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ACC chairman: Scandal in banking sector has decreased

  • Published at 03:10 pm January 8th, 2018
  • Last updated at 09:45 pm January 8th, 2018
ACC chairman: Scandal in banking sector has decreased
Anti-Corruption Commission (ACC) Chairman Iqbal Mahmood has said that scandal in the banking sector has decreased in comparison to previous years because of good governance. “Where there are rules, there will be disorder. Hence, we notice some indiscipline in this sector, but good governance is gradually getting stronger,” he told reporters at the graft watchdog’s headquarters in Dhaka yesterday. He said: “However, we need more time to prevent corruption. We had told the government that we can help stop corruption in large-scale projects, but did not receive the expected response. “However, we investigate the alleged scandals based on the investigation reports of Bangladesh Bank and the Ministry of Finance.” Iqbal said: “We also believe that the bank boards are working well now as this sector has seen a 16% growth.” Saying preventing corruption was a continuous process, he said the ACC was working with the Cabinet Division to come up with measures to stop corruption before it happens. However, the ACC in 2016 had sent a letter to the cabinet secretary pointing out various areas where there were scopes for corruption – including procurement, hiring, project acquisition and implementation – in different departments of the government. The ACC chairman said the letter had also included research data showing that the country’s GDP growth would increase by about 2% if there was no corruption. Regarding their work plan for 2018, he said: “This year is the second in the sixth Five-Year Plan. We will do our best to eradicate corruption and losses in 25 sectors, while paying extra attention to the education sector. “We will also do transparent and visible work, so that everyone knows that action against corruption is being taken.” Iqbal Mahmood also urged all future candidates in all the upcoming elections to properly submit their asset and income statements in time. “We have already informed the Election Commission about several Members of Parliament whose asset details are not correct,” he added.