Cheated investors
Friday, 3 April 2009
THROUGH the media one can watch TV or read in newspapers that whenever the top guns of Bangladesh Garments Manufacturers & Exporters Association (BGMEA) or Bangladesh Knitwear Manufacturers & Exporters Association (BKMEA) or tannery or food or real estate sectors meet the Finance Minister or Bangladesh Bank (BB) governor, they often speak of higher lending rate, resulting in poor and poorer performances in their respective sector.
Fortunately, I had the opportunity to invest in the primary shares of those sectors, but many of them have not been paying dividends for years, some do not even arrange annual general meeting (AGM) regularly, some do not pay dividend even after declaring at the AGM! They are enjoying interest-free capital for years and they do not hesitate to embarrass the finance minister or BB governor, indicting the lending rate. In view of their position as very important persons (VIPs), commercially important persons (CIPs), top industrialists etc., they do enjoy state functions and accompany top executives on tours of the country.
Should not the authority concerned look into the matter? Many of the primary shareholders and primary debenture holders have been cheated while they are busy to obtain financial assistance from the government. It is called a rescue package or so. As an investor, I should get a slice of rescue package too, I hope!
Mahbubur Rahman
Po+Vill: Dasani
Dist: Bagerhat
Fortunately, I had the opportunity to invest in the primary shares of those sectors, but many of them have not been paying dividends for years, some do not even arrange annual general meeting (AGM) regularly, some do not pay dividend even after declaring at the AGM! They are enjoying interest-free capital for years and they do not hesitate to embarrass the finance minister or BB governor, indicting the lending rate. In view of their position as very important persons (VIPs), commercially important persons (CIPs), top industrialists etc., they do enjoy state functions and accompany top executives on tours of the country.
Should not the authority concerned look into the matter? Many of the primary shareholders and primary debenture holders have been cheated while they are busy to obtain financial assistance from the government. It is called a rescue package or so. As an investor, I should get a slice of rescue package too, I hope!
Mahbubur Rahman
Po+Vill: Dasani
Dist: Bagerhat