Dhaka, April 14 -- Criticising the newly-enacted Bank Resolution Act 2026, the Transparency International Bangladesh (TIB) says the initiative will rehabilitate bank looters.

As a result, the banking sector is likely to once again turn into a haven for corruption and plunder, which will be self-defeating, it says.

The local chapter of the Berlin-based anti-graft watchdog made the observation in a press statement issued on Monday.

It said by including the provision of allowing former shareholders of the weak banks that had been merged to regain ownership without any form of accountability, the government had taken an initiative to rehabilitate identified looters.

The organisation further opined instead of addressing the long-standing m...