Making public pay for bank looting
Bangladesh, Oct. 11 -- Bangladesh Bank (BB) governor Md Mostaqur Rahman has said that the country's banking sector would require Tk600 billion annually from the national budget over the next five to eight years to recover from the damage caused to the banking system through looting. Speaking at a Bangla QR promotion event on Saturday, the governor said that a third of the money lent by banks had been stolen before he took office. The story of how the banks were plundered under the previous political regime is by now an old one. What is new, and more disturbing, is the proposition that the government will have to pick up the bill for the crime committed by plunderers of the banks. And who would pay? Obviously, the taxpayers, who had no pa...
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