From Stephanie McMillan’s blog in the USA:
I drew this cartoon over the weekend, before I read the article below which explains that not only the importer/retailers, but also their governments, reap huge amounts of wealth from the products made by exploited workers in Bangladesh and other countries, through tarrifs and taxes.
That appropriated wealth goes to whatever it is our governments spend money on: infrastructure, perks for politicians, tax refunds for rich corporations, subsidized agriculture, wars, etc.
This article explains how that happens, and why the workers rebelled recently in Dhaka.
It was sent to me by its author Anu Muhammad, journalist and editor of Megh Barta, an online progressive journal based in Dhaka; and Professor of Economics at Jahangeer Nagar University, Dhaka.
Why the Workers Became So Audacious?
Continue here.
See also here.
Update October 2007 here.
Update January 2008: here.
Students demonstrate in Bangladesh: here.
Chalcolithic archaeology of Bangladesh: here.
Dear Kitty. Some blog 
APPEAL FOR JUSTICE TO SAVE FROM OPPRESSIVE LAWS
Dear Sir
From 1972 after independent ,Bangladeshi Nationals started to Established Industries investing family resources ,adopting innovative technology as SELF EARNER & to create job for million of unemployed as well as to achieve economic freedom when everything were damaged and leftover .
Government also started helping these fast growing PRIVATE SECTOR INDUSTRIES having fund from International Grant or Loan Giving Agencies and distributed through different Bank. From 1980 period..
But unfortunately Owner of Industries becomes helpless victims of deep rooted conspiracy & Anti Propaganda .. The Bank Official refrain themselves from ascertaining production capacity of imported machineries and to provide required working capital loan in time extending non-cooperation, negligence or even were reluctant to receive back their loan money if any Industrial Owner decided to pay back the entire bank loan for non-banking activities .These have been done willingly to Jeopardize the Government Decision of Privatizations as well to occupy the mortgaged properties of the Owner of Industries of Bangladesh
Hundreds & Thousand of Industries in Bangladesh have been destroyed by Bank Officials & Policy Maker who are not aware of First Changing Technology of present time. even.
Over and above Capitalizing the Illiteracy, Ignorance and Extreme Poverty of majority of Bangladesh Citizen Every things have been forced upon the Owner of Industries of PRIVATE SECTOR in co-operation with their alliance , who are always interested to make Bangladesh a bottom less country.
Due to Such Conspiracy , Negligences , Fraudulent Activities including Non – Banking Activities of Bank Official & Policy Maker, Most of these Industries have became in-operative & have lost their Cash Capital, Expatriate Capabilities. And became helpless victims of oppressive laws
In 1992 &1996 the Sick Industries Rehabilitation Cell were formed by GOVERNMENT OF BANGLADESH & have Identified and Registered these Industries as SICK INDUSTRIES declaring not as defaulter but victims of Violation of Contract, Negligence, Fraudulent Activities, Malpractices of Bank Officials including Policy Maker.
LACK OF ACCOUNTABILITY in different Organization of Bangladesh are no more hidden matter till date .
THE OWNER OF THE INDUSTRIES OF BANGLADESH ARE LOOKING VERY HELPLESSLY FOR JUSTICE BUT THE DOOR OF JUSTICE ARE CLOSED FOR UNKNOWN REASONS.
The owner of Industries of Bangladesh are deprived of Legal Right due to enactment ARTHA RIN ACT ACT ( Money Landing Act ) on 1989 which were amended several time on 2003 and 2007. The Bankruptcy Act of 1997 treating the OWNERS OF INDUSTRIES as like as SLAVE of COLONIAL PERIOD When the Hands of the Producer and Technician of Muslin Fabrics ( which were only produced in UNDIVIDED BENGAL ) were cut down
But these laws are not applicable in Nationalized Sector where billions of US Dollars are invested, till today and are unaccounted
Total outstanding Defaulted Bank Loan are about 60 to 70 % lying with Government Sector / Nationalized Concern . And less then 10 % Bank loan are lying with Small & Medium Size Industries of Private Sector.
And Bank Official can explain well about the balance of the remaining out standing Loan.
LAW OF TORTS and LAW OF CONTRACT ARE MOST COMMON LAW IN ALL COUNTRY and even in our NEIGHBOURING COUNTRY Like INDIA , BUT NOT APPLICABLE IN BANGLADESH YET DUE TO WHICH BANGLADESH HAS BECOME A HEAVEN FOR REPRESSION / EXPLOITATION forcing the Process of increasing – Poverty line in Geometric Ration and also helping HUMAN TRAFFICKING in large scale.
