Published:  02:52 AM, 13 May 2019

Leftist parties slam govt for banking turmoil

Leftist parties slam govt for banking turmoil Leaders of different leftist parties staged demonstration in front of National Press Club in the capital on Sunday blaming Finance Ministry for corruption and irregularities in the banking sector. -Jahidul Islam

Leaders of the leftist parties strongly condemned the government on Sunday for corruption and irregularities in the country's banking sector including extensively rising defaulted loans. They said that the government is providing undue privileges to the loan defaulters instead of taking actions against them. Such instances would encourage the loan scammers to commit more financial crimes, the leftist leaders added.

Leaders of Communist Party of Bangladesh (CPB), Biplobi Workers Party, Bangladesh United Communist League and Bangladesh Sammobadi Dal (BSD) addressed a rally on Sunday in front of National Press Club in the capital. The leaders and activists of the leftist parties were obstructed by police as they tried to blockade Finance Ministry.

BSD leader Bazlur Rashid Firoze, CPB general secretary Shah Alam, Biplobi Workers Party's general secretary Saiful Haque, Bangladesh United Communist League's general secretary Mosharraf Hossain Nannu and some other senior politicians spoke at the program.

The speakers said that the banks and financial institutions of Bangladesh have been massively plundered during last few years. They blamed the financial regulatory authorities like Bangladesh Bank and Finance Ministry for not taking any remarkable measure against the influential loan defaulters.

The leaders of the agitating parties said that the amount of defaulted loans has meanwhile reached 1 lakh 38 thousand crore taka. They also said that huge sums of money have been siphoned off through the financial scams of Hall Mark Group, Bismillah Group and some other companies.

The speakers demanded to the government to immediately arrest the financial fraudsters who have taken away mammoth sums of money from different banks through loans. The government is rewarding the loan defaulters rather than recovering loans from them, the leaders complained.

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