[🇧🇩] Corruption Watch

[Saif]

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.

www.thedailystar.net

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.​

 

[Saif]

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.​

 

[Saif]

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

www.thedailystar.net

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."​

 

[Saif]

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

www.thedailystar.net

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.​

 

[Saif]

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.​