Dhaka, Oct. 27 -- BNP standing committee member Amir Khosru Mahmud Chowdhury on Monday said his party, if voted to power, will abolish the Financial Institutions Division (FID) to grant full independence to the Bangladesh Bank.

"BNP is committed to empowering the central bank and decentralising government authority from the bureaucracy," Amir Khosru said while speaking at the 'Economic Reform Summit' held at a city hotel.

He alleged that the FID was created with the sole purpose of controlling state-owned banks and facilitating 'loot and plunder' through politically favoured appointments of Managing Directors and board members.

"This division was created to control state banks. The purpose was to appoint preferred individuals as MDs an...