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PKSF chief says Bangladesh seeing ‘bank grabbing’ like river, land grabbing

report in bdnews24.com, Nov 27, 2017 at 21.07:32.0BdST
Palli Karma-Sahayak Foundation or PKSF Chairman Qazi Kholiquzzaman Ahmad has said like land grabbing and river encroachment, ‘bank grabbing’ is now on in Bangladesh’s financial sector.

He was speaking on the second day of a two-day annual banking conference organised by Bangladesh Institute of Bank Management or BIBM in Dhaka on Monday.

Kholiquzzaman, who teaches economics at Dhaka University, said, “Grabbing is under way in the banking sector in the country like the river and land encroachment, but no one is being brought to justice.”

“Such anomalies are prevalent in all strata of society which is widening the inequality and affecting society,” he said.

His comments came at a time when the recent takeover of several private commercial banks by an industrial group amid loan frauds at the state-owned banks is at the centre of discussions.

Asked for explanation of his comments at the programme, Kholiquzzaman told bdnews24.com: “By grabbing, I meant lootings by bankers like Abdul Hye Bachchu. Many other people and bankers like him are plundering bank money.”

Former Jatiya Party MP Bachchu had been the chairman of state-run BASIC Bank. He had to resign following an around Tk 45 billion loan scam in the bank.

After an initial investigation, the Anti-Corruption Commission said they had not found Bachchu’s involvement in the scam.

The ACC summoned him last Thursday after the High Court expressed ire at his name not being included in the case over the scam in August.
https://bdnews24.com/business/2017/11/27/pksf-chief-says-bangladesh-seeing-bank-grabbing-like-river-land-grabbing

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