Body to bring back laundered money in the offing

Says Finance Adviser


FE REPORT | Published: September 06, 2024 00:04:27


Body to bring back laundered money in the offing


The government will form a taskforce to bring laundered money back home, Finance Adviser Dr Salehuddin Ahmed said on Thursday.
He also said the commodity prices will go down within a few months.
The adviser was talking to newsmen after a meeting with representatives of apparel buying houses at his Secretariat office in the capital.
"Action has been taken to recover default loans … banks with issues are being reorganised," he said.
The Bangladesh Bank governor has also addressed the liquidity problem in banks, said the adviser.
Asked about the visible reforms since the interim government taking over office, he said: "Of course, many things are visible."
Talking about the country's trade and commerce, Dr Ahmed said the government has lowered import duties on potatoes and onions and instructed (authorities concerned) to ensure adequate supply of commodities in the market.
"We have also asked to monitor the market situation," he added.
According to bdnews24.com, Bangladesh has sought $3 billion in loans from the International Monetary Fund (IMF), says Finance Advisor Salehuddin Ahmed.
The advisor told government officers to remain vigilant so that the money was not wasted during his visit to the Ministry of Science and Technology on Thursday. "Earlier, a lot of funds were wasted. These funds belong to the people and we can't let it go to waste," he told the officers.
Science and technology are the most important factors in implementing the development programmes in the country, Salehuddin said. Development would not be 'meaningful' unless the 'output' of science and technology was used, he said.
"Our livestock and fisheries production increased due to the research on it and the application of research findings. The sector saw tremendous development. People should realise that a Ministry of Science and Technology exists. The ministry's work shouldn't be limited to the Rooppur Plant. You have to prove yourself through your work."
He also said that if the officers' 'contribution' to the society 'failed,' people would speak out against them. "It won't happen very soon, but gradually you need to bring changes to your work. You have to contribute."
The advisor said he took 'responsibility' and not 'power' when he was sworn in, adding that he needed cooperation from everyone. He gave directives to bring dynamism to the existing development programmes of the ministry and ensure transparency and accountability.

syful-islam@outlook.com

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