Tuesday, July 31, 2012

Bangladesh Bank (BB) Governor Dr Atiur Rahman behind stable economy,Bangladesh


BANGLADESH NEWS

After taking the chair, governor of Bangladesh Bank (BB) Dr Atiur Rahman has attended in some 80 meetings in remote areas of the country during his holidays where he talked with businessmen, bankers, farmers and general people.

His supervision work helped the banks to reach to the people of remote areas and the economists are saying that he is doing everything what was essential for stable economy.

According to the experts of banking sector of the country, it was a challenge to maintain the stability of the economy while many rich and developed countries faced economic recession.

Bangladesh Bank with Dr Atiur Rahman as governor implemented many multi-dimensional activities for the development of country’s financial sector.

Dr Atiur Rahman took his chair as governor on May in 2009. He is now known as poor-friendly governor as his performance was praiseworthy in reaching the banking service to the remote people.

For his extraordinary performance he has been nominated for Indira Gandi Award and got World No-Tobacco Day award.

For proper policy and techniques made by Dr Atiur helped to increase the growth of the country which is now over 6 percent and in second position in the South-Asian region.

Making a record, the expatriates sent some $ 13 billion during fiscal year 2011-12 and the foreign currency reserve stood at approximately $1000 crore.
Dr Atiur Rahman also took initiatives to facilitate the farmers to open bank account with Tk 10 only and some 1.30 crore farmers are getting banking service.

BB governor also started “School Banking Scheme” in 14 banks where 30,000 freedom fighters opened accounts.

From a very humble background Atiur Rahman rose to the top echelon of the society.

He was born in a remote village in Jamalpur district in 1951. His father who was a landless farmer had received no schooling in his life.

He passed the SSC and HSC examinations with outstanding results securing positions in the merit list both times. He went to the Dhaka University for studying economics.

After obtaining BSS and MSS in Economics, he applied for Commonwealth scholarship and was successful. He went to SOAS, London, from where he obtained his PhD in 1977.

His PhD thesis later came out as a book under the title “Peasants and Classes” published by the Oxford University Press, which is much admired by the economists worldwide and is being used as a reference book in many universities throughout the world.

On 29 April 2009, he was appointed as the governor of Bangladesh Bank, the central bank of the country, for tenure of four years. He assumed charge on 3 May 2009.

He is the 10th governor of the Bangladesh Bank, succeeding Dr Salehhddin Ahmed.

4410 apply to reassess HSC Chittagong Education Board answer sheet,Bangladesh


BANGLADESH NEWS

A total of 4,410 students under Chittagong Education Board have submitted applications for re-checking the answer sheets of Higher Secondary Certificate (HSC) examinations this year.

Confirming the matter, Exam Controller Dr. Pijush Datt, “All these students have appealed for reexamining their answer sheets as they did not get expected results.”

He said, “Results will be re-announced on August 14 after reassessing more than 16,000 answer sheets.”

Earlier, the applications were received by Short Messaging Service (SMS) using the service providing telecommunication company Teletalk from July 19 to 26.

Around 53,968 students from 191 institutions appeared in this year`s HSC and equivalent examinations and of them, 72.29 percent passed. 

Adviser to BNP chairperson Amir Khasru Mahmud Chowdhury:Prime Minister Sheikh Hasina during BBC’s Talk


BANGLADESH NEWS

Adviser to BNP chairperson Amir Khasru Mahmud Chowdhury said the remarks made by Prime Minister Sheikh Hasina during BBC’s ‘Hard Talk’ interview tarnished the image of the country severely.

The BNP leader came up with the allegation while addressing a discussion meeting organized by ‘Deshnetri Forum’ held at the National Press Club on Tuesday.

The Chittagong city BNP president also said, “The PM presented her party’s views instead of people’s view over caretaker government issue in the interview.”

Indicating premier, he said, “Dissolving the caretaker government system, you have shut the door of democracy. Now, people are knocking at the door of democracy.”

Forewarning the government, he said, “If you delay to open the door, people will compel to break it for the sake of their interest.”

Awami League has given up the caretaker government system to kill the democracy, he claimed.

“If you fail to come back to the track of democracy, you have to pay high-price like your father for killing democracy,” Amir forewarned.

With Forum Adviser Elbert T Costa in the chair, the discussion meeting was also addressed, among others, by Juba Dal President Syed Moazzem Hossain Alal, Rasheda Begum Hira MP and forum president Shahid Chowdhury.

