Alarming flight of capital

It is shocking to know that an amount of Tk.1.7 billions has gone out of the country. It only points to the extent of corruption prevailing in our society. When our fellow countrymen are working hard abroad and remitting valuable foreign exchange to the country, some unscrupulous people, including politicians, bureaucrats, and businessmen are siphoning money out of the country for some known and some unknown purposes. These people are transferring their ill-gotten money through various illegal channels and are actually weakening the economy. It is clear that there can not be political stability if money is flashed out of the country through illegal means, simply because it gives rise to public unrest. But we must establish political stability in the country to foster economic development. The government can not evade its responsibility in this regard and it must do whatever is necessary to identify the corrupt people involved and bring them to book and plug all the holes to make sure that no money is transferred out of the country illegally. Anti corruption commission should also take a tough stand on the issue and make sure that money earned here is retained here.                                                                                     

Masud Rana

Dhanmondi, Dhaka.