureaucrats and government officials
AL stays in power by forging ties with corrupt officials: Fakhrul
BNP Secretary General Mirza Fakhrul Islam Alamgir yesterday alleged that the Awami League has remained in power by forging an alliance with corrupt bureaucrats and government officials.
Speaking at a discussion, he also alleged that the current government is obtaining funds from China in the name of mega projects and embezzling huge money as commissions.
"The Awami League is now the party of Benazir and Aziz. Awami League is no longer a political institution as it has become extremely bankrupt...," the BNP leader said.
BNP's Dhaka division unit organised the discussion at Monno City, Gilondo, marking the 43rd death anniversary of party founder Ziaur Rahman
Fakhrul said Bangladesh is now under the grip of not only hegemony but also fascism. "Those who now rule the country have no relation with the people."
He said the government has been arranging unilateral elections in its own style, keeping the voters and major political parties out of the race.
He voiced concern that the country's economy is on the verge of collapse due to widespread corruption and plundering.
The BNP leader said the noted economists of the country at a seminar organised by NOAB (Newspaper Owners' Association of Bangladesh) on Monday warned that the country's economy is on the brink of disaster.
"The government is unwilling to admit this. They always claim that the economy is doing very well. But their corruption continues unabated. They are constantly seeking new ways to engage in further corruption. Through mega projects, they are facilitating mega corruption," Fakhrul observed.
Fakhrul said it is surprising that most of the mega projects are financed by China.
"They [China] give funds to the Bangladesh government which awards tenders to their preferred individuals… one or two government-backed persons get five percent commission for securing the funds and another five percent is given for the distribution of work on the project. Many of us are unaware that the funds brought in from China are subject to commissions," the BNP leader said.
He also alleged that the current regime does not do anything without taking a commission. "Not only that, several new financial institutions have been established here… One such institution is called 'Nagad.'"
Fakhrul said a certain percentage of the commission from every transaction of Nagad is sent abroad to a specific individual. "I don't want to mention the name of anyone, but this money goes to a particular individual abroad. And this is not just a one-off case; there are many more such instances."
He called upon the people from all walks of life, especially the young generation, to be vocal to save the country.
BNP Secretary General Mirza Fakhrul Islam Alamgir yesterday alleged that the Awami League has remained in power by forging an alliance with corrupt bureaucrats and government officials.
Speaking at a discussion, he also alleged that the current government is obtaining funds from China in the name of mega projects and embezzling huge money as commissions.
"The Awami League is now the party of Benazir and Aziz. Awami League is no longer a political institution as it has become extremely bankrupt...," the BNP leader said.
BNP's Dhaka division unit organised the discussion at Monno City, Gilondo, marking the 43rd death anniversary of party founder Ziaur Rahman
Fakhrul said Bangladesh is now under the grip of not only hegemony but also fascism. "Those who now rule the country have no relation with the people."
He said the government has been arranging unilateral elections in its own style, keeping the voters and major political parties out of the race.
He voiced concern that the country's economy is on the verge of collapse due to widespread corruption and plundering.
The BNP leader said the noted economists of the country at a seminar organised by NOAB (Newspaper Owners' Association of Bangladesh) on Monday warned that the country's economy is on the brink of disaster.
"The government is unwilling to admit this. They always claim that the economy is doing very well. But their corruption continues unabated. They are constantly seeking new ways to engage in further corruption. Through mega projects, they are facilitating mega corruption," Fakhrul observed.
Fakhrul said it is surprising that most of the mega projects are financed by China.
"They [China] give funds to the Bangladesh government which awards tenders to their preferred individuals… one or two government-backed persons get five percent commission for securing the funds and another five percent is given for the distribution of work on the project. Many of us are unaware that the funds brought in from China are subject to commissions," the BNP leader said.
He also alleged that the current regime does not do anything without taking a commission. "Not only that, several new financial institutions have been established here… One such institution is called 'Nagad.'"
Fakhrul said a certain percentage of the commission from every transaction of Nagad is sent abroad to a specific individual. "I don't want to mention the name of anyone, but this money goes to a particular individual abroad. And this is not just a one-off case; there are many more such instances."
He called upon the people from all walks of life, especially the young generation, to be vocal to save the country.
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Don’t reward corrupt, negligent public servants
Bangladesh needs an accountable, service-oriented administrative system
Don't reward corrupt, negligent public servants
Bangladesh needs an accountable, service-oriented administrative system
VISUAL: STAR
We are shocked to learn of the reinstatement of an official at the youth and sports ministry who, only a few months ago, was dismissed on charges of embezzlement. According to a report by this daily, the move has raised questions among the ministry officials themselves. Indeed, such a decision would make any honest employee disappointed, and it also sets a dangerous precedent at a time when the widespread corruption in public sector demands exemplary actions, not exemptions.
The official in question, Farhat Noor, and three others were found guilty of embezzling Tk 11.52 crore during an investigation conducted by a probe body formed by the ministry. Upon finding proof, the ministry decided to terminate the four officials, and the decision was endorsed by the Bangladesh Public Service Commission on February 12. But on June 5, the ministry issued an order through a gazette notification reinstating Noor in his old position, in Moulvibazar. The gazette further mentions that Noor pleaded for withdrawal of his dismissal in an appeal filed with the PMO on March 18.
Another report also caught our attention yesterday. According to Prothom Alo, Dr Fatema Doza, an associate professor at the National Institute of Cardiovascular Diseases (NICVD), has been accused of many irregularities including being absent from work for one and a half years, presenting fake invitation to an overseas seminar, etc. She has even been charged with the abuse of domestic help. Several internal investigations found proof supporting the allegations, and yet, there has been no repercussion as she continues to hold on to her position, enjoying all the benefits that come with it.
