Published: 12:39 AM, 07 April 2026
Bank Bandits Are Allegedly Attempting to Destabilize Government
It has been noticed with alarm very recently that a ploy is going on to trigger violence and restless circumstances in the industrial sector of Bangladesh. During last few weeks workers belonging to Nassa Group, S. Alam Group, Summit Group and Beximco Group blocked roads in Dhaka city a number of times and caused serious impediments to the movement of transports and paralyzed city life. These demonstrations with stoppage of vehicles on major roads in the capital are not isolated occurrences. Rather, allegations show that these agitations by workers are being artificially hatched as part of greater conspiracies to jeopardize the newly elected government which took oath only one month and a half ago. Reportedly some dishonest readymade garments owners are also associated with this clique who are trying to downgrade the ruling party's image and spoil the country's economic prospects.
Bangladesh Nationalist Party (BNP) won a landslide victory in the 13th parliamentary elections held on 12 February 2026. Tarique Rahman is at present Bangladesh Prime Minister who has issued instructions to different ministries and departments in the meantime to speed up operations in government offices and to deliver required services to the doorsteps of people from all walks of life with ironbound transparency, dedication and dexterity.
While the government is working tirelessly to restore rule of law and good governance across Bangladesh, a flock of conspirators have reportedly started conniving on vicious gambits to humiliate the government and to create hindrances so that the government's projects and development programs cannot go on smoothly. Reports have surfaced that notorious bank bandits are playing felonious roles at the back of this sinister intrigue to sabotage the government's goals and plans.
It may be recalled that Bangladesh's banks and financial institutions were thoroughly ravaged and plundered by a group of thugs and fraudsters during the overthrown Awami League regime. To be more precise, the banking system in Bangladesh and the financial sector suffered most from 2016 to 2024. Exim Bank's former Chairman and Nassa Group owner Nazrul Islam Mazumder was the ringmaster behind money laundering from Bangladesh to foreign countries and terror finance during former Prime Minister Sheikh Hasina's ruling period. Nazrul Islam Mazumder held the President post in Bangladesh Association of Banks (BAB) for years after years and he seized countless sums of money from private banks and illegally transferred all those funds to overseas locations. Nazrul Islam Mazumder was allowed to cripple banks so dreadfully because he was Sheikh Hasina's close relative. Moreover, Nazrul Islam Mazumder himself declared in 2019 that his asset volume is equivalent to 68 billion USD.
Prime Minister Tarique Rahman told during a parliament session a few days ago that 234 billion dollars have been laundered from Bangladesh to foreign countries. At the same time reliable sources have informed that the imprisoned financial scammers like Nazrul Islam Mazumder and his cohorts are making vile bids through the loopholes of legal procedure to get released and to plunder banks once again. The government's aim to retrieve laundered funds from abroad and to recover defaulted loans will go down the drain if branded bank monsters like Nazrul Islam Mazumder are allowed to get out of prison. Economists have expressed the opinion that if financial culprits can secure bail from courts, they will cause havoc to the country's already faltering economy.
Allegations from political sources show that some morally perverted policymakers and ethically degenerated legislators are about to enter a nexus with banking sector perpetrators to flood banks and financial institutions once again with corruption, anarchy and atrocities far more formidably than ever before.
In particular, some dysfunctional banks including Exim Bank, Global Islamic Bank, Padma Bank, Union Bank, Social Islami Bank Limited and Fast Security Islami Bank were subjected to enormous graft and fund defalcations during the previous years as a result of which these banks are now swirling in the middle of intensified liquidity crisis. The top officials of these banks and their board members siphoned off funds in every unethical way which also included wolf down the corporate social responsibility or CSR funds.
Executive Director of Transparency International Bangladesh (TIB) Dr. Iftekharuzzaman said that ruling parties in Bangladesh often say a lot of things about fighting corruption in banks but in reality nothing remarkable happens. He stated that actions speak louder than words and he called upon the ruling authorities to crack down on corrupt bankers and oligarchs without fears or favours quickly.
Barrister Sara Hossain said that if the government fails to establish accountability and integrity in the banking system, then the outbreak of corruption in all other sectors will take place in a gruesome way.
Eminent legal expert Dr. Shah Deen Malik commented that Bangladesh Bank, Finance Ministry and Financial Institutions Division have all the necessary instruments and capability to take stern actions against loan scammers but for mysterious reasons the financial regulators don't go for strong measures against culprits.
