Islami Bank fined for third time

We strongly feel that imposing a fine of a meagre sum of Tk. 1 lakh is too negligible a penalty for gross irregularities on the part of a financial institution. What actually needed is much sterner measure against the offenders including the members of the board of directors and the managing director. In the meantime the enquiry against 20 officials found guilty should be carried out by an independent body that may include, amongst others, officials from the ministry of home and preferably one or two members from the intelligence agencies. We feel that individuals involved in such offences should be tried in the criminal court of justice. After all such transactions and financing have directly contributed to the proliferation of terrorism in the country.

Several weeks ago a leading Bangla Daily had also published the names of individuals along with corresponding bank account numbers, yet the disciplinary actions taken so far against the perpetrators are mere exchange of a few letters between the Bnagladesh Bank and the bank allegedly involved in the transactions.

Tap here to add The Daily Star as a trusted source

We are certain that such light measures will not make the slightest dent in the existing network of terrorists. It may rather end up encouraging future terrorists with renewed vigour. We urge the administration to move more decisively with a strong hand and without any further loss of time.