JP MP voices concern over capital flight from country

Jatiya Party MP Kazi Firoz Rashid in Parliament expressed concern on Sunday over capital flight and said money outflow from the country is taking place due to government's wrong policy and bureaucratic complexities, reports UNB.

Taking the floor on a point of order, he said that money can not be 'black' and urged the government to take proper initiative for keeping country's money within the country without considering whether it is black or white.

Citing media reports, the Jatiya Party MP said the country's money is going to Swiss Bank, Malaysia, America and Canada.

He said proper environment should be there in place to ensure such money is invested at home.

Deposits by Bangladeshi citizens at various Swiss banks rose by 62 Per cent year-on-year in 2013, mainly due to political unrest and lack of safety throughout the year when many predicted a government changeover.

The deposits that stood at Tk 32.36 billion (372 million Swiss franc) at the year end were Tk 19.91 billion in 2012, according to the latest data of Swiss National Bank (SNB), the country's central bank.