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State Minister for Finance tells House

Tk 1045 crore bad debts

Star Economic Report
Total bad debts of five nationalised banks and two de- । velopment financing institutions amounted to Taka 1045.68 crores on December 31.1989.
Classification of bad debts for 1990 is not yet complete.
This was stated by State Minister for Finance Mujlbur Rahman in the Jatlya Sangsad on Saturday In reply to a question by Sardar Shakhawat Hossain Bakul (Narsingdl-4).
The State Minister gave the break-up of Bad debts. The position on December 31, 1989 was as follows: Sonali — Bank Taka 363.68 crores. Janata Bank — Taka 153.00 crores. Agrani Bank — Taka
148.87 crores. Rupall Bank — Taka 165.53. Bangladesh Shilpa Bank — Taka 201.35 crores. Bangladesh Shilpa Rin Sangstha — Taka 89.08 crores and Bangladesh Krlshi Bank — Taka 4.34 crores.
The State Minister Informed the House during the question hour that total outstanding agricultural credits at the end of March, 1991 stood at Taka 5662.72 crores. He was answering a question by Mosharraf Hossain (Mymensingh-Netrokona).
Replying to another question by the same members, Mujtbur Rahman said that unsettled certificate cases against defaulters In repayments of
agricultural credits numbered 4,26,539 in January. 1991. The claims relating to such certificate cases amounted to Taka 416.33 crores, he added.
The State Minister told the House that, the employees of Sonali Bank embezzled Taka 12.48 crores during 1982-90 and that the recovered amount of such embezzled funds till now stood at Taka 5.25 crores.
Replying to a question by A.T.M. Alamgir (Comilla-10). Mujlbur Rahman gave the position of fund embezzlement during 1982-90 and recovery thereof in others nationalised commercial banks as follows: Janata Bank — embezzlement — Taka 19.47 crores and re-
covery —Taka 5.12 crore, Agrani Bank — embezzlement -Taka 8.53 crores and recovery — Taka 2.35 crores, and Rupall Bank — embezzlement — Taka 1.64 crores and recovery — Taka 4.73 crores.
Answering a question by Haji Rashed Mosharraf (Jamalpur-2). the State Minister for Finance told the House that smuggled gold, weighing 823.476 kilograms (Kgs), was seized from June 1982 to March 1991.
Punitive measures have been taken against he smugglers. he said.
The culprits have been handed over to the police for prosecution under the law. besides the Institution of departmental cases under Customs Law, he added.
The State Minister, replying to another miestlon by Md. Mizanur Rahman Manu (Dinajpur-4), said smuggled gold, weighing 1J4.083 kgs. was seized In 1989-90. The seized gold was valued at about Taka 7.69 crores.
He told the Sangsad that disbursements of foreign grants totalled about 10.45 billion US dollars (about Taka 23665.12 crores) and those of foreign loans amounted to about 11.18 billion US dollars (about Taka 26,26.441.86 crores).
Giving replies to a question tabled by Nurul Islam Monl (Borguna-2), the State Minister said that the amount of foreign loans disbursements during the period July 1982 to February 1991 totalled about 7.38 billion US dollars (about Taka 24.661.14 crores).