Archive for August 7th, 2006
Monday, August 7th, 2006With help from some high officials of Oriental Bank, a few unscrupulous persons using false identities obtained about Tk 300 crore in loans from the problem infested financial institution, reveals an investigation conducted by The Daily Star.Banking sources suspect many of these fictitious borrowers might be the bank's directors themselves. Besides, 'close friends' and business partners of the directors have borrowed heavily in excess of their limits.There are at least 100 cases of such fraudulent practice, banking sources said. However the actual number of such cases cannot be confirmed before the Bangladesh Bank concludes its investigation of the irregularities ...
(read more) Monday, August 7th, 2006The High Court (HC) yesterday issued a rule nisi on the government, police and Rab to explain why they should not be directed to ensure protection of the people arrested or detained in custody as per the law.An HC division bench passed the order following a writ petition filed by Human Rights and Peace for Bangladesh (HRPB) challenging the failure of the Rapid Action Battalion (Rab) to protect the lives of the arrestees or detainees in its custody.The respondents, who have been asked to reply within three weeks, are home secretary, inspector general of police, and director general of Rab, ...
(read more) Monday, August 7th, 2006The government yesterday announced 100 per cent basic government salary for the non-government teachers and staffs who had been observing agitation programmes keeping their high schools, colleges and madrasas under lock and key for about a month. The non-government teachers and staffs have so far received 90 per cent of the basic salaries from the government exchequer."Now the government will provide 100 per cent basic salary from the public coffers, which was the principal demand of the striking teachers," Education Minister Osman Farruk told a press briefing at the ministry.The announcement takes retrospective effect from July 1, the beginning of ...
(read more) Monday, August 7th, 2006The voter list is likely to have about nine crore people after being updated, while the Bangladesh Bureau of Statistics' (BBS) latest census report shows 8.02 crore people as eligible for being registered as voters. Earlier, a draft voter list published by the Election Commission (EC) enlisting 9.13 crore voters triggered an enormous controversy in May this year because of an unusual rise in the number of voters on that list.The BBS report shows that the number of people of the voting age of 18 years and above should stand at a maximum of 8.02 crore if none of them ...
(read more) Monday, August 7th, 2006The Bangladesh Bank (BB) finally dissolved the board of directors and removed the managing director of the Oriental Bank from office for a year yesterday for failure to run the bank. The central bank yesterday sent the order to the Oriental Bank's board of directors, saying that the decision has been taken to prevent unlawful activities and to safeguard the interest of the depositors.The members of the dissolved board and the managing director, however, can appeal against the decision to the BB board.Top officials of different private commercial banks, however, were not happy with the central bank's action.They ...
(read more) Monday, August 7th, 2006Energy Adviser and Board of Investment (BoI) Executive Chairman Mahmudur Rahman yesterday said investment proposals of worth $5 billion are pending for the upcoming general elections.The proposals of $3 billion of Tata Group, $1.5 billion of Asia Energy and $500 million of Kingdom Group are in negotiation stage and hanging for political decision."It is the country's misfortune that politicians are doing politics with economic development and investment," Rahman said in his presentation on 'FDI and Private Investment in Bangladesh during 2001-05' in the Meet the ERF Members programme held at the VIP lounge of the National Press Club.Rahman said the ...
(read more) Monday, August 7th, 2006Opener Shahriar Nafees notched his first one-day international century to steer Bangladesh safely to a face-saving eight-wicket victory against Zimbabwe in the fifth and final match at the Harare Sports Club ground yesterday.The win served as a consolation for the Tigers after the Zimbabweans had taken a decisive 3-1 lead in the five-match series winning the fourth one-dayer by seven wickets at the same venue on Friday.The left-handed opener scored an unbeaten 118, the highest individual score by a Bangladeshi batsman in one-day cricket, as the visitors chased down the home side's 197 with more than five overs to spare. ...
(read more) Monday, August 7th, 2006Thai Airlines is going to take over the management of Chittagong Shah Amanat International Airport on September 1, visiting Thai Foreign Minister Dr Kantahi Suphamongkhon said yesterday."We like to enhance cooperation in tourism, trade, investment, energy, gas and garment sectors," he told reporters after official talks with Foreign Minister M Morshed Khan at State Guesthouse Meghna in the capital.The official talks ended with the signing of a five-year agreement on cultural cooperation.Dr Suphamongkhon said Thailand would have a new airport in Bangkok on September 28 to increase flights between the two countries.As a reporter pointed out local political row ...
(read more) Monday, August 7th, 2006Three wanted criminals were killed in 'crossfire' between the Rapid Action Battalion (Rab) and the criminals in separate incidents in Chittagong, Kushtia and the capital early yesterday morning.A wanted criminal of eight cases including a murder case - Rabiul alias Suraiyatta was killed in 'crossfire' between the Rapid Action Battalion (Rab) and his cohorts in Boalkhali upazila early yesterday morning, reported our Chittagong University correspondent.Earlier, a team of Rab 7 raided Rajakhali area under Bakalia police station on Friday night and apprehended Rabiul alias Suraiyatta, son of Shah Alam. He was brought for interrogation at Rab Headquarters at Patenga.Following Rabiul's ...
(read more) Monday, August 7th, 2006Former chief adviser to a caretaker government, Justice Latifur Rahman, finally moves out of a government residence today, which was allocated to him under 'special considerations' by the prime minister after his term in the interim government had ended over four and a half years back."Yes, I will leave the house tomorrow (Monday)," Latifur Rahman, also a former chief justice, told The Daily Star yesterday. He will move to a Dhanmondi apartment, sources said.Latifur Rahman continued to live in the Mintoo Road residence although his three-month tenure expired on October 10, 2001, after the takeover of the country's administration ...
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