Asian Development Bank (ADB),Jica extend loan activation for a month


BANGLADESH NEWS

The Asian Development Bank (ADB) and Japan International Cooperation Agency (Jica) on Tuesday extended their deadline for activating loan for the Padma bridge project by another month.

Finance Minister AMA Muhith said, "The deadline has been extended by a month that means the matter has to be resolved by that time."

The country representatives of ADB and Jica met with Iqbal Mahmud, senior secretary to the Economic Relations Division (ERD), and handed over the extension letters to him at his office.
Tuesday was the last day for extending the deal. By doing so, both ADB and Jica have extended their credit deadline for the fourth time since the World Bank’s temporarily suspension in August last year and its final cancellation of the funding recently.

ERD Secretary Iqbal Mahmud declined from making any comment on the issue.

The executives of the two co-financiers also did not make any comment to the media.

The World Bank on June 29 cancelled its $1.2 billion credit for the $2.9 billion project, saying it has proof of corruption conspiracy involving Bangladeshi officials, executives of a Canadian firm and individuals.

Grameen Bank (GB) refutes Prime minister interest rate remarks,Bangladesh


BANGLADESH NEWS

Grameen Bank (GB) on Tuesday contradicted prime minister’s remarks on its interest rate.

A letter issued by GB General Manager (Information and Media Co-ordination) Jannat-E-Quannine mentioned the prime minister in an interview with BBC HARDtalk said the interest rate of the bank is 30, 40 or 45 percent. “The prime minister’s statement is inconsistent with the fact.”

Grameen Bank said it operates five types of lending activities and the highest interest rate is 20 percent. “And the loan for beggars and its members (to build their houses) is interest free,” the letter said.

It also mentioned that the interest rate is lower than the government fixed one. The government (Microcredit Regulatory Authority) fixed the highest interest rate at 27 percent while Grameen Bank charges highest 20 percent.

BNP acting secretary general Mirza Fakhrul Islam Alamgir 45 others indicted for torching vehicle,Bangladesh


BANGLADESH NEWS

A Dhaka court on Tuesday framed charges against BNP acting secretary general Mirza Fakhrul Islam Alamgir and 45 others in an arson case.

Metropolitan Magistrate Harun-or-Rashid framed the charges rejecting the adjournment petition filed by defence lawyers.

The court also fixed August 7 for starting trial of the case.

Of the accused, Fakhrul and 38 others were present during the charge framing.

Meanwhile, the court also issued arrest warrants against BNP leaders Sadeque Hossain Khoka, Amanullah Aman and Nazimuddin rejecting their bail petitions.

Following the development, pro-BNP lawyers brought out a procession on the court premises protesting the court order.

Earlier, a metropolitan magistrate felt embarrassed to hear the case as the accused showed no-confidence in him.

Metropolitan Magistrate Mohammad Erfan Ullah felt embarrassed when defence lawyers filed no-confidence petition against him as he had simultaneously rejected their two petitions during the day's hearing.

In the no-confidence petition, they claimed that they will not get justice from the court as it rejected their petitions seeking adjournment of the hearing on charge framing in the arson case.

In the wake of the situation, the metropolitan magistrate sent the matter to the Chief Metropolitan Magistrate's Court in Dhaka for the next course of action in the case.

Chief Metropolitan Magistrate Bikash Kumar Saha sent the case to Metropolitan Magistrate Harun-or-Rashid.

Later, the metropolitan magistrate framed charges against the opposition leaders.

Police filed the case against the accused hours after a vehicle was set ablaze near the Prime Minister's Office in the capital during hartal hours on April 29.

PETITIONS AND ITS REJECTION

Earlier in the day, defence lawyers submitted a petition before the metropolitan magistrate saying that they had file a writ petition with the High Court on Sunday challenging the legality of appointing the magistrate to run the case.

As an order on the writ is yet to come and the issues remain pending in the HC, the defence on Tuesday prayed for an adjournment of the hearing on charge framing in the case.

But, the prosecution opposed it saying that the HC neither passed any order nor gave a stay on the issue. So, the case proceedings should go on, prosecution observed.

After hearing both sides, the court rejected the adjournment petition filed by defence.

Following the rejection, the defence filed another petition before the court seeking its permission to go to the higher court challenging its rejection order. Then, the court further rejected the petition.