How would the responsible government organisations justify their inactions? Why is it that government employees like Noor and Doza get away with their criminal acts with such impunity? Has the charge against Farhat Noor been disproven? As far as we know, there is no indication of that. What drove the ministry to backtrack on its own decision, then? And how is it that Fatema Doza has been able to carry on with her job for years when she has been found guilty of the charges against her? It goes without saying that these circumstances directly contradict the government's own stated policy of zero tolerance for corruption.
These two cases once again show how the public sector is being run without any functional accountability, and exhibit why there is a trust deficit between the public and the government. If there was a strong mechanism in place to ensure accountability in public service, so many government employees would not be so bold to carry out their corruption and irregularities. This state of affairs cannot continue in a democratic system. We urge the government to establish a modern, accountable administrative system where officials paid by the public are held responsible for any breach of contract, and indeed crimes.
Bangladesh needs an accountable, service-oriented administrative system
VISUAL: STAR
We are shocked to learn of the reinstatement of an official at the youth and sports ministry who, only a few months ago, was dismissed on charges of embezzlement. According to a report by this daily, the move has raised questions among the ministry officials themselves. Indeed, such a decision would make any honest employee disappointed, and it also sets a dangerous precedent at a time when the widespread corruption in public sector demands exemplary actions, not exemptions.
The official in question, Farhat Noor, and three others were found guilty of embezzling Tk 11.52 crore during an investigation conducted by a probe body formed by the ministry. Upon finding proof, the ministry decided to terminate the four officials, and the decision was endorsed by the Bangladesh Public Service Commission on February 12. But on June 5, the ministry issued an order through a gazette notification reinstating Noor in his old position, in Moulvibazar. The gazette further mentions that Noor pleaded for withdrawal of his dismissal in an appeal filed with the PMO on March 18.
Another report also caught our attention yesterday. According to Prothom Alo, Dr Fatema Doza, an associate professor at the National Institute of Cardiovascular Diseases (NICVD), has been accused of many irregularities including being absent from work for one and a half years, presenting fake invitation to an overseas seminar, etc. She has even been charged with the abuse of domestic help. Several internal investigations found proof supporting the allegations, and yet, there has been no repercussion as she continues to hold on to her position, enjoying all the benefits that come with it.
How would the responsible government organisations justify their inactions? Why is it that government employees like Noor and Doza get away with their criminal acts with such impunity? Has the charge against Farhat Noor been disproven? As far as we know, there is no indication of that. What drove the ministry to backtrack on its own decision, then? And how is it that Fatema Doza has been able to carry on with her job for years when she has been found guilty of the charges against her? It goes without saying that these circumstances directly contradict the government's own stated policy of zero tolerance for corruption.
These two cases once again show how the public sector is being run without any functional accountability, and exhibit why there is a trust deficit between the public and the government. If there was a strong mechanism in place to ensure accountability in public service, so many government employees would not be so bold to carry out their corruption and irregularities. This state of affairs cannot continue in a democratic system. We urge the government to establish a modern, accountable administrative system where officials paid by the public are held responsible for any breach of contract, and indeed crimes.
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ACC finds graft evidence against ex-IGP Benazir
The Anti-Corruption Commission found evidence of corruption against former inspector general of police Benazir Ahmed and his family in the inquiry over his...
www.newagebd.net
ACC finds graft evidence against ex-IGP Benazir
Staff Correspondent 13 June, 2024, 23:48
Benazir Ahmed
The Anti-Corruption Commission found evidence of corruption against former inspector general of police Benazir Ahmed and his family in the inquiry over his amassing illegal wealth.
'There is no legal bar to file a case against Benazir Ahmed based on the findings received till now regarding his wealth,' said ACC lawyer Khurshid Alam Khan on Thursday.
Talking to journalists, the lawyer said, 'I think, there is enough information to file a regular case against him, but now, the ACC will take the decision regarding the filing of the case, it is their jurisdiction.'
The court has already ordered the seizure of the properties and bank accounts of Benazir and his family as there was evidence of offences, he said.
Khurshid also said, 'The information about suspicious transactions, ill-gotten income, and wealth of the former IGP is, I think, "dangerous".'
Earlier, in three phases, the Dhaka Metropolitan Senior Special Judge Court ordered the seizure of a huge amount of movable and immovable assets belonging to Benazir and his family members following ACC petitions.
Among the wealth, the court ordered the seizure of a total of 697 bighas of land in Gopalganj, Madaripur, Cox's Bazar, Bandarban, and Narayanganj, 12 flats in Dhaka, and shares in 21 companies in the name of Benazir and his family.
Apart from this, the court also ordered the freezing of a Tk 30 lakh investment in savings certificates, 33 bank accounts, and three BO accounts.
A three-member inquiry team, led by ACC deputy director Md Hafizul Islam, found the assets during the ongoing inquiry into allegations of Benazir and his family members.
The ACC, based on a media report, decided on April 18 to investigate allegations of amassing illegal wealth by Benazir and his family.
On May 28, the ACC summoned them, but neither Benazir nor his family members appeared before it on June 6 and 9.
Later, the ACC fixed June 23 and 24 for them to come before the commission.
Benazir and the family reportedly left the country on May 4 amid allegations of acquiring illegal wealth and money laundering.
Benazir joined the police force as an assistant superintendent of police in February 1988, and he retired on September 30, 2022.
On December 10, 2021, the United States declared the then IGP Benazir ineligible for entry into the country for 'gross violations of human rights' while serving as RAB director general.
Staff Correspondent 13 June, 2024, 23:48
Benazir Ahmed
The Anti-Corruption Commission found evidence of corruption against former inspector general of police Benazir Ahmed and his family in the inquiry over his amassing illegal wealth.
'There is no legal bar to file a case against Benazir Ahmed based on the findings received till now regarding his wealth,' said ACC lawyer Khurshid Alam Khan on Thursday.
Talking to journalists, the lawyer said, 'I think, there is enough information to file a regular case against him, but now, the ACC will take the decision regarding the filing of the case, it is their jurisdiction.'
