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Cos charged with bank frauds to stay in business: Kamal

Published : Thursday, 5 September, 2019 at 12:00 AM  Count : 944

Finance Minister AHM Mustafa Kamal said the government wants to give a chance to business firms charged with credit fraud and other indiscipline including Hallmark and Bismillah groups. However, Finance Minister said it is not clear how they would be accommodated.
The Minister made the remark at a Cabinet Committee meeting on purchase held at the Cabinet Division Conference Room in the secretariat in the city's on Wednesday.
The Minister said all fraud companies including Hallmark, Bismillah, will return the money and their business will revive.
The Finance Minister said that the government will not be able to create a new businessman and so does not want to see existing companies dying.  
He also said, those who are there will do business. The government wants they will pay their loans back to banks. Hallmark has the ability to pay their loan. However, Hallmark will have to pay back the fraudulent money before starting a new business.
The Finance Minister said no businessman will be eliminated. Referring to a news item in the Indian daily Business Standard which said per head income of Bangladesh people will be on equal footing with Indian by 2020.  

But practically we are above Indian in all respects and income equality will be surely achieved next year, he said.
On the other hand, the Finance Minister said that the decision to reschedule loans with a 2 percent down payment is still pending under court order.
Meanwhile, the Cabinet committee has approves buying 200 spraying machines of killing drugs to prevent the spread of dengue and chikungunya fever. At the same time, the committee has approved buying 150 hand operated machines and 4,0000 liters of Malathion pesticide.
After the meeting, Finance Minister AHM Mustafa Kamal told reporters that the government is seriously considering the issue of how to bring dengue and chikungunya under control. Initially, although there was no coordination between service organizations, now all related organizations are working together to prevent dengue.

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