Exim Bank's losses cross Tk 500 crore

 
Exim Bank which was once owned by vicious financial thug Nazrul Islam Mazumder has in the meantime incurred monetary losses of Tk 500 crore. Nazrul Islam Mazumder who was the longest serving President of Bangladesh Association of Banks (BAB) was arrested after the downfall of the immediate past Awami League government on 5 August 2024.

Exim Bank was never in a good shape. Nazrul Islam Mazumder misused his BAB President post and spoiled a broad number of private banks during ousted Prime Minister Sheikh Hasina's ruling period from 2009 to 2024 with mysterious loans, illegal money transfer from Bangladesh to foreign countries, terror finance and political influence from the ruling authorities and intelligence departments. Fearsome allegations connecting Nazrul Islam Mazumder were reported by different newspapers but Nazrul Islam Mazumder and some other financial crooks were so much empowered by unseated Prime Minister Sheikh Hasina that these culprits devastated and polluted Bangladesh's banks and financial institutions in every unethical way.

Nazrul Islam Mazumder paid 10 to 15 crore taka alone to Sheikh Hasina's fund every year and this is how he lifted himself above the law. The Asian Age published a report titled "Monster Behind Spoiling Banks" in November 2019 in which the heinous and unlawful shenanigans of Nazrul Islam Mazumder were described on the basis of solid evidences, reliable sources and fact-based calculations. Nazrul Islam Mazumder filed two fabricated defamation cases against The Asian Age. Nazrul Islam Mazumder was backed by a demonized intelligence force. Hooligans loyal to Nazrul Islam Mazumder and that intelligence division busted The Asian Age press in November 2019 and threatened the newspaper's publication. However, both these cases were afterwards quashed by the High Court.

Even top officials belonging to former Prime Minister Sheikh Hasina's office and an egregiously influential military spy agency forced The Asian Age to disable the above corruption report on Nazrul Islam Mazumder from The Asian Age web portal. Nazrul Islam Mazumder even once boastfully said that he owns an asset volume of 67 billion dollars. Since Nazrul Islam Mazumder is now under the custody of the law and order forces, he should be interrogated wherefrom he amassed such a mountainous sum of wealth. Perpetrators like Nazrul Islam Mazumder should be punished in an exemplary way because these rogues have demolished Bangladesh's economic prospects through enormous scales of money laundering, loan scams and financial rackets one after another during last longer than 15 years while fascist ruler Sheikh Hasina was in power.