OWNER OF INDUSTRIES OF PRIVATE SECTOR CAN NOT CLAIM ANY COMPENSATION OR SET OFF on the Suit filed by the Bank Official or Loan Giving Agencies under Artha Rin Act , 2003 FOR VIOLATION OF CONTRACT, NEGLEGIENCES, MALPRACTICES, including fraudulent activities of Bank officials instead of huge loss and damages although Bangladesh is known as DEMOCRATIC COUNTRY
The present condition OF SICK / DISTRESSED INDUSTRIES are deplorable due to lack of Accountability of Bank Official / Policy Maker & Indemnity offered to Bank Official / Loan Giving Agencies These have been done to hide out existing high profile Malpractices, Corruption and Fraudulent Activities & Negligence as per opinion of Expert Personals depriving the Owner of Industries from Justice
Also Common PEOPLE WHO ARE FACING ANOTHER TYPE OF REPRESSIVE LAW UNDER CERTIFICATE CASE for realization of Taxes , Agricultural Loan , including Weavers Loan etc.
OWNER OF INDUSTRIES can only file a separate suit for compensation in separate CIVIL COURT CREATING MORE complicacy for life long litigation WITH OF NO RESULT .
Due to restriction to obstruct or resist any order / decree of ARTHA RIN ACT / COURT by any other DECREE OR ORDER OF ARTHA RIN COURT or even of by HIGHER COURT. THE RIGHT OF EQUITY OF LAW HAVE COMPLETELY BEEN DENIED TO THE INDUSTRIAL ENTREPRENEUR OF PRIVATE SECTOR IN BANGLADESH .
But in India for recovery of defaulted Bank Loan there are separate law known as D R T ( DEBT RECOVERY ACT ) in which The Owner of the Industries or any Borrowers can claim set off or can claim compensation for the violation of contract , negligences , fraudulent activities including malice or malafide activities of Bank officials
And Sections 12, 12 ( khan ) 18 ( 2 ) & (3 ) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 are CONTRADICTORY TO ARTICLE NO : 8, 15, 26 and 27 of BANGLADESH CONSTITUTION and Government Industrial Policy adopted time to time..
Now there are no other alternative way but to draw the kind attention of Concerned Authority Including International Community / Organizations seeking help for JUSTICE and Support to save & protect the OWNER OF SICK OR DISTRESSED INDUSTRIES OF Bangladesh under Private Sector, including their properties from such deep rooted conspiracy and oppressive laws as well to protect the interest of large number of workers, staffs of the Private Sector and also for CHANGE of such oppressive laws to restore Accountability of Bank Official / Loan Giving Agencies including Policy Maker to ensure greater Interest of The Nations
( A ) – Humble appeal before the Government of Bangladesh to kindly allow Industrial Entrepreneur to claim Set Off or Compensation on suit filed by the Bank or loan Giving Agencies. or allow to Run Compensation Suit Simultaneously with suits file by Bank Officials under ARTHA RIN ACT with equal opportunity and equal right so as to restore total accountability ,which will be similar to DRT ( Debt Recovery Tribunal of INDIA )
(B)- Considering the Heavy loss and Damages of Government Registered and Identified SICK INDUSTRIES of 1992 & 1996 of Private Sector due to Negligence , Violation of Contract & Non-Banking Activities etc. of Bank Officials and Policy Maker may kindly be allowed 100 % Weaver of all type of Bank loan liabilities to minimize their heavy loss and damages to certain extent under LIMITATION ACT
( C )- The system of keeping mortgage of Land & Properties from the Owner of Industries by Bank or any Loan Giving Agencies as Securities are mostly responsible for Malpractices and ever growing Corruption, & Fraudulent Activities in Banking Sector, which are now proven matter and may kindly be completely abolished as a part of reform programs at earliest possible time to ESTABLISH ACCOUNTABILITY and Check Malpractices, Fraudulent Activities which are now growing by large in Banking Sector or in other Loan Giving Agencies upto root Levels
( D ) – All suits of Artha Rin Court may kindly be transferred to Civil Commercial Court abolishing SECTIONS 12, 12 ( khan ) 18 ( 2 ) & (3 ) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 for the end of Justice .
