Allegation of Tk92 thousand crore looted from banking sector is absurd: Momen | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
May 09, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, MAY 09, 2025
Allegation of Tk92 thousand crore looted from banking sector is absurd: Momen

Bangladesh

TBS Report
26 December, 2023, 12:15 pm
Last modified: 26 December, 2023, 09:59 pm

Related News

  • 'Believe AL has no right to do politics': Adviser Asif expresses solidarity with NCP's demand to ban AL
  • JU students block Dhaka-Aricha highway demanding ban on AL
  • Women's tech empowerment remains priority amid budget constraints: ICT Division secretary
  • Stocks bounce back again after heavy sell-offs
  • Greening of 33 canals, lakes set to begin next week: Dhaka North administrator

Allegation of Tk92 thousand crore looted from banking sector is absurd: Momen

Momen also said if the CPD has an informative and objective account, the government will accept it.

TBS Report
26 December, 2023, 12:15 pm
Last modified: 26 December, 2023, 09:59 pm
File Photo of Foreign Minister AK Abdul Momen. Photo: Collected
File Photo of Foreign Minister AK Abdul Momen. Photo: Collected

The Centre for Policy Dialogue's (CPD)  allegation of Tk92,261 crore having been stolen from Bangladesh's banking sector through 24 major scams since the fiscal year 2008-09 is absurd, Foreign Minister Dr AK Abdul Momen said.

"Unfortunately many of those in the CPD are Russian economists. They sit at home and come up with strange numbers. Economists like them are responsible for the disintegration of a big country like Russia into nineteen pieces," the minister said while speaking to journalists during a public meeting in the Ambarkhana area of Sylhet yesterday.

Momen also said if the CPD has an informative and objective account, the government will accept it.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The foreign minister criticised CPD for bringing up the issue of the Tk23,000 wage demand of garment workers and said that if their demand is implemented, garment factories will be closed.

After talking to the journalists, Momen, also the Awami League candidate for Sylhet-1 constituency and the incumbent MP, campaigned for the upcoming 12th national election in Ambarkhana area.

CPD must say where Tk92,261cr from banks went: Quader
 

On 23 December, the CPD said during a press conference that since 2008, more than Tk92,000 crore have been embezzled from the banking sector through 24 major loan irregularities.

AL General Secretary and Road Transport and Bridges Minister Obaidul Quader yesterday said CPD itself needs to address the allegations it has raised regarding irregularities in the country's banking sector.

"Where has the money gone? We want to know that. The money will be brought back to the country if the organisation provides detailed information," Quader said.

Expressing his lack of knowledge about the CPD report, Quader said, "Whether it's Debapriya [Debapriya Bhattacharya] or Mustafiz [Professor Mustafizur Rahman] who authored the report, we demand information on the whereabouts of the money. We are committed to bringing those funds back."

CPD must say where Tk92,261cr from banks went: Quader

Meanwhile, Information and Broadcasting Minister Dr Hasan Mahmud alleged that the CPD had not conducted genuine research in preparing the report.

"They simply compiled a report based on some newspaper clippings and held a press conference. Their statements are nothing but blatant lies," he said on 25 December.

He continued, "Although the CPD press conference talked about research, in reality, it takes a considerable amount of time and information that is unlikely to be gathered by the organisation.

Top News

Foreign Minister AK Abdul Momen / Bangladesh / Bangladesh Banking Sector / Centre for Policy Dialogue (CPD)

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The protesters gather in front of Chief Adviser's Jamuna residence in the capital tonight (8 May), demanding a ban on Awami League. Photo: TBS
    'Won't move without clear roadmap on AL ban': Protesters, led by NCP, stage sit-in in front of CA's residence
  • Screengrab from video shared by Adviser Asif Mahmud
    Jubo League, Swechchhasebak League to be banned; process in final stage: Adviser Asif Mahmud
  • Bangladesh Bank. File Photo: Collected
    Bangladesh Bank tightens credit facility for bank directors and affiliates

MOST VIEWED

  • Bangladesh Investment Development Authority (Bida) Chairman Ashik Chowdhury speaks to media in Chattogram on 8 May 2025. Photo: TBS
    Free Trade Zone to be established on 400 acres in Ctg, AP Moller-Maersk to invest $800m: Bida Chairman
  • Why Atomic Energy Commission resists joining govt's digital payment system
    Why Atomic Energy Commission resists joining govt's digital payment system
  •  Fragments of what Pakistan says is a drone. May 8, 2025. Photo: Reuters
    Pakistan denies involvement in drone attack in Indian Kashmir, calls it ‘fake’
  • Representational image
    From next FY, parliament takes control of tax exemptions, capped at 5 years
  • A pink bus stops mid-road in Dhaka’s Shyamoli on Monday, highlighting the challenges facing a reform effort to streamline public transport. Despite involving 2,600 buses and rules against random stops, poor enforcement, inadequate ticket counters, and minimal change have left commuters disillusioned and traffic chaos largely unchanged. Photo:  Syed Zakir Hossain
    Nagar Paribahan, pink bus services hit snag in Dhaka's transport overhaul
  • Metal debris lies on the ground in Wuyan in south Kashmir's Pulwama district district May 7, 2025. Photo: REUTERS/Sharafat Ali
    Pakistan warns of nuclear war as India-Pakistan conflict escalates

Related News

  • 'Believe AL has no right to do politics': Adviser Asif expresses solidarity with NCP's demand to ban AL
  • JU students block Dhaka-Aricha highway demanding ban on AL
  • Women's tech empowerment remains priority amid budget constraints: ICT Division secretary
  • Stocks bounce back again after heavy sell-offs
  • Greening of 33 canals, lakes set to begin next week: Dhaka North administrator

Features

Graphics: TBS

Why can’t India and Pakistan make peace?

11h | The Big Picture
Graphics: TBS

What will be the fallout of an India-Pakistan nuclear war?

11h | The Big Picture
There were a lot more special cars in the halls such as the McLaren Artura, Lexus LC500, 68’ Mustang and the MK4 Supra which, even the petrolheads don't get to spot often. PHOTO: Arfin Kazi

From GTRs to V12 royalty: Looking back at Curated Cars by Rahimoto and C&C

1d | Wheels
The lion’s share of the health budget still goes toward non-development or operational expenditures, leaving little for infrastructure or innovation. Photo: TBS

Healthcare reform proposals sound promising. But what about financing?

2d | Panorama

More Videos from TBS

Why is China confident that the U.S. will lose the trade war?

Why is China confident that the U.S. will lose the trade war?

6h | Others
NCP strongly criticizes government over Abdul Hamid's departure from the country

NCP strongly criticizes government over Abdul Hamid's departure from the country

6h | TBS Today
Pakistan missile attack in Jammu

Pakistan missile attack in Jammu

7h | TBS News Updates
Relations with businessmen, Trump and Modi on the same path

Relations with businessmen, Trump and Modi on the same path

9h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net