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		<lang class="3" colour="#000000" orgstyle="HEAD new 2" style="Headline1"  font="Blacker Pro Display" fontStyle="Regular" size="25">NBFI depositors cry for payback </lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="FROM PAGE" font="Blacker Pro Display" fontStyle="Bold" size="7">FROM PAGE B1
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">submitted to the company were ignored, leaving us uncertain about our future,” she said, urging collective action, including approaching the BB governor and the finance minister.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">A representative of the Khaled Mansur Trust, a privately funded charitable organisation, said the trust invested donated assets in institutions such as People’s Leasing, International Leasing and FAS Finance.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">“The returns were used for education, healthcare, and welfare activities for underprivileged communities. However, with the funds now lost, our humanitarian work has been severely disrupted,” the representative said.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The trust urged the government to recognise it as a charitable entity and ensure the return of its deposits, saying that without support, its work for orphans and disadvantaged children may collapse.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Speakers called on the authorities to take immediate steps to repay the depositors, saying many families are living in acute distress. They said about 2,000 families have been affected. Many have neither recovered their principal nor received interest.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">At the beginning of the press conference, Nashid Kamal read out a written statement on behalf of the affected depositors. She demanded the return of their hard-earned savings.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">“For nearly seven years, depositors of various non-bank financial institutions have been suffering severe financial hardship due to mismanagement, weak governance, and delayed regulatory actions,” she said.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">She said that while reforms, deposit protection and recovery mechanisms have been introduced in the banking sector, similar effective measures have not been properly implemented in the NBFI sector.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">“We firmly state that any recovery or deposit protection framework applied to banks must also be extended to NBFIs, with necessary adjustments while safeguarding depositors’ fundamental rights. A depositor is a depositor whether in a bank or an NBFI. Equal protection, fair compensation, and timely repayment must be ensured in both sectors.”
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The forum demanded a clear, transparent and time-bound roadmap to return deposits within 36 months, immediate recovery efforts for troubled institutions, regulatory protection equivalent to that in the banking sector, full transparency and accountability in liquidation and recovery processes, and strict legal action against those involved in financial irregularities.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">In the statement, she said, “We call upon the government, the central bank, and all relevant authorities to take urgent and effective steps to restore confidence in the financial sector and ensure justice for affected depositors.”
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">“Our demands are simple and fair,” she said, adding that they would remain united in lawful protest until depositors’ rightful money is fully returned.
</lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">In January this year, the central bank decided to liquidate six of the country’s 35 non-bank financial institutions because of poor financial health.
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The current BB governor, Md Mostaqur Rahman, appointed by the BNP-led government, has said reforms will continue, including the liquidation of the six institutions.</lang>
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