( E ) And Section 28 ( Ka ) of BANKING COMPANY of 2001 which explain WRITTEN OFF does not mean Weaver were included to SERVE THE PURPOSE OF VESTED GROUPS & Their AGENTS and also to misguide the International Community & Bangladesh National
( F ) And also take immediate steps to reform or abolished the system of CERTIFICATE CASE Which are nothing but abuse of Law for realizing Government Taxes , Agricultural Loan etc and is one of the worst system of CLONIAL RULE
It would be an extreme favors if your good self kindly collect the PRINTED COPIES OF THE ABOVE MENTION LAWS for confirmation of mentioned facts .& to help the Suffering Groups by circulating this appeal among Honorable Member of your Organization and Partners Organizations & to Publish in WEBSITES or News Bulletin or News Media, Electronic Media of your territory to bring to the knowledge of Concern Authority including International COMMUNITY OR ORGANIZATIONS working for HUMAN RIGHT & FUNDAMENTAL / Democratic Right of People to prevent legal abuse for immediate help and support to protect the Owner of the Sick Industries / Distressed Industries of Bangladesh and their properties from such OPPRESSIVE LAWS for which they all would be ever grateful as well for change of all types of oppressive laws restoring accountability at all organization of Bangladesh. ********* N.B. the Summery of above mentioned Section of Arthatha Rin Act at a Galance:
(A)- In section 18 ( 2 ) & ( 3 ) Defendant or Owner of Industries will not be able to claim any set off or to make counter claim against the Bank or Bank Official nor will be allowed to claim any Compensation by submitting any Suit against Bank ( Plaintiff ) analogously or simultaneously in Artha Rin Court due to violation of contract, fraudulence activities including negligence, malpractices of Bank officials.
(B)- Section 21: Settlement Conference between Borrower and Bank is a misnomer of Law of Arbitration or just to divert the attention of common people in the name arbitration or to make everybody fool .
(C) -As Per Section 19 (6) of Artha Rin Act of 2003 no suits can be declared to be dismissed or discharged for default or above mentioned fault of Bank Official. As per Section 20 regarding any order or proceedings of Artha Rin Act can not be raised to Higher Court or to any Other Superior Authority without paying 50 % of claimed or Decretal Amount if the order is totally misleading or against any law or illegal one even .
(D) – As per Section 34 Defendant or the Owner of Industries in Artha Rin Adalat Case can be put to the Jail for compelling or forcing him to pay the Bank Money without considering the fault or negligences of Bank Official without allowing him to proof the matter of violation of contract, fraudulence activities , negligence, malpractices of Bank officials. V- As per section 41 and 42 -The Owner of Industries are not allowed to file any appeal or revision to High Court or Superior Court against any order of Artha Rin Court without paying 50 % of the claimed amount or Decretal amount in advance , But the Bank Official are not require to pay any amount in advance in the Higher Court, allowing A Great Disparity of Law and Justice.
(E) – Under section 47 and 50 , The learned Court under Artha Rin Act of 2003 have been bared to make any exemption of principal loan amount for Violation of Contract , Negligences Malpractices, including fraudulent activities or any fault of the bank official uni laterally(F)- Section 12 ( Kha ) Imposed a bar for filling write petition to Higher Court which are direct violation of human right and constitutional right of the citizen and reflects the negative attitude of Policy Maker and the Law Maker .
Suffering Groups of Owner of Industries of Bangladesh
LikeLike
APPEAL FOR JUSTICE TO SAVE FROM OPPRESSIVE LAWS
Dear Sir
From 1972 after independent ,Bangladeshi Nationals started to Established Industries investing family resources ,adopting innovative technology as SELF EARNER & to create job for million of unemployed as well as to achieve economic freedom when everything were damaged and leftover .
Government also started helping these fast growing PRIVATE SECTOR INDUSTRIES having fund from International Grant or Loan Giving Agencies and distributed through different Bank. From 1980 period..
But unfortunately Owner of Industries becomes helpless victims of deep rooted conspiracy & Anti Propaganda .. The Bank Official refrain themselves from ascertaining production capacity of imported machineries and to provide required working capital loan in time extending non-cooperation, negligence or even were reluctant to receive back their loan money if any Industrial Owner decided to pay back the entire bank loan for non-banking activities .These have been done willingly to Jeopardize the Government Decision of Privatizations as well to occupy the mortgaged properties of the Owner of Industries of Bangladesh
Hundreds & Thousand of Industries in Bangladesh have been destroyed by Bank Officials & Policy Maker who are not aware of First Changing Technology of present time. even.
Over and above Capitalizing the Illiteracy, Ignorance and Extreme Poverty of majority of Bangladesh Citizen Every things have been forced upon the Owner of Industries of PRIVATE SECTOR in co-operation with their alliance , who are always interested to make Bangladesh a bottom less country.
