Published:  08:10 AM, 13 January 2025

Interim government should not torment media workers like ousted fascists



Ex Bangladesh Prime Minister Sheikh Hasina who stepped down from her post on 5 August 2024 and flew overseas has paid the ultimate price for her failure to stop corruption and irregularities that prevailed and mounted without stoppage during last several years in Bangladesh’s financial and banking sectors.

The Asian Age published a report on the front page on 26 February 2017 titled, “Tk 30, 000 crore vanishing trick: 60% of defaulted loans from public banks written off.” Taking this report into cognizance, the High Court ordered Bangladesh Bank to furnish full facts and figures related to the persons and amounts with reference to defaulted loans up to 31 December 2016.

Moreover, The Asian Age published some more striking reports on graft and anomalies in the financial arena such as “Scams, anomalies hammer banks” which was published on 14 March 2019; “Banking sector in bad shape” which appeared in The Asian Age on 21 December 2020; “Banks sink into abysmal woes” which appeared in The Asian Age on 10 December 2021; “Banking sector faces disastrous plight” which appeared in The Asian Age on 14 March 2022; “Mega defaulters seek more loans” which appeared in The Asian Age on 8 September 2019; “Corruption, irregularities devastate banks: Experts blame central bank” which appeared in The Asian Age on 16 February 2022; “Corruption and money laundering baffle economic prospects” which appeared in The Asian Age on 16 March 2022; “Money laundering issue comes under international pressure” which appeared in The Asian Age on 22 December 2021, “People’s Worries Over Banking Sector Deepen” which appeared on 30 June 2024 etcetera.

In particular, a special report titled “Monster Behind Spoiling Banks” raised a lot of hue and cry  which appeared in The Asian Age in November 2019. This report spotlighted on the blazing corruption, terror finance and money laundering allegedly committed by Nazrul Islam Mazumder who is President of Bangladesh Association of Banks (BAB) and Chairman of Exim Bank Limited. Following the publication of this report, Nazrul Islam Mazumder filed defamatory cases against The Asian Age. Furthermore, unidentified miscreants threatened to shut down The Asian Age press on 19 November 2019. However, both the cases filed by Nazrul Islam Mazumder were later on quashed by the High Court.

Nazrul Islam Mazumder became one of the ringleaders of financial frauds and banking rackets in Bangladesh by means of his close ties with the Prime Minister’s Office (PMO) while Sheikh Hasina was Bangladesh’s Premier. Nazrul Islam Mazumder donated great deals of money to the Prime Minister’s Relief Fund and thus he managed to carry on financial vices



Latest News


More From Editorial

Go to Home Page »

Site Index The Asian Age