The court has already ordered the seizure of the properties and bank accounts of Benazir and his family as there was evidence of offences, he said.
Khurshid also said, 'The information about suspicious transactions, ill-gotten income, and wealth of the former IGP is, I think, "dangerous".'
Earlier, in three phases, the Dhaka Metropolitan Senior Special Judge Court ordered the seizure of a huge amount of movable and immovable assets belonging to Benazir and his family members following ACC petitions.
Among the wealth, the court ordered the seizure of a total of 697 bighas of land in Gopalganj, Madaripur, Cox's Bazar, Bandarban, and Narayanganj, 12 flats in Dhaka, and shares in 21 companies in the name of Benazir and his family.
Apart from this, the court also ordered the freezing of a Tk 30 lakh investment in savings certificates, 33 bank accounts, and three BO accounts.
A three-member inquiry team, led by ACC deputy director Md Hafizul Islam, found the assets during the ongoing inquiry into allegations of Benazir and his family members.
The ACC, based on a media report, decided on April 18 to investigate allegations of amassing illegal wealth by Benazir and his family.
On May 28, the ACC summoned them, but neither Benazir nor his family members appeared before it on June 6 and 9.
Later, the ACC fixed June 23 and 24 for them to come before the commission.
Benazir and the family reportedly left the country on May 4 amid allegations of acquiring illegal wealth and money laundering.
Benazir joined the police force as an assistant superintendent of police in February 1988, and he retired on September 30, 2022.
On December 10, 2021, the United States declared the then IGP Benazir ineligible for entry into the country for 'gross violations of human rights' while serving as RAB director general.
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Danger of treating black money softly
'Black money', according to Investopedia,'includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes'. The sources of black money, as defined, include tax evasion as well as corruption, money laundering and illicit trade. So, ideally, in a la
Danger of treating black money softly
SYED FATTAHUL ALIM
Published :
Jun 09, 2024 22:02
Updated :
Jun 10, 2024 22:47
'Black money', according to Investopedia,'includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes'. The sources of black money, as defined, include tax evasion as well as corruption, money laundering and illicit trade. So, ideally, in a law-governed society, earning and holding of black money is a punishable offence. But in the real world it is often allowed to exist and, in many cases, even thrive. Bangladesh is no exception. Earning of black money is so widespread in this part of the world that the practice is not even questioned nowadays. So, one is not surprised, though some economists and social activists who are still critical of the so-called unethical practices like corruption, owning ill-gotten money, etc., when the finance minister in his budget for the fiscal year 2024-25 kept the provision of whitening black money without scrutiny through payment of 15 per cent tax. In other words, illegally earned money has again been given the seal of approval.
However, the money-whitening opportunity, according to the proposed budget for FY25, will be available for only one year till June 2025. But the provision of legalising black money has continued year after year in the same manner and there is no guarantee the practice would stop by the next financial year. In fact, this culture of wooing black money in the hope of mainstreaming it is indicative of the power of black money and its owners in society. Interestingly though, despite all the coaxing and cajoling, the holders of black money never responded to the government's offer at the expected level. Successive governments since independence have been offering such amnesty to black money owners. Going by the country's top tax regulator, the National Board of Revenue (NBR), since independence till 2022, Tk455.22 billion could be whitened by such means so far. The revenue that went to the government's coffer is a paltry sum of Tk46.41 billion. The amount was earned over a period of 50 years (between 1972 and 2022)! So, it is not hard to see why and how a section of society is getting richer by the day. Unsurprisingly, the tax authority, or the government for that matter, is getting lukewarm response from the black money holders making it clear that they are not willing to come under the NBR's tax net. This approach of the government's handling them with kid gloves only betrays its weakness, which the corrupt quarters take full advantage of. So, what is the point of showing such generosity to those people who are having a field day by defying law, whereas the honest income earners are paying taxes just out of their honesty and willingness to abide by the law? And this softness towards those earning money illegally and hiding it from the tax authority is only apt to send a wrong signal to society. It is that if you are somehow able to earn a large sum of money illegally, keep it to yourself evading tax, you will be rewarded. But if you are a law-abiding, honest citizen and not hiding your earnings from the tax authority, you are nobody. Worse, if you fail to pay your tax, you will be subject to legal proceedings.
To read the rest of the news, please click on the link above.
SYED FATTAHUL ALIM
Published :
Jun 09, 2024 22:02
Updated :
Jun 10, 2024 22:47
'Black money', according to Investopedia,'includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes'. The sources of black money, as defined, include tax evasion as well as corruption, money laundering and illicit trade. So, ideally, in a law-governed society, earning and holding of black money is a punishable offence. But in the real world it is often allowed to exist and, in many cases, even thrive. Bangladesh is no exception. Earning of black money is so widespread in this part of the world that the practice is not even questioned nowadays. So, one is not surprised, though some economists and social activists who are still critical of the so-called unethical practices like corruption, owning ill-gotten money, etc., when the finance minister in his budget for the fiscal year 2024-25 kept the provision of whitening black money without scrutiny through payment of 15 per cent tax. In other words, illegally earned money has again been given the seal of approval.