Due to Such Conspiracy , Negligences , Fraudulent Activities including Non – Banking Activities of Bank Official & Policy Maker, Most of these Industries have became in-operative & have lost their Cash Capital, Expatriate Capabilities. And became helpless victims of oppressive laws
In 1992 &1996 the Sick Industries Rehabilitation Cell were formed by GOVERNMENT OF BANGLADESH & have Identified and Registered these Industries as SICK INDUSTRIES declaring not as defaulter but victims of Violation of Contract, Negligence, Fraudulent Activities, Malpractices of Bank Officials including Policy Maker.
LACK OF ACCOUNTABILITY in different Organization of Bangladesh are no more hidden matter till date .
THE OWNER OF THE INDUSTRIES OF BANGLADESH ARE LOOKING VERY HELPLESSLY FOR JUSTICE BUT THE DOOR OF JUSTICE ARE CLOSED FOR UNKNOWN REASONS.
The owner of Industries of Bangladesh are deprived of Legal Right due to enactment ARTHA RIN ACT ACT ( Money Landing Act ) on 1989 which were amended several time on 2003 and 2007. The Bankruptcy Act of 1997 treating the OWNERS OF INDUSTRIES as like as SLAVE of COLONIAL PERIOD When the Hands of the Producer and Technician of Muslin Fabrics ( which were only produced in UNDIVIDED BENGAL ) were cut down
But these laws are not applicable in Nationalized Sector where billions of US Dollars are invested, till today and are unaccounted
Total outstanding Defaulted Bank Loan are about 60 to 70 % lying with Government Sector / Nationalized Concern . And less then 10 % Bank loan are lying with Small & Medium Size Industries of Private Sector.
And Bank Official can explain well about the balance of the remaining out standing Loan.
LAW OF TORTS and LAW OF CONTRACT ARE MOST COMMON LAW IN ALL COUNTRY and even in our NEIGHBOURING COUNTRY Like INDIA , BUT NOT APPLICABLE IN BANGLADESH YET DUE TO WHICH BANGLADESH HAS BECOME A HEAVEN FOR REPRESSION / EXPLOITATION forcing the Process of increasing – Poverty line in Geometric Ration and also helping HUMAN TRAFFICKING in large scale.
OWNER OF INDUSTRIES OF PRIVATE SECTOR CAN NOT CLAIM ANY COMPENSATION OR SET OFF on the Suit filed by the Bank Official or Loan Giving Agencies under Artha Rin Act , 2003 FOR VIOLATION OF CONTRACT, NEGLEGIENCES, MALPRACTICES, including fraudulent activities of Bank officials instead of huge loss and damages although Bangladesh is known as DEMOCRATIC COUNTRY
The present condition OF SICK / DISTRESSED INDUSTRIES are deplorable due to lack of Accountability of Bank Official / Policy Maker & Indemnity offered to Bank Official / Loan Giving Agencies These have been done to hide out existing high profile Malpractices, Corruption and Fraudulent Activities & Negligence as per opinion of Expert Personals depriving the Owner of Industries from Justice
Also Common PEOPLE WHO ARE FACING ANOTHER TYPE OF REPRESSIVE LAW UNDER CERTIFICATE CASE for realization of Taxes , Agricultural Loan , including Weavers Loan etc.
OWNER OF INDUSTRIES can only file a separate suit for compensation in separate CIVIL COURT CREATING MORE complicacy for life long litigation WITH OF NO RESULT .
Due to restriction to obstruct or resist any order / decree of ARTHA RIN ACT / COURT by any other DECREE OR ORDER OF ARTHA RIN COURT or even of by HIGHER COURT. THE RIGHT OF EQUITY OF LAW HAVE COMPLETELY BEEN DENIED TO THE INDUSTRIAL ENTREPRENEUR OF PRIVATE SECTOR IN BANGLADESH .
But in India for recovery of defaulted Bank Loan there are separate law known as D R T ( DEBT RECOVERY ACT ) in which The Owner of the Industries or any Borrowers can claim set off or can claim compensation for the violation of contract , negligences , fraudulent activities including malice or malafide activities of Bank officials
And Sections 12, 12 ( khan ) 18 ( 2 ) & (3 ) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 are CONTRADICTORY TO ARTICLE NO : 8, 15, 26 and 27 of BANGLADESH CONSTITUTION and Government Industrial Policy adopted time to time..
