Welcoming the government bid to disqualify loan defaulters, tax evaders and criminals for the FBCCI polls, the apex trade body yesterday termed the decision a timely move.

In line with the laws applicable for national elections, the loan defaulters and criminals should also be barred from contesting the FBCCI polls, said Mir Nasir Hossain, president of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

The commerce ministry in a letter to the FBCCI on Monday said loan defaulters, tax evaders and persons convicted of crimes, corruption and moral turpitude will not be eligible to contest the FBCCI election within five years of their convictions.

The commerce ministry also asked the federation to change rules relating to participation in its biennial election within 15 days as per the Trade Organisation Ordinance, 1961.

"We have already sent the ministry's directive to legal experts for vetting," Nasir told reporters at a briefing at the federation building.

However, he said it will take time to implement the directive, as at first the FBCCI board is supposed to take a decision to change the rules and then it has to be okayed by an extra-ordinary general meeting within 21 days from the date of the board decision.

"We may sit within two or three days to take a decision to this effect," the FBCCI chief said.

Nasir also lauded the government decision to allow whitening of the legally earned but undisclosed money until July 31.