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Muhit blames partymen for failure to deal with bank swindlers

30 June,2015

RTNN News Desk: Finance minister Abul Maal Abdul Muhith on Tuesday resented his failure to take actions against the culprits involved in embezzlement of millions of Taka from state-owned banks and blamed support from the ruling party men for the entire affair.

“Sonali Bank and Basic Bank scams have taken place and we have taken some steps to deal with the culprits. A deputy managing director (DMD) had landed in jail and he died there. Another one is still behind the bar,” he said while taking part in discussion before passing the new budget in parliament.

But, Muhith expressed his frustration saying, “Despite my efforts, I could not take a particular culprit to jail as people like him enjoy support from our [party] men. And that is why, I am extremely disappointed.”

An aggregate amount of about Tk 4,000 crore (Taka 40 billion) was misappropriated from the Sonali Bank in the form of fake loans by Hall-Mark Group with connivance of powerful people. Another huge amount of more than Tk 4,500 crore (Taka 45 billion) was embezzled from the Basic Bank by a variety of means.

The finance ministry that AMA Muhith has been running since 2009 with the assumption of office by the Awami League government, is the regulatory authority of the state-owned banks including the two.

The finance minister said, “The board of directors of the Basic Bank has been formed anew. They are investigating into into the scam.”

He said necessary actions would be taken against those involved in the scam once the probe report is available.

“We have already taken measures so that those involved in the scam cannot flee the country,” he added.

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