Nation This Week


Thursday, November 2nd, 2017


 

A court in Dhaka sentenced 11 Freedom Party members on October 29 to life imprisonment in a case filed in connection with the attack on Sheikh Hasina in August, 1989. Two cases were filed following the attack, one for attempted murder and the other for exploding bombs targeting her then Dhanmondi Road-32 home. In the case filed for attempted murder of now Prime Minister Hasina, the judge sentenced each of the convicts to 20 years, while each of them was given life (30 years) in jail in the case filed for blasting bombs. Sources said the convicts would have to serve 30 years in prison.

 

Only four years after their inception, two private commercial banks are at a risk of becoming insolvent due to rampant corruption, posing a potential threat of a spill-over impact on the entire banking system, according to a Bangladesh Bank report. The issue has come to the notice of the Parliamentary Standing Committee on the finance ministry, which has voiced deep concern over the deteriorating condition of the Farmers Bank Limited and the NRB Commercial Bank. The central bank recently provided the committee with the report on the two banks that launched operation in late 2013 along with seven other banks. Between September and November in 2015, the BB conducted special inspections at Farmers Bank’s three branches in the city’s Gulshan, Motijheel and Shyampur, and found gross violation of banking rules in disbursing loans of around Tk 400 crore. The inspection teams unearthed that the bank’s Gulshan branch disbursed Tk 60 crore to Laila Bonospoti and Global Trading Corporation without taking the required mortgage. The BB also found that the directors of the NRB Commercial Bank were involved in massive irregularities — from forging signatures of directors to sanctioning loans of more than Tk 700 crore in breach of rules.

 

A teenage girl succumbed to serious burns on October 28, hours after she was set afire on flimsy grounds that she stole a mobile phone. The incident happened in Shibpur upazila of Narsingdi when four men tied Aziza Akhter, 14, to a tree, doused petrol on her and set her alight, police and family members said. With some 96 percent of her body burned, she was brought to the burn unit of Dhaka Medical College Hospital, where she died, hospital sources said. Abdus Sattar, Aziza’s father, said he had no words to describe the brutality with which his daughter was killed.

 

Chevron Bangladesh has finally agreed to continue their operation in Bangladesh after negotiations with the Petrobangla chairman and other higher-ups. Besides, the government’s unwillingness to close their business here has also led Chevron make the decision. Seeking anonymity, a Petrobangla official told reporters that although Chevron repeatedly said that they wanted to leave Bangladesh in several meetings, Petrobangla boss Abul Mansur Md Faizullah had convinced them to stay. The chairman convinced them saying their new investment would come under Petrobangla’s positive consideration, the official said. Sources said Chevron now has finally decided, after successful negotiations, that they would invest $400 million more in the gas sector.

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