The Financial Express

Bid to amend Banking Companies Act

Govt wants 'dynasty' in private banks: BNP

| Updated: November 23, 2017 12:20:54

Govt wants 'dynasty' in private banks: BNP

BNP has alleged that the government plans to create a scope for pro-Awami League businessmen to establish dynasty in private banks.

The party's Senior Joint Secretary General Ruhul Kabir Rizvi made the allegation at a press conference at BNP's Nayapaltan central office on Wednesday.

"The parliamentary standing committee on finance recommended passing the Banking Companies (Amendment) Act-2017," he said.

The BNP leader said that the amendment will allow four members of a family to sit on a bank's board.

"It will increase the tenure of the board of directors of a bank from six years to nine years," he said.

Rizvi also said, "The government is going to ensure the opportunity for the families of pro-Awami League businessmen to indulge in looting through passing the law. "

He alleged that a widespread plundering has been going on in the banking sector since the current government came to power. "The new act will create further opportunities for looting public money."

The BNP leader said the country's economy is now on the brink of collapse due to unbridled plundering and corruption in the financial sector." The ruling party men have occupied a number of banks one after another. It seems the current government has become a bandit to loot all the wealth of people."

Rizvi also described the proposed National Broadcast Act-20017 as a black law, saying the main motive behind the act is to regulate the media.

He also alleged that the government is planning to pass the act to suppress its opponents, critics and alternative opinions. "The government will also snatch people's freedom of expression through it."

The BNP leader strongly protested and condemned the government's move to pass the and broadcast act.

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