In this situation, the defence filed no-confidence petition against the judge and the court sent the matter to CMM court.

ACCUSED IN THE CASE

Of the 46 accused, Jamaat-e-Islami acting Ameer Maqbul Ahmad and three leaders of Islami Chhatra Shibir have been absconding since the case was filed against them.

Former Dhaka City Corporation mayor Sadeque Hossain Khoka is in abroad for treatment while BNP leaders Amanullah Aman and Nazimuddin Alam are in Saudi Arabia for performing Umrah.

Remaining 39 opposition leaders including Fakhrul were present during the day's proceedings.

BACKGROUND

On May 10, detectives pressed charges against Mirza Fakhrul and 45 others in the arson case.

All the accused got bail in the case on June 7 and 14.  

Trail of 7 war crimes suspects may finish by Dec: Law Minister Shafique Ahmed,Bangladesh


BANGLADESH NEWS

Law Minister Shafique Ahmed on Tuesday said trials of five to seven persons accused of crimes against humanity will be finished by this year if the present speed of trial proceedings continues.

He expressed the hope while talking to reporters after a meting with Saudi Ambassador to Bangladesh Dr Abdullah Bin Naser Al-Busairi at his office in the Bangladesh Secretariat in the afternoon.

As the reporters raised an issue of preparation of the defence to submit lists of several thousands of witnesses to the international crimes tribunals, the law minister said that the tribunals can take actions against anybody who will create obstructions to their trial proceedings without any reason.

The tribunals will decide whether they will accept the list of thousands of witnesses from the defence, he said, adding that “I don’t feel that the tribunals will accept such list if it is submitted with a view to making delay in their proceedings”.

The tribunals are going ahead as per provisions of law, which has ensured speedy trial of cases, Shafique said.

A law ministry press release said the law minister told Saudi Ambassador Dr Abdullah Bin Naser Al-Busairi that the trial of killers of Saudi embassy official Khalaf Al Ali would be held at the speedy trial tribunal.

The Bangladesh government is sincere to complete trial of the killers of Khalaf in order to establish rule of law, he said.

Law barring infant food ads soon:infants' foods, Health and Family Welfare Minister Ruhal Haque,Bangladesh


BANGLADESH NEWS

Urging the media houses not to publish or broadcast any advertisement on infants' foods, Health and Family Welfare Minister Ruhal Haque on Tuesday said the government will soon enact a law barring such advertisements.

"Sometimes it appears that formulated foods are superior to breast milk if someone notices languages of the advertisements on baby foods," he said urging all to make awareness on the importance of breast feeding.

He made the comments at a press brief at his secretariat office on the eve of World Breast Feeding Week, 2012 from August 1 to 7.

With the slogan "Understanding the Past: Planning the Future" several government and non-government organisations will observe the week.

Worried about food adulteration, the minister said his ministry is working with other ministries concerned to formulate a tougher law to check food adulteration.

Ruhal said the prime minister increased maternity leave to six months from four months and urged private organisations to follow the instruction.

From the first hour into the birth of a baby it needs no food till it grows to six months, so proper growth and nourishment of babies, all should be conscious to check excessive use of powder milk for children, he said.

Among others Prime Minister's Health Adviser Dr Syed Modasser Ali attended the briefing.

Anti-Corruption Commission:money laundering cases against 22 officials of Destiny 2000 Ltd,Bangladesh


BANGLADESH NEWS

Anti-Corruption Commission on Tuesday filed two money laundering cases against 22 officials of Destiny 2000 Ltd including its Chairman Rafiqul Amin for embezzling over Tk 3285 crore.

ACC Assistant Director Md Towfiqul Islam and Deputy Director Mozahar Ali Sardar filed the cases separately with Kalabagan Police Station in the afternoon.

In the cases, the two ACC officials said Destiny 2000 Ltd misappropriated the money in the names of tree plantation project and Destiny Multipurpose Cooperative Society.

Towfiqul Islam filed the case against Rafiqul Amin, Lt Gen M Harunur Rashid, director of Destiny 200 Ltd, and 20 other officials on charge of embezzling over Tk 1178 crore from Destiny’s tree plantation project.

Twelve Destiny officials including Rafiqul Amin and Harunur Rashid were sued in the other case filed by the ACC deputy director bringing allegation that the accused misappropriated over Tk 2106 crore from the cooperative society.

