Dhaka, April 13 -- Transparency International Bangladesh (TIB) on Monday expressed grave concern over the 'Bank Resolution Act, 2026,' claiming that new provisions will facilitate corruption and allow "identified looters" to regain control of the banking sector.

The anti-graft watchdog stated that the inclusion of Section 18(a) in the Act guarantees impunity instead of ensuring justice for those responsible for the collapse of weak banks.

In a statement, TIB Executive Director Dr. Iftekharuzzaman described the move as "self-defeating," noting that it effectively rewards individuals who plundered the sector.

TIB urges cancellation of new Bangladesh Bank governor's appointment

The TIB chief pointed out that the "Bank Resolution Ordinanc...