However, the money-whitening opportunity, according to the proposed budget for FY25, will be available for only one year till June 2025. But the provision of legalising black money has continued year after year in the same manner and there is no guarantee the practice would stop by the next financial year. In fact, this culture of wooing black money in the hope of mainstreaming it is indicative of the power of black money and its owners in society. Interestingly though, despite all the coaxing and cajoling, the holders of black money never responded to the government's offer at the expected level. Successive governments since independence have been offering such amnesty to black money owners. Going by the country's top tax regulator, the National Board of Revenue (NBR), since independence till 2022, Tk455.22 billion could be whitened by such means so far. The revenue that went to the government's coffer is a paltry sum of Tk46.41 billion. The amount was earned over a period of 50 years (between 1972 and 2022)! So, it is not hard to see why and how a section of society is getting richer by the day. Unsurprisingly, the tax authority, or the government for that matter, is getting lukewarm response from the black money holders making it clear that they are not willing to come under the NBR's tax net. This approach of the government's handling them with kid gloves only betrays its weakness, which the corrupt quarters take full advantage of. So, what is the point of showing such generosity to those people who are having a field day by defying law, whereas the honest income earners are paying taxes just out of their honesty and willingness to abide by the law? And this softness towards those earning money illegally and hiding it from the tax authority is only apt to send a wrong signal to society. It is that if you are somehow able to earn a large sum of money illegally, keep it to yourself evading tax, you will be rewarded. But if you are a law-abiding, honest citizen and not hiding your earnings from the tax authority, you are nobody. Worse, if you fail to pay your tax, you will be subject to legal proceedings.
To read the rest of the news, please click on the link above.
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- #95
How far does the gold syndicate’s reach go?
Involvement of law enforcers, public officials must be investigated
How far does the gold syndicate's reach go?
Involvement of law enforcers, public officials must be investigated
The unexplained death of Jhenaidah MP Anwarul Azim Anar has brought some shocking truths to light, including details of a brazen gold smuggling operation in his constituency. According to a recent investigation by this daily, Anar had invented a "token" system that would allow carriers transporting illegal gold a free pass from law enforcement. In return, the latter would get a "handsome" cut. This daily interviewed a carrier who said there are dozens like him who pick up consignments from various districts and deliver them to the border, where other operatives smuggle them out to India. The border smugglers earn between Tk 1 lakh and Tk 2 lakh per consignment, while carriers receive a fixed monthly salary.
According to local sources, gold smuggling has been taking place through this border area over the last four to five decades. Azim has reportedly been involved in the gold trade since he was a student in 1986, assuming a leading role for the last 10 years. The three-time MP stood accused in 21 cases between 2000 and 2008, including murder, extortion, and smuggling of arms, explosives, drugs and gold (which subsequently got dismissed during the AL regime). We cannot help but wonder how a man of his "notoriety" could hold such an important position, and whether the ruling party was truly unaware of the scale of his involvement in criminal networks.
The government should be as worried as we are about the nexus among criminals, law enforcement and political leaders, and the possibility of complicity of more people within its own ranks in sustaining such criminal networks.
The slain MP may have been one of the kingpins of this smuggling syndicate, but the question still remains: who else is involved in the trade, and how deep does the involvement run? Most importantly, can we expect an independent investigation into the syndicate now, or will the kingpins continue to orchestrate the show from behind the curtains, with the same impunity they have enjoyed till now?
The government should be as worried as we are about the nexus among criminals, law enforcement and political leaders, and the possibility of complicity of more people within its own ranks in sustaining such criminal networks. In order to regain public trust as well as for its own sake, the government must initiate a thorough and credible investigation into the smuggling syndicate, beginning with identifying all those within the law enforcement and administration who have been actively aiding and abetting the process. Exemplary action must be taken against them, no matter their designation. Anar's murder and subsequent investigations have caused great damage to the country's reputation, and the government must respond with urgency and full transparency.
Involvement of law enforcers, public officials must be investigated
The unexplained death of Jhenaidah MP Anwarul Azim Anar has brought some shocking truths to light, including details of a brazen gold smuggling operation in his constituency. According to a recent investigation by this daily, Anar had invented a "token" system that would allow carriers transporting illegal gold a free pass from law enforcement. In return, the latter would get a "handsome" cut. This daily interviewed a carrier who said there are dozens like him who pick up consignments from various districts and deliver them to the border, where other operatives smuggle them out to India. The border smugglers earn between Tk 1 lakh and Tk 2 lakh per consignment, while carriers receive a fixed monthly salary.
According to local sources, gold smuggling has been taking place through this border area over the last four to five decades. Azim has reportedly been involved in the gold trade since he was a student in 1986, assuming a leading role for the last 10 years. The three-time MP stood accused in 21 cases between 2000 and 2008, including murder, extortion, and smuggling of arms, explosives, drugs and gold (which subsequently got dismissed during the AL regime). We cannot help but wonder how a man of his "notoriety" could hold such an important position, and whether the ruling party was truly unaware of the scale of his involvement in criminal networks.
The government should be as worried as we are about the nexus among criminals, law enforcement and political leaders, and the possibility of complicity of more people within its own ranks in sustaining such criminal networks.
The slain MP may have been one of the kingpins of this smuggling syndicate, but the question still remains: who else is involved in the trade, and how deep does the involvement run? Most importantly, can we expect an independent investigation into the syndicate now, or will the kingpins continue to orchestrate the show from behind the curtains, with the same impunity they have enjoyed till now?
The government should be as worried as we are about the nexus among criminals, law enforcement and political leaders, and the possibility of complicity of more people within its own ranks in sustaining such criminal networks. In order to regain public trust as well as for its own sake, the government must initiate a thorough and credible investigation into the smuggling syndicate, beginning with identifying all those within the law enforcement and administration who have been actively aiding and abetting the process. Exemplary action must be taken against them, no matter their designation. Anar's murder and subsequent investigations have caused great damage to the country's reputation, and the government must respond with urgency and full transparency.
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- #96
Benazir's corruption and the crisis of accountability
Benazir's case shows that top police and Rab officials can abuse power for personal gains without any accountability.
Benazir's corruption and the crisis of accountability
VISUAL: STAR
The year was 2018. On August 30, the results of Transparency International Bangladesh's (TIB) "Corruption in Service Sectors: National Household Survey 2017" were released. According to the survey, the country's law enforcement agencies (LEAs) ranked in the highest position in terms of the experience of corruption by surveyed households. Of the households that received services from them, 72.5 percent were victims of different forms of corruption.
