Court Correspondent: The High Court has ruled that a list of loan defaulters and money launderers in the last 20 years be filed.
It has also issued a rule asking why a strong committee should not be formed to probe the extent of irregularity and graft in the banking sector.
The Prime Minsiter’s Office secretary, Cabinet secretary, finance secretary, Bangladesh Bank governor and chairmen and managing directors of all the private and public banks have been made respondent to the rule.
The bench of Justice FRM Nazmul Ahsan and Justice Kamrul Kader gave the order today after hearing a petition filed by Human Rights and Peace for Bangladesh.
Barrister ABM Abdullah Al Mahmud Bashar argued for the state and Manjil Morshed represented the petitioner.
The court said that the financial state of the banking sector was in a vulnerable state and it needs to be solved fast. The court also ordered a report on how to retrieve the money from the defaulters and money launderers.
ABM Abdullah Al Mahmud said that the court has not fixed a date for the list to be filed.
On Jan 23, five ministry secretaries and the governor of the central bank were served with a legal notice to form a committee to probe embezzlement, loan approval irregularities and writing of interests in private and public banks. The notice asked for the committee to be formed within a week but since it was not done, the writ was filed.
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