Social Welfare Minister Rashed Khan Menon yesterday came down heavily on Finance Minister AMA Muhith, saying that the ministry and Bangladesh Bank have become “worthless” as bank directors are now determining lending and interest rates and the cash reserve ratio.
Participating in a parliament discussion on the proposed budget for 2018-19, he said bank owners got the maximum benefit in the budget whereas wholesale looting and money laundering was occurring in the banking sector.
Menon, also the president of the Workers Party of Bangladesh, said common people were paying dearly for the looting while Muhith was using taxpayers' money to provide capital to banks.
Criticising the budget, he said it gave various facilities to the rich to make them richer but reduced those for the common people, making the poor poorer.
Lauding the ongoing drive against illicit drugs, Menon said “encounters” and “gunfights” were not ways to address the drug menace, rather social resistance should be raised.
He called for bringing “godfathers” of such illicit drug rackets to book and demanded that the government confiscate their property.
He also requested the prime minister to direct law enforcers to launch a drive against corruption.
People are annoyed with the ruling Awami League men grabbing properties, misbehaving with people and manipulating tendering along with the malpractice of bribery and rampant corruption, he said.