The Bangladesh Police Service Association (BPSA) rejected the TIB survey results in a statement issued on September 11, 2018. The statement, sent by the additional deputy commissioner of Dhaka Metropolitan Police, also the office secretary of the Police Service Association, alleged that the TIB's survey report "identified the police as a corrupt institution based on preconceived notions." It was also claimed that, "In case of any unlawful behaviour of the police, proper legal action is taken after investigation."
The story of identifying the LEAs as the "most corrupt sector" in the TIB survey and subsequent rejection by the BPSA came to my mind in the wake of the recent allegations of massive corruption against former police and Rab chief Benazir Ahmed. Documents from the Anti-Corruption Commission (ACC) show that Benazir and his family bought at least 204.5 acres of land between 2009 and 2023. Of these, 112 acres were purchased during his tenure as inspector general of police (IGP) and Rab chief.
Was Benazir Ahmed's purchase of such a vast amount of land while he was head of police and Rab consistent with the legitimate income he was earning? Is it not an illegal act to force people to sell land by intimidation? Where was the process of "legal action" claimed by the BPSA when Benazir was engaging in such unlawful behaviour day after day as a senior officer in the police force? Why was Benazir's corruption exposed only after his retirement, and not when he was in office?
Not only was no action taken against Benazir's massive corruption and abuse of power when he was in office, he was also being given one reward after another. This is not only an internal problem of the LEAs. The entire government, including the ministry of home affairs, is also responsible here.
The Public Security Division of the home ministry honoured him with the Integrity Award 2020-21. But ACC data shows that he and his family bought nearly 87.9 acres of land in 2020 and 2021. The Integrity Award is supposed to be given to someone who meets the standards of scrupulousness and honesty. Where were those standards when Benazir was given the award? Apart from the Integrity Award, Benazir was awarded the highest medal of the police force, Bangladesh Police Medal (BPM), a total of five times between 2011 and 2019. With so many intelligence agencies in the country and so much surveillance, is it at all believable that the authorities, including the LEAs, were not aware of his illegal activities? How dysfunctional could a country's institutional system be that the person who was involved in massive corruption was rewarded time and again, instead of being punished?!
To read the rest of the news, please click on the link above.
VISUAL: STAR
The year was 2018. On August 30, the results of Transparency International Bangladesh's (TIB) "Corruption in Service Sectors: National Household Survey 2017" were released. According to the survey, the country's law enforcement agencies (LEAs) ranked in the highest position in terms of the experience of corruption by surveyed households. Of the households that received services from them, 72.5 percent were victims of different forms of corruption.
The Bangladesh Police Service Association (BPSA) rejected the TIB survey results in a statement issued on September 11, 2018. The statement, sent by the additional deputy commissioner of Dhaka Metropolitan Police, also the office secretary of the Police Service Association, alleged that the TIB's survey report "identified the police as a corrupt institution based on preconceived notions." It was also claimed that, "In case of any unlawful behaviour of the police, proper legal action is taken after investigation."
The story of identifying the LEAs as the "most corrupt sector" in the TIB survey and subsequent rejection by the BPSA came to my mind in the wake of the recent allegations of massive corruption against former police and Rab chief Benazir Ahmed. Documents from the Anti-Corruption Commission (ACC) show that Benazir and his family bought at least 204.5 acres of land between 2009 and 2023. Of these, 112 acres were purchased during his tenure as inspector general of police (IGP) and Rab chief.
Was Benazir Ahmed's purchase of such a vast amount of land while he was head of police and Rab consistent with the legitimate income he was earning? Is it not an illegal act to force people to sell land by intimidation? Where was the process of "legal action" claimed by the BPSA when Benazir was engaging in such unlawful behaviour day after day as a senior officer in the police force? Why was Benazir's corruption exposed only after his retirement, and not when he was in office?
Not only was no action taken against Benazir's massive corruption and abuse of power when he was in office, he was also being given one reward after another. This is not only an internal problem of the LEAs. The entire government, including the ministry of home affairs, is also responsible here.
The Public Security Division of the home ministry honoured him with the Integrity Award 2020-21. But ACC data shows that he and his family bought nearly 87.9 acres of land in 2020 and 2021. The Integrity Award is supposed to be given to someone who meets the standards of scrupulousness and honesty. Where were those standards when Benazir was given the award? Apart from the Integrity Award, Benazir was awarded the highest medal of the police force, Bangladesh Police Medal (BPM), a total of five times between 2011 and 2019. With so many intelligence agencies in the country and so much surveillance, is it at all believable that the authorities, including the LEAs, were not aware of his illegal activities? How dysfunctional could a country's institutional system be that the person who was involved in massive corruption was rewarded time and again, instead of being punished?!
To read the rest of the news, please click on the link above.
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- #97
A disease called Benaziz
There are innumerable Benazirs and Aziz-es all around us, minting money, making mansions, mixing and mingling with multimillionaires around the globe.
en.prothomalo.com
A disease called Benaziz
Ayesha Kabir
Published: 17 Jun 2024, 12: 21
It's chronic, it's infectious, and as in the case of any other dangerous disease, prevention is better than cure. Once the contagion spreads its tenacious tentacles, it is often beyond cure. It squeezes the lifeblood out of all ethics, integrity, honesty or any such values and principles. This is the deadly disease, Benaziz.
Given the avalanche of news reports on the almost "iconic" corruption and crime of Benazir and Aziz, it seems only befitting to dub this contagion with the moniker "Benaziz", like the name-mergers of Hollywood couples -- Bennifer, Brangalina, TomKat and so on.
We are gasping at the amount of wealth and property that the former police chief Benazir Ahmed has amassed. We are shocked at how low the former army chief Aziz Ahmed has stooped to aid and abet his criminal brothers. But are we really all that shocked? Don't we all firmly believe that this is just the tip of the iceberg, that there are innumerable Benazirs and Aziz-es all around us, minting money, making mansions, mixing and mingling with multimillionaires around the globe?
