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Rejoinder
The finance division yesterday contradicted a news item headlined "WB may defer credit as no move to vacate stay" carried by The Daily Star on September 26, saying the report on the role of the finance division is "baseless".
The report said the complications arising out of the privatisation of Rupali Bank may further defer the World Bank’s Development Support Credit (DSC) to Bangladesh. It also said the International Monetary Fund expressed dissatisfaction over the issue and questioned the government's sincerity in, initiating
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moves to vacate the High Court's stay order over the privatisation process of RupaliBank.
The report mentioned that no representatives of the finance ministry, Privatisation Commission and Hupali Bonk werepresent in court wiien tliestay order was declared and thehearingofthe case scheduled for August 23 also could not be held as no representatives of the attorney general's (AG) office attended thehearingdespite frequent reminders.
In a rejoinder, the finance division said the finance ministry had no scope to be present in court when the stay order was declared by the High Court (HQ as the ministry was not aware of It It said the finance division came to know about the writ petition against the Request for Expression oflnterest of the Privatisation Commission from a news item In The DailyStac
After learning about the case, tlie AG office was requested to take steps to Include the finance division as a respondent of the case. The I IC later included die finance division as the sixth respondent
Moreover, the finance secretary on August 10 sent the chairman of the Privatisation Commission a demi-official letter on the necessity of privatisation of Uupoli Bank anti tho possible financial loss of the government Ifitlsnotimplemcnted.
The government then prayed to the Appellate Division of the HC to stay the stay order, following which the Appellate Division on August 30 gave a two weeks' status quo and asked the government to filearegular leave petition.
The finance secretary in a letter asked the law secretary to tala: steps in this regard.
Later, the status quo period was extended and the date for hearing an the regular leave petition has been fixed on October 19.
The rejoinder said the additional secretary, joint secretary, deputy secretary, senior assistant secretary and other administrative officials concerned of the finance division are regularly pursuing the matterwith the AG office.