Finance minister criticizes the media

The finance minister AMA Muhith has alleged that media’s role on Sonali Bank loan scandal issue is not acceptable. He said media is reposting in a way that many are questioning, whether the banking sector is collapsed. In fact the media is harming the Bangladeshi economy. The finance minister said almost 40 thousand crore taka is disbursed as loan and here four thousand crore taka is not such a huge amount. He said this from a roundtable discussion today.

Nearly four thousand crore taka was taken as loan form state owned Sonali Bank’s Ruposhi Bangla Hotel branch in favor of some fake companies of Hall-Mark group. Later central bank suspended 17 Sonali Bank officials in this regard. Moreover the central bank found that some other sate owned banks are also involved in this type of irregularities.  The anticorruption commission is investigating the matter.

Many economists expressed their concern that the central bank has been successful in controlling the private banks. But they failed to perform their regulatory duty for sate owned banks.

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