This is not a column about either Benazir or Aziz -- there is a continuous deluge of news about them, and every day a Pandora's Box opening up and spewing out the likes of Anwarul Azim, his friend-cum-killer Akhteruzzaman, other criminals and crime, large and petty, white collar, blue collar, multi-collared and no collar at all! While each and every one of these vermin needs to be caught, tried and punished, it is most important to get to the roots, to uproot and evil once and for all. We sanitised our hands throughout the Covid outbreak, now we need to sanitise our souls.
Moral turpitude
The term 'moral turpitude' gained currency during the Ershad era. He had been seen as the epitome of corruption. Not to condone his misdeeds, but the corruption-practitioners of today must scoff at his "petty larceny". Not only has corruption become all-pervasive, but the sheer figures that appear in the media about the wealth that has been amassed, the capital that has taken flight, the assets that have been accumulated and the liabilities that have been shrugged off, is mind-boggling.
Every Tom, Dick and Harry seems to have a second home in Malaysia, Canada, America and now the hotspot Dubai. (It's the Jodu-Modu who still struggle on the streets back home). And back home too, the properties of the rich are taking on massive proportions of luxury and opulence. The vehicles in car parks of the five-star hotels and the classy cafes and restaurants of the affluent neighbourhoods range from Rolls Royce to Jaguars, Ferraris and you name it.
But the divide between the rich and the poor is growing, it's growing fast and growing wide. In Bangladesh, the wealthiest 10 per cent of the population controls 41 per cent of the nation's total income. The bottom 10 per cent receives a pittance of 1.31 per cent.
This disparity in wealth is deepening and is starkly visible, embarrassingly so. The juxtaposition of capital Dhaka's upscale Gulshan-Baridhara-Banani areas (sardonically referred to as the tristate) and neighbouring Korail slum, the sprawling biggest slum in the city, is a classic cliché. But a sad one. Sad, because the wealth of these ultra-wealthy hardly trickles down to improve the lot of the poor. Their wealth is siphoned to destinations around the world. Sad because all too often this wealth is ill-gotten.
To read the rest of the news, please click on the link above.
Ayesha Kabir
Published: 17 Jun 2024, 12: 21
It's chronic, it's infectious, and as in the case of any other dangerous disease, prevention is better than cure. Once the contagion spreads its tenacious tentacles, it is often beyond cure. It squeezes the lifeblood out of all ethics, integrity, honesty or any such values and principles. This is the deadly disease, Benaziz.
Given the avalanche of news reports on the almost "iconic" corruption and crime of Benazir and Aziz, it seems only befitting to dub this contagion with the moniker "Benaziz", like the name-mergers of Hollywood couples -- Bennifer, Brangalina, TomKat and so on.
We are gasping at the amount of wealth and property that the former police chief Benazir Ahmed has amassed. We are shocked at how low the former army chief Aziz Ahmed has stooped to aid and abet his criminal brothers. But are we really all that shocked? Don't we all firmly believe that this is just the tip of the iceberg, that there are innumerable Benazirs and Aziz-es all around us, minting money, making mansions, mixing and mingling with multimillionaires around the globe?
This is not a column about either Benazir or Aziz -- there is a continuous deluge of news about them, and every day a Pandora's Box opening up and spewing out the likes of Anwarul Azim, his friend-cum-killer Akhteruzzaman, other criminals and crime, large and petty, white collar, blue collar, multi-collared and no collar at all! While each and every one of these vermin needs to be caught, tried and punished, it is most important to get to the roots, to uproot and evil once and for all. We sanitised our hands throughout the Covid outbreak, now we need to sanitise our souls.
Moral turpitude
The term 'moral turpitude' gained currency during the Ershad era. He had been seen as the epitome of corruption. Not to condone his misdeeds, but the corruption-practitioners of today must scoff at his "petty larceny". Not only has corruption become all-pervasive, but the sheer figures that appear in the media about the wealth that has been amassed, the capital that has taken flight, the assets that have been accumulated and the liabilities that have been shrugged off, is mind-boggling.
Every Tom, Dick and Harry seems to have a second home in Malaysia, Canada, America and now the hotspot Dubai. (It's the Jodu-Modu who still struggle on the streets back home). And back home too, the properties of the rich are taking on massive proportions of luxury and opulence. The vehicles in car parks of the five-star hotels and the classy cafes and restaurants of the affluent neighbourhoods range from Rolls Royce to Jaguars, Ferraris and you name it.
But the divide between the rich and the poor is growing, it's growing fast and growing wide. In Bangladesh, the wealthiest 10 per cent of the population controls 41 per cent of the nation's total income. The bottom 10 per cent receives a pittance of 1.31 per cent.
This disparity in wealth is deepening and is starkly visible, embarrassingly so. The juxtaposition of capital Dhaka's upscale Gulshan-Baridhara-Banani areas (sardonically referred to as the tristate) and neighbouring Korail slum, the sprawling biggest slum in the city, is a classic cliché. But a sad one. Sad, because the wealth of these ultra-wealthy hardly trickles down to improve the lot of the poor. Their wealth is siphoned to destinations around the world. Sad because all too often this wealth is ill-gotten.
To read the rest of the news, please click on the link above.
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Deposits of Bangladeshi banks, nationals in Swiss banks hit lowest level ever
It declined 68% year-on-year to 17.71 million Swiss francs in 2023
Deposits of Bangladeshi banks, nationals in Swiss banks hit lowest level ever
It declined 68% year-on-year to 17.71 million Swiss francs in 2023
Deposits of Bangladeshi nationals and banks in Swiss banks declined by 68 percent year-on-year to 17.71 million Swiss francs (CHF) last year, the lowest ever, reflecting the falling attractiveness of Switzerland among the wealthy people to park money.
