Awami League government’s corruption,slowed down Bangladesh

Padma Bridge corruption:
Padma Bridge is a very important prioritizing work for Bangladesh’s economy. It
has been described as a special project in the national economy. But the current
government of corruption charges against high-level officials of the Padma Bridge
loan agreement with the World Bank, which was rejected last June 9. Not only has that,
the World Bank, a government minister resigned amid allegations of corruption
and an advisor been mandated to go on holiday. World Bank delivered a statement
about the government of corruption in the Padma bridge project with World Bank
in the context of extreme debt was canceled on June 30. The government and nongovernment officials have been accused of corruption. The donor agency said, positive response to these allegations could not be found adequate from the
Government of Bangladesh.

3285 core Tk. embezzlement in Destiny Group:
Destiny group had transferred of 3285 core money from general people by
financial fraud and money laundering with the help of government’s supporters.
State agency Anti-Corruption Commission (ACC) at the end of the investigation
several times accused Destiny group for huge amount of money laundering. ACC
said Destiny-2000 Limited authority collect 3285 crore 25 lakh 88 thousand 524
taka in the name of Destiny tree plantation and Destining Multipurpose
Cooperative Society. But their separate accounts 56 lakh and 4 cores 87 lakh taka
was found. The rest of the money has been appropriated by money laundering.

Looted from the banking sector:
About 30 thousand crores taka is looted from Sonali, Rupali, Agrani, Janata, Krishi
and non-Government 25 banks in 3 and half years until June 2009 to 2012. Worth
less than the value of exports and imports showed banks showed the nay money at
all. Some of the bank’s high profile officials are related with direct and indirect
support to loot huge amount of money from banks to remove by, which evidence
found by Bangladesh Bank officials. The letter of credit opened by the bank in the
name of fake company’s huge amounts of money has been trafficked. The
investigation found by central bank, the establishment of corporate bonds in favor
of the customer in the branch without the approval of the board of managers of
credit opened by fake way. Without any kind of collateral in non-funded credit
(deferred letter of credit and LC site) has been given the benefit.

Bangladesh Bank Scandal:
In February 2016, instructions to steal US$951 Million from Bangladesh Bank, the
central bank of Bangladesh, were issued via the SWIFT network. Five transactions
issued by hackers, worth $101 million and withdrawn from a Bangladesh Bank
account at the Federal Reserve Bank of New York, succeeded, with $20M traced to
Sri Lanka (since recovered) and $81M to the Philippines. The Federal Reserve
Bank of NY blocked the remaining 30 transactions, amounting to $850 million, at
the request of Bangladesh Bank. The central bank officials involved in the theft,
according to the Reserve Bank’s reserve fund committee formed to investigate the
theft of the former governor Mohammed Forash Uddin. It is not only involved
Swift; Bangladesh Bank can not avoid responsibility. Ex-governor of Bangladesh
bank is Dr. Salahuddin Ahmed said, “I’d say it’s not hacking, it’s theft.”

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