Media Trials: A conspiracy to cripple the economy

A domestic and international conspiracy has emerged to destroy the country’s economy, particularly its banking sector and private industrialists. A group, masquerading as patriots, is orchestrating a media trial to achieve this goal. Experts believe this conspiracy has already caused irreparable damage to the economy and that the perpetrators should be brought to justice for treason.

According to multiple sources, plans to shut down 10 banks had been in motion for a long time. As part of this scheme, some media outlets conducted targeted media trials against these banks. A handful of businesspeople have been accused of looting these banks, but their collaborators remain unknown. Despite the looting, funds were still available in the banks. The question arises: where did the remaining deposits go, and who took them? Experts insist on a thorough investigation to uncover these details.

They argue that a domestic group has been active for years in implementing foreign conspiracies to weaken Bangladesh's economy. The alleged looting of 10 banks and the subsequent negative campaigns against financial institutions are part of this larger scheme. Investigations must trace the initial capital of these banks, their profits over the years, and the beneficiaries who have withdrawn funds.

Analysts emphasize that since the licenses of operating banks are issued by Bangladesh Bank, the central bank must take full responsibility for these institutions. Thousands of small depositors have entrusted their savings to these banks, and without intervention from Bangladesh Bank, their fate remains uncertain. Protecting depositors’ interests is crucial.

Following the destruction of 10 banks, the conspirators now appear to be targeting 10 prominent business groups. This raises the question: who benefits from the destruction of investors, industrialists, and employers in the country?

Experts highlight that a competitive private sector balances supply and demand, as seen globally. However, an anti-national faction is opposing any positive initiatives in the private sector. Additionally, government intelligence agencies are now excessively focused on the assets of these 10 business groups, creating negative impacts on their operations.

Statements from a government agency regarding asset investigations have already adversely affected these businesses. The propaganda around these investigations has instilled fear among other entrepreneurs, leading many to withdraw from active business.

The media trials against financial institutions and industrialists are part of a broader conspiracy to undermine the country’s private sector. Prominent figures argue that those responsible for these trials should face charges of treason for their role in harming the economy.

According to the White Paper Committee of the interim government, more than BDT 2 trillion has been embezzled from the banking sector during the past 15.5 years of the Awami League government. This looting has pushed 10 private banks to the brink of bankruptcy. Allegedly, with support from former Finance Minister A.H.M. Mustafa Kamal, the Financial Institutions Division and Bangladesh Bank facilitated the withdrawal of funds by bank chairpersons, managing directors, and other senior officials.

Dr. Zahid Hossain, former Chief Economist of the World Bank’s Dhaka office, said that strict action against all financial criminals is necessary. The government has already taken several steps, including restructuring the Anti-Corruption Commission and forming a task force to address these issues.