Now there are no other alternative way but to draw the kind attention of Concerned Authority Including International Community / Organizations seeking help for JUSTICE and Support to save & protect the OWNER OF SICK OR DISTRESSED INDUSTRIES OF Bangladesh under Private Sector, including their properties from such deep rooted conspiracy and oppressive laws as well to protect the interest of large number of workers, staffs of the Private Sector and also for CHANGE of such oppressive laws to restore Accountability of Bank Official / Loan Giving Agencies including Policy Maker to ensure greater Interest of The Nations
( A ) – Humble appeal before the Government of Bangladesh to kindly allow Industrial Entrepreneur to claim Set Off or Compensation on suit filed by the Bank or loan Giving Agencies. or allow to Run Compensation Suit Simultaneously with suits file by Bank Officials under ARTHA RIN ACT with equal opportunity and equal right so as to restore total accountability ,which will be similar to DRT ( Debt Recovery Tribunal of INDIA )
(B)- Considering the Heavy loss and Damages of Government Registered and Identified SICK INDUSTRIES of 1992 & 1996 of Private Sector due to Negligence , Violation of Contract & Non-Banking Activities etc. of Bank Officials and Policy Maker may kindly be allowed 100 % Weaver of all type of Bank loan liabilities to minimize their heavy loss and damages to certain extent under LIMITATION ACT
( C )- The system of keeping mortgage of Land & Properties from the Owner of Industries by Bank or any Loan Giving Agencies as Securities are mostly responsible for Malpractices and ever growing Corruption, & Fraudulent Activities in Banking Sector, which are now proven matter and may kindly be completely abolished as a part of reform programs at earliest possible time to ESTABLISH ACCOUNTABILITY and Check Malpractices, Fraudulent Activities which are now growing by large in Banking Sector or in other Loan Giving Agencies upto root Levels
( D ) – All suits of Artha Rin Court may kindly be transferred to Civil Commercial Court abolishing SECTIONS 12, 12 ( khan ) 18 ( 2 ) & (3 ) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 for the end of Justice .
( E ) And Section 28 ( Ka ) of BANKING COMPANY of 2001 which explain WRITTEN OFF does not mean Weaver were included to SERVE THE PURPOSE OF VESTED GROUPS & Their AGENTS and also to misguide the International Community & Bangladesh National
( F ) And also take immediate steps to reform or abolished the system of CERTIFICATE CASE Which are nothing but abuse of Law for realizing Government Taxes , Agricultural Loan etc and is one of the worst system of CLONIAL RULE
It would be an extreme favors if your good self kindly collect the PRINTED COPIES OF THE ABOVE MENTION LAWS for confirmation of mentioned facts .& to help the Suffering Groups by circulating this appeal among Honorable Member of your Organization and Partners Organizations & to Publish in WEBSITES or News Bulletin or News Media, Electronic Media of your territory to bring to the knowledge of Concern Authority including International COMMUNITY OR ORGANIZATIONS working for HUMAN RIGHT & FUNDAMENTAL / Democratic Right of People to prevent legal abuse for immediate help and support to protect the Owner of the Sick Industries / Distressed Industries of Bangladesh and their properties from such OPPRESSIVE LAWS for which they all would be ever grateful as well for change of all types of oppressive laws restoring accountability at all organization of Bangladesh. ********* N.B. the Summery of above mentioned Section of Arthatha Rin Act at a Galance:
(A)- In section 18 ( 2 ) & ( 3 ) Defendant or Owner of Industries will not be able to claim any set off or to make counter claim against the Bank or Bank Official nor will be allowed to claim any Compensation by submitting any Suit against Bank ( Plaintiff ) analogously or simultaneously in Artha Rin Court due to violation of contract, fraudulence activities including negligence, malpractices of Bank officials.
(B)- Section 21: Settlement Conference between Borrower and Bank is a misnomer of Law of Arbitration or just to divert the attention of common people in the name arbitration or to make everybody fool .
(C) -As Per Section 19 (6) of Artha Rin Act of 2003 no suits can be declared to be dismissed or discharged for default or above mentioned fault of Bank Official. As per Section 20 regarding any order or proceedings of Artha Rin Act can not be raised to Higher Court or to any Other Superior Authority without paying 50 % of claimed or Decretal Amount if the order is totally misleading or against any law or illegal one even .