The deposits were 55.2 million Swiss francs (CHF) in 2022, according to data by the Swiss National Bank released yesterday.
This is the second year in a row that deposits kept by Bangladeshis have fallen in Swiss banks. But that does not mean that illicit outflow of capital from the country has stopped, said two analysts.
"Of course, illegal money siphoning out of the country has increased and it is taking place. But Swiss banks are not favourite destination anymore. It is not a place to keep identity secret anymore," said Ahsan H Mansur, executive director at the Policy Research Institute of Bangladesh.
"Now, Dubai, and Singapore are favourite destinations as the nearest destinations. Money is siphoned off to and is invested in real estate and business in the USA, and England."
People who have transferred money there have business operations there. They have registered firms in Dubai, Singapore, said Mansur, a former economist at the International Monetary Fund.
Switzerland had once kept the information of depositors confidential. Now it is not doing this anymore. It provides information to the state if any government seeks, he added.
Data from the Swiss National Bank showed that Bangladeshi nationals kept 13.96 million CHF in Swiss banks in 2023, the lowest since 1997.
The amount was 78 percent of the total deposits of 17.71 million CHF or $19.86 million.
The deposits at Swiss banks were Tk 233 crore in Bangladeshi taka. In the case of Bangladeshi nationals, the deposit amount was Tk 184 crore.
Mansur said Bangladeshis living in Switzerland may hold a portion of the deposits. And a portion of reserves of Bangladesh are kept there, he added.
Iftekharuzzaman, executive director of Transparency International Bangladesh, said Switzerland is one of the many destinations for illicit fund transfer.
Switzerland is a conventional destination. But since it joins global efforts against money laundering and corruption, it has lost its attraction, he added.
"Many more destinations for illegal money transfer have come up and they are more attractive," he said citing Malaysia, Singapore, and the Middle Eastern countries.
"Plus, there are offshore destinations to park money. One can buy properties in the UK, the USA and Canada, which is not easy in the case of Switzerland," added Iftekharuzzaman.
"So, the falling deposits in the Swiss kept by Bangladeshi citizens and banks does not provide any relief that illegal capital flight has declined."
It declined 68% year-on-year to 17.71 million Swiss francs in 2023
Deposits of Bangladeshi nationals and banks in Swiss banks declined by 68 percent year-on-year to 17.71 million Swiss francs (CHF) last year, the lowest ever, reflecting the falling attractiveness of Switzerland among the wealthy people to park money.
The deposits were 55.2 million Swiss francs (CHF) in 2022, according to data by the Swiss National Bank released yesterday.
This is the second year in a row that deposits kept by Bangladeshis have fallen in Swiss banks. But that does not mean that illicit outflow of capital from the country has stopped, said two analysts.
"Of course, illegal money siphoning out of the country has increased and it is taking place. But Swiss banks are not favourite destination anymore. It is not a place to keep identity secret anymore," said Ahsan H Mansur, executive director at the Policy Research Institute of Bangladesh.
"Now, Dubai, and Singapore are favourite destinations as the nearest destinations. Money is siphoned off to and is invested in real estate and business in the USA, and England."
People who have transferred money there have business operations there. They have registered firms in Dubai, Singapore, said Mansur, a former economist at the International Monetary Fund.
Switzerland had once kept the information of depositors confidential. Now it is not doing this anymore. It provides information to the state if any government seeks, he added.
Data from the Swiss National Bank showed that Bangladeshi nationals kept 13.96 million CHF in Swiss banks in 2023, the lowest since 1997.
The amount was 78 percent of the total deposits of 17.71 million CHF or $19.86 million.
The deposits at Swiss banks were Tk 233 crore in Bangladeshi taka. In the case of Bangladeshi nationals, the deposit amount was Tk 184 crore.
Mansur said Bangladeshis living in Switzerland may hold a portion of the deposits. And a portion of reserves of Bangladesh are kept there, he added.
Iftekharuzzaman, executive director of Transparency International Bangladesh, said Switzerland is one of the many destinations for illicit fund transfer.
Switzerland is a conventional destination. But since it joins global efforts against money laundering and corruption, it has lost its attraction, he added.
"Many more destinations for illegal money transfer have come up and they are more attractive," he said citing Malaysia, Singapore, and the Middle Eastern countries.
"Plus, there are offshore destinations to park money. One can buy properties in the UK, the USA and Canada, which is not easy in the case of Switzerland," added Iftekharuzzaman.
"So, the falling deposits in the Swiss kept by Bangladeshi citizens and banks does not provide any relief that illegal capital flight has declined."
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- #99
Black money whitening provision needs to be reviewed: Momen
Taxpayers have been disappointed with the budgetary provision for whitening black money, former foreign minister AK Abdul Momen told parliament today
Black money whitening provision needs to be reviewed: Momen
File photo
Taxpayers have been disappointed with the budgetary provision for whitening black money, former foreign minister AK Abdul Momen told parliament today.
"Honest taxpayers have become frustrated with the provision of whitening black money just by paying a 15 percent tax. I feel the provision needs to be reviewed further," he said.
Corruption is now the main barrier to maintaining growth, he said. The government's image is being tarnished because of corruption, he added.
Momen said the projects are not getting implemented in time due to corruption, which ultimately causes a rise in project costs.
"A portion of bureaucrats has become corrupt, which is intensifying harassment of the people. The entire bureaucracy is blamed due to a handful of corrupt bureaucrats," said Momen.
He said this while participating in the general discussion on the proposed national budget for the 2024-2025 fiscal year.
The price hike of daily essentials, alongside the rise in taxes, corruption, and extortion, is a matter of great concern for the country's people, Momen said.
File photo
Taxpayers have been disappointed with the budgetary provision for whitening black money, former foreign minister AK Abdul Momen told parliament today.
"Honest taxpayers have become frustrated with the provision of whitening black money just by paying a 15 percent tax. I feel the provision needs to be reviewed further," he said.
