Thursday, March 21, 2019 | ePaper

Muhith harshly criticize CPD

Report on banking scam politically motivated

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Special Correspondent :
Finance Minister AMA Muhith on Thursday harshly critisized the Center for Policy Dialogue (CPD) for its report on the banking scams, terming it politically motivated.
"I totally disagreed with the report as it did not focus the real scenario of the banking sector. I think the report is politically motivated as it has been done just ahead of the national elections," he told reporters when his attention was drawn to the CPD's observation on the banking sector.
Muhith added that the report came just three weeks before the national elections and the think-tank brought forth the issue with a political motive.
A total of Tk 22,502 crore was plundered from the country's banking sector    
 through major scams, irregularities and heists in the last one decade, according to the report of the CPD.
The money is equivalent to 39 per cent of income tax collection in the fiscal year 2017-2018 or 78.2 per cent of the cost for Padma Multipurpose Bridge construction, says the report titled 'Banking sector in Bangladesh: moving from diagnosis to action.' The private think tank on Saturday revealed the findings of the report at a dialogue on 'what do we do with the banking sector of Bangladesh?' held at Khazana Gardenia Banquet Hall in Dhaka. Criticizing the CPD, the Finance Minister said, despite all the economic development under the present government, CPD continued to criticize it which is unacceptable. "CPD has lost its credibility as it is going beyond the actual facts while unveiling reports on the economy," he added.

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