There were only Tk 56 lakh left for the cooperative society and Tk 4.87 crore for the tree plantation project after the money was transferred, the plaintiff said.

If the allegation proved, the accused will have to give double money to the victims through the government according to the ACC law.

Movable and immovable property of the accused could be confiscated and they could be jailed for minimum 12 years, the ACC officials said.

World Bank fails to provide graft evidence:Prime Minister Sheikh Hasina tells BBC World,Bangladesh


BANGLADESH NEWS

Prime Minister Sheikh Hasina has claimed that though the World Bank raised corruption allegations against the Padma bridge project, the global lender could not provide graft evidence in favour of its allegations.


Hasina made the comments at an interview with BBC's HARDtalk during her five-day London visit to attend the inaugural ceremony of London Olympics 2012.



Part of the interview is given below:

BBC: Why has the World Bank lost confidence in your government’s ability to deliver on clean governance, let’s be clear what we were talking about. The World Bank wanted to put more than a billion dollars of funding into one of the most important infrastructural projects your country is seeing in many years – that is the Padma bridge project. They withdrew the funding because they had alerted your government to corruption in the handing out of contract they wanted action, they were not satisfied with the actions you have taken.

Hasina: Suddenly, they raised the issue. Then we – my finance minister and I, personally asked them, okay you give the proof. But they couldn’t place any substantial proof that there is corruption, they didn’t. And the main point is…

BBC: I am sorry, are you denying that there has been corruption in the handing out of contract in this Padma

bridge project? Hasina: Of course, of course, listen… BBC: Then, I am puzzled because one of the key ministers who stand accused in involvement in these has just quit your government, why is that? If there was no wrongdoing why has he done that? Hasina: Many people started accusing him so he resigned. He has done a brave thing. Had he been involved in this corruption, perhaps he would not have resigned. BBC: The question is, here on this particular project, on simple one… Hasina: No, no let me prove it… BBC: The World Bank sent a letter outlining their concerns, there were at least four different itemised concerns about corruption, now you have the opportunity to publish that letter to tell the Bangladeshi people exactly what the concerns were. You constantly refused to do that, why will you not publish that letter? Hasina: You can not do that because there is an embargo. BBC: No, the World Bank is happy to do that. Hasina: No, it is not true. They cannot do it. BBC: Of course, they can, they say… Hasina: Then, ask them to publish. BBC: But they say, they can not publish. Hasina: Why not? Why not? BBC: Because that’s how World Bank relationship with individual states works. You have the right, they do not. Hasina: Listen, the letter doesn’t mean anything. They should have proved with it. They could not supply any substantial proof with that letter. Just a letter cannot prove, yes, there is corruption. Time and again we asked it. BBC: The opposition says that the letter points at you and other senior figures of your government, is that true? Hasina: Listen, you can point anybody and the opposition can do it. It is the opposition job. My point is, our Anti-Corruption Commission – already they are investigating it and they asked the World Bank to send all the documents and they denied to send it. Now my question is, why they denied? If they have substantial proof why they denied to send all the papers and documents they have? They are not supplying, I personally want it. At first they placed two letters to me, that was not my government, not my ministers. I pointed out this was the previous government. So you give me the proof. Twice they did it but they could not prove. So, unnecessarily you cannot just accuse one without substantial proof - that is important.

Polls must be under a non-party neutral government:BNP Chairperson Khaleda Zia,Bangladesh


BANGLADESH NEWS

Apparently rejecting prime minister’s proposal to form an interim government with opposition, BNP Chairperson Khaleda Zia on Monday said next general elections must be held under a non-party neutral government.

“Countrymen don’t want to see this government anymore. And that is why the next election must be held under a neutral administration. Political parties will not accept any other form of government to hold elections,” she said at an Iftar party.

Doctors Association of Bangladesh (Dab) hosted the Iftar party at LD hall of the parliament complex.

Urging all to be united for making the upcoming tougher movement successful, the opposition leader said the present government showed absolute failure to run the country and that is why people want to get rid of the situation.

She said the government will be ousted through a vigorous movement after the Eid-ul-Fitr to save people from its misrule. “The government has no option but to quit,” she added.

“We will go for anti-government movement not to go to the power but to save the country and people from the ongoing miserable situation. I expect everyone to be with our movement,” the former premier said.

