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๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh /Elections & Politics

Opposition leader urges PM to address Islami Bank crisis, rejects RDS allegations

From Daily Star · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources Under investigation
  • Opposition leader Shafiqur Rahman urged Prime Minister Tarique Rahman to address the crisis at Islami Bank.
  • Rahman rejected allegations regarding the bank's Rural Development Scheme and called for a thorough investigation.
  • He accused the government of using S Alam as an instrument to destroy the bank and criticized the appointment of a former deputy governor as chairman.

Shafiqur Rahman, leader of the opposition and Ameer of Jamaat-e-Islami, has called on Prime Minister Tarique Rahman to take the Islami Bank situation seriously to safeguard the institution and restore public trust in Bangladesh's banking system. Speaking in parliament, Rahman alleged that Prime Minister Sheikh Hasina, using S Alam as a tool, has destroyed the bank.

Sheikh Hasina destroyed this [Islami] bank, using S Alam as her instrument. We now clearly see that the way is being paved for S Alamโ€™s return. Proof of this is in the appointment of a former deputy governor of Bangladesh Bank as chairman.

โ€” Shafiqur RahmanAccusing the Prime Minister and criticizing the appointment of the new bank chairman.

Rahman specifically criticized the appointment of a former deputy governor of Bangladesh Bank as the new chairman, viewing it as a sign that S Alam's return is being facilitated. He claimed that shareholders were pressured by a special agency to transfer their shares against their will, stating, "They did not buy these shares to hand them over. They had been with this bank for generations."

They did not buy these shares to hand them over. They had been with this bank for generations.

โ€” Shafiqur RahmanDescribing the alleged pressure on shareholders to transfer their shares.

Addressing the Rural Development Scheme (RDS), Rahman defended its non-partisan and non-religious nature. "It belongs to no party, no religion. I myself was on the board. Beneficiaries came from different faiths. The focus was on target groups, not party or religion," he asserted. He challenged accusations that funds were diverted to party coffers, stating, "If even a single taka went into party funds, I say, searchlight should be used."

It belongs to no party, no religion. I myself was on the board. Beneficiaries came from different faiths. The focus was on target groups, not party or religion.

โ€” Shafiqur RahmanDefending the non-partisan nature of the Rural Development Scheme.

Rahman further alleged that the newly appointed chairman, a former deputy governor previously removed for collaborating with a dictatorship, aided S Alam's alleged misdeeds. He described the official as "dishonest and unfit" to lead a bank in crisis. Rahman urged the government to take responsibility, emphasizing that competent leadership is crucial for the bank's survival and the nation's benefit.

If even a single taka went into party funds, I say, searchlight should be used.

โ€” Shafiqur RahmanChallenging allegations of party fund diversion through the RDS project.
DistantNews Editorial

Originally published by Daily Star in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.