BB authorities harbor monetary hooligans: HC

The High Court has seen that a part of Bangladesh Bank authorities, entrusted with checking the exercises of banks and monetary establishments, have been holding monetary hooligans for individual additions. 

"It is the setback of the individuals of this nation that while the top of the public authority is working indefatigably with most extreme trustworthiness for the monetary advancement of this nation, the authorities concerned, especially the DGMs [deputy general managers], GMs, leader chiefs and agent legislative heads of Bangladesh Bank, who were responsible for checking execution and exercises of banks and monetary establishments at the applicable time, have been holding monetary hooligans/culprits, only for individual increases, destroyingthe country's economy," said the court. 

The HC seat of Justice Muhammad Khurshid Alam Sarkar mentioned the objective fact in the full content of its request on an appeal that looked for its mandates to eliminate the momentum top managerial staff of Bangladesh Industrial Finance Company Limited (BIFC). 

The seat had conveyed a short request on the issue on December 17 a year ago. The full content of the request was delivered yesterday. 

Tees Mart Inc, a US privately owned business holding 10% offers in BIFC, documented the appeal in March a year ago. It looked for HC orders for designating an autonomous reviewer to discover the aggregate sum of cash stole from the BIFC by Proshanta Kumar Halder, otherwise called PK Halder, and his companions over the most recent five years. 

The applicant claimed that the then BIFC governing body drove by PK Halder stole around Tk 500 crore from the BIFC and a business bunch possessed by Maj (retd) Abdul Mannan ravaged around Tk 1,000 crore endorsed as advances to the organizations having a place with him and his family. 

In the full content of its request, the HC stated, "For the case close by, the head supervisors who were responsible for administering the exercises of the monetary foundations from the year 2002 to date should be made liable for causing the calamity in the monetary area." 

"Despite the fact that this court is well-equipped to draw the consideration of the Anti-Corruption Commission to start an essential enquiry against the aforementioned people, I select to avoid passing such requests/mandates for the time being with an assumption that the legislative leader of Bangladesh Bank will investigate the issue for the more prominent premium of the country to destroy the ability and sick plans of the wrongdoers so that no further open cash is purloined by the warped finance managers in a joint effort with the deceitful Bangladesh Bank authorities," Justice Khurshid noted. 

The HC seat named Justice Moyeenul Islam Chowdhury, a resigned judge of the Supreme Court, as the free chief cum-administrator of BIFC to direct the organization's executive gatherings and yearly comprehensive gatherings. 

It additionally delegated four autonomous chiefs to the organization. They are Shamol Kanti Ghosh, previous farming secretary; Dr Md Jamil Sharif, an instructor at Dhaka University; Md Mahamud Hossain, ex-VP of the Institute of Chartered Accountants of Bangladesh; and Md Shahadat Hussain, ex-individual from the public compensation and profitability commission. 

The recently designated executive is engaged to call, lead and hold an executive gathering of BIFC at his soonest accommodation in discussion with the backers of the gatherings and all the board individuals. 

The court additionally entrusted "Nurul Faruk Hasan and Co. Sanctioned Accountants" with doing review of the organization. 

It requested the CA firm to discover the resources, liabilities, and equilibrium of BIFC, the measure of individual ventures of the support investors in BIFC and the method of speculation by the support investors. 

The HC additionally requested that the BB lead representative do the needful to offer impact to the BIFC directorate. 

Legal advisor Omar Farouq showed up for Tees Mart Inc, while directs Hasan Azim, Mahfuzur Rahman Milon and Md Saiful Islam Saif contended for BIFC at the consultation.