Prime Minister Sheikh Hasina blasts Nobel Laureate Prof Muhammad Yunus,Bangladesh


BANGLADESH NEWS

Prime Minister Sheikh Hasina has strongly criticised Nobel Laureate Prof Muhammad Yunus for charging high interest rates by the Grameen Bank he founded.

She came down heavily on Yunus in an interview with the BBC's HARDtalk. The interview was taken during her five-day visit to London that ended Sunday.

Here is the text of a part of her interview.

BBC: It seems a shame for the Bangladeshi people that your relationship with one of the most respected business leaders in your country, Noble Laureate Mohammad Yunus, has also soured so badly. Why did you call him a bloodsucker of the poor?

PM: You go to Bangladesh, you see in your eyes then you will see. But how could he say I said it? Did I mention his name? I didn’t. I said someone. But why it occurred in your mind…

BBC: Sorry, so let’s be clear about this. So are you now denying that you have said Mohammad Yunus is a bloodsucker of the poor?

PM: No I am not denying anything. I am putting a question to you, why it occurred in your mind that it is him? Why?

BBC: I have been reading the Bangladeshi press, everybody, it seems, in the Bangladeshi media believes that you referred directly when you used this phrase ‘a bloodsucker of the poor’. If you want to retract or if you want to tell me you didn’t mean him, then that’s fine.

PM: Listen, listen, I am telling one thing. Taking interest 40 percent, 30 percent or 45 percent from these poor people – is it fair? It is not. How can these poor people stand by themselves? If you lend money and take 35 to 45 percent interest, it’s a shame.

BBC: So the entire model built by Grameen Bank and Mohammad Yunus which has been celebrated around the world as a way of lifting poor people out of poverty – you are saying you do not accept it, you do not want it.

PM: I want there should be an enquiry that how many people come out of poverty because of that. If there’s one village, how many people? Poverty reduction is done by my government. Within three years we reduced 10 percent poverty. So, it is our government. And about this Grameen Bank, it is a government statutory body.

BBC: Isn’t it the truth that you forced Mohammad Yunus out of his role in Grameen Bank after he tried to setup an independent political party in 2007, that’s why you turned against him?

PM: Listen, that time I was in custody, I was in jail when he tried to form his political party. He was such a big person so why he failed? He has every opportunity, why he couldn’t form his own party?

Have you ever thought about it? Well, having said that, I am telling you I didn’t oust him from the Grameen Bank, he himself did it.

High Court clears Giasuddin Al Mamun of illegal wealth conviction,Bangladesh


BANGLADESH NEWS

The High Court on Monday scrapped 10 years’ jail sentence of controversial businessman Giasuddin Alam Mamun in a corruption case filed by the Anti-Corruption Commission adjudging his conviction illegal.

Delivering a verdict on two separate appeals, the court also acquitted Mamun’s wife Shahina Yeasmin, who was convicted and sentenced to three years’ imprisonment in the same case.

A special court on March 27, 2008, awarded Mamun, a close aide to BNP leader Tarique Rahman, 10-year and his wife three-year rigorous imprisonment in the case filed on charge of amassing wealth worth Tk 111.3 crore illegally.

The HC bench of Justice AKM Asaduzzaman and Justice Abu Taher Md Saifur Rahman delivered the verdict after allowing two separate appeals filed by Mamun and his wife against their convictions handed down by the special court.

The court has acquitted Mamun from the charges, on the ground that the notification issued by the then secretary to ACC Delwar Hossain on February 18, 2007, asking for his wealth statement was not valid, as there was no commission at that time.

The conviction and sentence of Mamun was illegal as the corruption case was filed against Mamun on the basis of that illegal notice, the court said.

The court also acquitted Mamun’s wife Shahina Yeasmin, as the commission implicated her in the case without issuing any notice to her, Advocate Shah Monjurul Hoque, a counsel for Mamun and his wife, said.

The counsel also said that Giasuddin Al Mamun, who now in jail, cannot get released following the HC verdict, since he is accused in some other cases.

Advocate Manju also said that Mamun’s wife is on bail in this case.

Mamun filed the appeal against his conviction with the HC in 2008, while Yasmin in 2010.

Barrister Rafique-ul Huq appeared for Mamun and his wife, while Advocate Khurshid Alam Khan argued for ACC.

Khurshid Alam Khan told that his client now can issue fresh notice to Mamun and his wife, asking them to submit their wealth statement.

He said that they will move an appeal before the Supreme Court against the HC verdict.