Finance Minister Mustafa Kamal has raised questions on the source of income of private think-tank Centre for Policy Dialogue (CPD).
“We need to know where their funds come from,” he told the media at his office in the capital’s Sher-E-Bangla Nagar on Monday.
“CDP always works for [implementing] its agenda,” Kamal added.
“We need to know from where they [CPD] get their funds,” he told the media call at his office in the capital’s Sher-E-Bangla Nagar on Monday.
“CDP always works for [implementing] its agenda ... Don’t publish negative indices and compare the development of Bangladesh to the global situation instead,” Kamal added.
The minister urged the think-tank to come up with solutions to the challenges the Bangladeshi economy faces.
Prior to the media call, the minister held a meeting with a delegation of depositors of People's Leasing And Financial Services Limited.
Kamal assured the 6000 depositors of being paid off soon saying he would take all necessary initiatives in his capacity.
Coordinator of People's Leasing depositors association, Atikur Rahman said, “They met the minister as they were not given a deadline [to be paid off] during a meeting with Bangladesh Bank governor.”
“The minister informed us that measures will be taken give back Tk 7 million to the depositors,” he added.
On Jun 10, Bangladesh Bank announced to liquidate People’s Leasing and Financial Services (PLFS) as its financial condition deteriorated significantly in recent years.
Liquidation of PLFS means closing its operations permanently and the government will take actions to settle liabilities by selling off its assets.
PLFS has failed to repay the depositors’ money despite maturity of the funds, found a Bangladesh Bank report. Default loans and net losses have recently escalated as well.
During the announcement, the central bank officials said the assets of People’s Leasing are valued at Tk 32.39 billion against the Tk 20.36 billion deposits by clients.
So, it would not be a problem to pay off the depositors.
Previously, two banks — Bank of Credit and Commerce International and Oriental Bank — that were on their last legs were restructured but not liquidated.