Corruption is now the main barrier to maintaining growth, he said. The government's image is being tarnished because of corruption, he added.
Momen said the projects are not getting implemented in time due to corruption, which ultimately causes a rise in project costs.
"A portion of bureaucrats has become corrupt, which is intensifying harassment of the people. The entire bureaucracy is blamed due to a handful of corrupt bureaucrats," said Momen.
He said this while participating in the general discussion on the proposed national budget for the 2024-2025 fiscal year.
The price hike of daily essentials, alongside the rise in taxes, corruption, and extortion, is a matter of great concern for the country's people, Momen said.
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- #100
Dollar crisis linked to $7-8b capital flight: ex-minister
Finance minister Abul Hassan Mahmood Ali said on Thursday that they had to follow the World Bank for foreign currencies, while former state minister for...
www.newagebd.net
Dollar crisis linked to $7-8b capital flight: ex-minister
Staff Correspondent 21 June, 2024, 00:34
Finance minister Abul Hassan Mahmood Ali said on Thursday that they had to follow the World Bank for foreign currencies, while former state minister for planning Shamsul Alam blamed capital flights for the country's prolonged shortage of dollars.
They were speaking at a post-budget discussion arranged by the Bangladesh Agricultural Economists Association in the capital, ahead of the passing of the finance bill in parliament on June 29.
The former state minister for planning, while focusing on the prolonged dollar shortage, said that the government should check capital flight to the tune of $7 billion to $8 billion annually.
He said that capital flights had caused the dollar crisis.
The former state minister for planning was critical of the country's banking sector, which was overburdened with bad loans and contributed to the current economic downturn.
Calculating 22 per cent of the overall bank credits as risky, he said that the trend should be reversed with strong reform based on the recommendations of a commission or a strong committee.
He lauded some of the budgetary proposals and suggested the finance minister give more focus to revenue generation, which, according to him, is one of the weakest points.
Due to less-than-expected revenue generation, successive governments have been borrowing from multilateral lenders for foreign funds and meeting the budget deficit.
Highlighting the necessity of foreign funds, the finance minister said in his speech that they had to follow the WB suggestions.
The WB provides us with loans, he said while responding to critics of the economy and the budgetary measures he proposed for FY25 in parliament on June 6.
He said that they would accept the recommendations of the critics if they provide funds.
Asking critics to look at what the WB was saying about the country's economy, the finance minister claimed that the WB had called it alright.
He noted that it was unacceptable that the WB did not understand the economic issues.
The finance minister was also critical of those who said that the country would face bankruptcy like the one its South Asian neighbour Sri Lanka faced in 2022.
He, however, said that the government would consider positive suggestions regarding the national budget before passing it in parliament.
The finance division is keeping feedback, and feasible ones will be considered, he said, adding that the budget has not been passed yet.
State minister of commerce Ahasanul Islam Titu, the representative of the United Nations Food and Agriculture Organisation appointed in Bangladesh Jiaoqun Shi, and Bangladesh Agricultural Economists Association president Sajjadul Hassan, among others, spoke at the seminar.
The state minister for commerce said it should be reviewed to see how much of the agricultural subsidy was implemented.
He suggested that agricultural experts be involved in the marketing channel and said that focus should be given to protecting perishable items.
Sajjadul Hassan said the subsidy on fertilisers should be monitored properly so that marginalised farmers are not deprived of their due share.
Staff Correspondent 21 June, 2024, 00:34
Finance minister Abul Hassan Mahmood Ali said on Thursday that they had to follow the World Bank for foreign currencies, while former state minister for planning Shamsul Alam blamed capital flights for the country's prolonged shortage of dollars.
They were speaking at a post-budget discussion arranged by the Bangladesh Agricultural Economists Association in the capital, ahead of the passing of the finance bill in parliament on June 29.
The former state minister for planning, while focusing on the prolonged dollar shortage, said that the government should check capital flight to the tune of $7 billion to $8 billion annually.
He said that capital flights had caused the dollar crisis.
The former state minister for planning was critical of the country's banking sector, which was overburdened with bad loans and contributed to the current economic downturn.
Calculating 22 per cent of the overall bank credits as risky, he said that the trend should be reversed with strong reform based on the recommendations of a commission or a strong committee.
He lauded some of the budgetary proposals and suggested the finance minister give more focus to revenue generation, which, according to him, is one of the weakest points.
Due to less-than-expected revenue generation, successive governments have been borrowing from multilateral lenders for foreign funds and meeting the budget deficit.
Highlighting the necessity of foreign funds, the finance minister said in his speech that they had to follow the WB suggestions.
The WB provides us with loans, he said while responding to critics of the economy and the budgetary measures he proposed for FY25 in parliament on June 6.
He said that they would accept the recommendations of the critics if they provide funds.
Asking critics to look at what the WB was saying about the country's economy, the finance minister claimed that the WB had called it alright.
He noted that it was unacceptable that the WB did not understand the economic issues.
The finance minister was also critical of those who said that the country would face bankruptcy like the one its South Asian neighbour Sri Lanka faced in 2022.
He, however, said that the government would consider positive suggestions regarding the national budget before passing it in parliament.
The finance division is keeping feedback, and feasible ones will be considered, he said, adding that the budget has not been passed yet.
State minister of commerce Ahasanul Islam Titu, the representative of the United Nations Food and Agriculture Organisation appointed in Bangladesh Jiaoqun Shi, and Bangladesh Agricultural Economists Association president Sajjadul Hassan, among others, spoke at the seminar.
The state minister for commerce said it should be reviewed to see how much of the agricultural subsidy was implemented.
He suggested that agricultural experts be involved in the marketing channel and said that focus should be given to protecting perishable items.
Sajjadul Hassan said the subsidy on fertilisers should be monitored properly so that marginalised farmers are not deprived of their due share.
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