& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Outcome of probe to decide NCL’s restructuring

By Inam Ahmed and Sohel Manzur
The appeal of the National Credit Limited (NCL) to convert it Into a scheduled bank might be considered only if the present inquiry exonerates It of malpractices or violation of rules.
This was stated by Finance Secretary Nasimuddin Ahmed yesterday while talking to The Dally Star.
The Finance Secretary further said that the NCL was under pressure from its clients and It had no other option but to restructure Itself.
The matter, however, was entirely dependent on the management of the NCL. he said, adding that the Bangladesh Bank was conducting audit and investigations into the NCL's financial dealings and its papers.
He said that at present the Bangladesh Bank did not have enough materials to lodge a case or complaint against the NCL
But the investigation report would be finalised soon, he said adding that the matter of considering the proposals of the NCL might come only after it was proved to be fair in Its dealings.
The Finance Secretary.
further said that the matter of amending banking laws was under examination by the ministry concerned.
According to sources, a three-day audit and a criminal Investigation into the NCL started Sunday.
Meanwhile, the NCL maintained some transactions Sunday refonding the deposits of the clients In limited amounts. NCL sources said the pressure of clients for sudden withdrawal of their deposits resulted In the crisis of the company
Meanwhile, none of the absconding Directors of the Bangladesh Commerce and Investment Ltd (BCI) was apprehended till Sunday.
Sources close to the BCI said that all the directors were in the city and some of them also maintained contacts with the officials of the company.
At present, the amount in deposits of different government organisations with the BCI has been estimated to be Taka 25 crore.
Sources said that the organisations included the University Grants Commission (UGC), National Curriculum and Textbook Board (NCTBB).
Power Development Board (PDB), Bangladesh Chemical Industries Corporation (BC1C). Khulna Municipal Corporation. Khulna University. Waqf State. Khulna Cables, and the official liquidator of the High Court
The deposits had been maintained violating government directives not to maintain accounts with any nonbanking institution.
Bangladesh Bank in 1989 issued a circular to all government Jodies not to maintain such accounts.
According to sources 15 directors of the BCI withdrew Taka 40 crore from the company on September 30, 1991. Moreover, the MD of the BCI. Mustafizur Rahman and his family members withdrew another 50 crore leading to the liquidity crisis in the company.
The breakdown of the amounts taken as loan by the directors Is as follows : MG Quddus. Taka 5.26 crore. KM Habib Zaman, 5.04 crore, Saleh Ahmed Bhuiyan. 60.51 lakh. Abdul Jalil, 69.61 lakh. Farid Akhtar. 1.75 crore. AlhaJ A Matin, 51.17 lakh. Kazi Ashrafuddln, 9.02 crore, Mahbubur Rahman. 1.27 crore. Md Faruq. 98.62 lakh. AlhaJ A Alt, 6.05 crore, Tahera Akhtar, 2 crore. Nizamuddin. 2.63 crore, Saidul Islam Chowdhury, 1.74 crore, AFM Fakrul Islam. 1.27 crore and KM Raflquc. 1.23 crore.
Meanwhile, the workers and employees of the BCI have formed a co-ordinating council and urged the government to restructure the organisation into a bank.
They also demanded security of the Bangladesh Bank Investigation team now Inspecting the BCI branches. The employees also said they would extend allout cooperation to the Bangladesh Bank audit team.
The BCI Depositors Council Sunday urged the government to solve the BCI problem so that the depositors would be able to get refunds of their money from the institution.
The council at a press conference said that the depositors were confident about the BCI because the Finance Ministry had authorised it to borrow over Taka five lakh from people tn 1988.
They said that the government previously warned the BCI for resorting to corruption but .never warned the people to stop dealing with It.
Warning about consequences of the suspension of the BCI operations, the Council said, it was now being followed by a negative reaction in the whole private financing sector. It had destroyed confidence in banking, they said.
The council suggested that If the government wanted a healthy economy, it should not let Institutions like the BCI be suspended. About Taka 200 crore of the public was blocked with the BCI. it said.
It also said, that the government should formulate a -precise policy to prevent financial Institutions from collapsing
The council told the journalists It would continue to press the authorities until its money was refunded,
It would meet the Finance Minister as soon as possible in this connection, it said.