Friday, August 3, 2012

Niko Car Scam former state minister for energy AKM Mosharraf Hossain charged with bribery,Bangladesh


BANGLADESH NEWS



The Anti-Corruption Commission (ACC) yesterday pressed charges against former state minister for energy AKM Mosharraf Hossain for taking bribe from Niko Resources Ltd, a Canadian energy producer.
In a bribery case, the ACC also charged Niko's former vice-president Kashem Sharif with helping Mosharraf to cause loss to the government exchequer.
Investigation officer (IO) of the case and ACC Assistant Director Shahidur Rahman submitted the charge sheet to the Chief Metropolitan Magistrate's court of Dhaka, naming 15 prosecution witnesses and showing Kashem as fugitive.
The IO appealed to the court to issue an arrest warrant against Kashem.
The anti-graft watchdog had filed the case on February 12 with Shahbagh Police Station accusing the two.
The High Court granted bail to Mosharraf till the submission of the police report.
According to the case statement, Mosharraf received a Land Cruiser jeep worth about Tk 95.58 lakh as a gift, and 5,000 Canadian dollars as bribe from Niko in 2005 to ink a contract between the government and Niko with the provision of selling gas to government at an inflated price.
Last year the Niko authorities confessed to a Canadian court that they were compelled to give the gift and bribe to sign the deal.
A joint venture of Niko and Bangladesh Petroleum Exploration and Production Company Limited (Bapex) redeveloped the Feni Gas Field in 2004. The company has been operating in Bangladesh since 2003.
The ACC during the tenure of the last caretaker government had filed another graft case against former premier Khaleda Zia, Mosharraf and nine others on charges of corruption and abuse of power in awarding a gas exploration deal to Niko.
The case statement said the contract caused a loss of Tk 13,777 crore to the state exchequer during the tenure (2001-2006) of the BNP-led four-party alliance government.

Save the Grameen Bank Appeals shocked Nobel Laureate Professor Muhammad Yunus said,Bangladesh


BANGLADESH NEWS

This is what Nobel Laureate Professor Muhammad Yunus said after the government empowered the Grameen Bank chairman in choosing a managing director for the microlender.
Here is the statement of the Grameen Bank founder:
"I had always expressed this apprehension. Now my apprehension has started to translate into a reality. I am extremely sorry that we could not be successful in forestalling this process. I am very disheartened to see that the poor is being deprived of the ownership of the bank they run and of the power to exercise their ownership."
"I am so dejected that I have become unable to express my feelings. I am requesting the people of Bangladesh who are feeling dejected like me to tell the government that a big mistake is being done and the government should abstain itself from doing it."
"This government decision will destroy the bank of the poor and the country's bank of pride. I request the countrymen to come forward to protect the property of the poor and the country. I also request the poor owners of Grameen Bank to urge the government and their fellow countrymen so that they do not curb their rights to exercise ownership."