(D) – As per Section 34 Defendant or the Owner of Industries in Artha Rin Adalat Case can be put to the Jail for compelling or forcing him to pay the Bank Money without considering the fault or negligences of Bank Official without allowing him to proof the matter of violation of contract, fraudulence activities , negligence, malpractices of Bank officials. V- As per section 41 and 42 -The Owner of Industries are not allowed to file any appeal or revision to High Court or Superior Court against any order of Artha Rin Court without paying 50 % of the claimed amount or Decretal amount in advance , But the Bank Official are not require to pay any amount in advance in the Higher Court, allowing A Great Disparity of Law and Justice.
(E) – Under section 47 and 50 , The learned Court under Artha Rin Act of 2003 have been bared to make any exemption of principal loan amount for Violation of Contract , Negligences Malpractices, including fraudulent activities or any fault of the bank official uni laterally(F)- Section 12 ( Kha ) Imposed a bar for filling write petition to Higher Court which are direct violation of human right and constitutional right of the citizen and reflects the negative attitude of Policy Maker and the Law Maker .
Suffering Groups of Owner of Industries of Bangladesh
LikeLike
APPEAL FOR JUSTICE TO SAVE FROM OPPRESSIVE LAWS
Dear Sir
From 1972 after independent ,Bangladeshi Nationals started to Established Industries investing family resources ,adopting innovative technology as SELF EARNER & to create job for million of unemployed as well as to achieve economic freedom when everything were damaged and leftover .
Government also started helping these fast growing PRIVATE SECTOR INDUSTRIES having fund from International Grant or Loan Giving Agencies and distributed through different Bank. From 1980 period..
But unfortunately Owner of Industries becomes helpless victims of deep rooted conspiracy & Anti Propaganda .. The Bank Official refrain themselves from ascertaining production capacity of imported machineries and to provide required working capital loan in time extending non-cooperation, negligence or even were reluctant to receive back their loan money if any Industrial Owner decided to pay back the entire bank loan for non-banking activities .These have been done willingly to Jeopardize the Government Decision of Privatizations as well to occupy the mortgaged properties of the Owner of Industries of Bangladesh
Hundreds & Thousand of Industries in Bangladesh have been destroyed by Bank Officials & Policy Maker who are not aware of First Changing Technology of present time. even.
Over and above Capitalizing the Illiteracy, Ignorance and Extreme Poverty of majority of Bangladesh Citizen Every things have been forced upon the Owner of Industries of PRIVATE SECTOR in co-operation with their alliance , who are always interested to make Bangladesh a bottom less country.
Due to Such Conspiracy , Negligences , Fraudulent Activities including Non – Banking Activities of Bank Official & Policy Maker, Most of these Industries have became in-operative & have lost their Cash Capital, Expatriate Capabilities. And became helpless victims of oppressive laws
In 1992 &1996 the Sick Industries Rehabilitation Cell were formed by GOVERNMENT OF BANGLADESH & have Identified and Registered these Industries as SICK INDUSTRIES declaring not as defaulter but victims of Violation of Contract, Negligence, Fraudulent Activities, Malpractices of Bank Officials including Policy Maker.
LACK OF ACCOUNTABILITY in different Organization of Bangladesh are no more hidden matter till date .
THE OWNER OF THE INDUSTRIES OF BANGLADESH ARE LOOKING VERY HELPLESSLY FOR JUSTICE BUT THE DOOR OF JUSTICE ARE CLOSED FOR UNKNOWN REASONS.
The owner of Industries of Bangladesh are deprived of Legal Right due to enactment ARTHA RIN ACT ACT ( Money Landing Act ) on 1989 which were amended several time on 2003 and 2007. The Bankruptcy Act of 1997 treating the OWNERS OF INDUSTRIES as like as SLAVE of COLONIAL PERIOD When the Hands of the Producer and Technician of Muslin Fabrics ( which were only produced in UNDIVIDED BENGAL ) were cut down
But these laws are not applicable in Nationalized Sector where billions of US Dollars are invested, till today and are unaccounted
Total outstanding Defaulted Bank Loan are about 60 to 70 % lying with Government Sector / Nationalized Concern . And less then 10 % Bank loan are lying with Small & Medium Size Industries of Private Sector.
And Bank Official can explain well about the balance of the remaining out standing Loan.
LAW OF TORTS and LAW OF CONTRACT ARE MOST COMMON LAW IN ALL COUNTRY and even in our NEIGHBOURING COUNTRY Like INDIA , BUT NOT APPLICABLE IN BANGLADESH YET DUE TO WHICH BANGLADESH HAS BECOME A HEAVEN FOR REPRESSION / EXPLOITATION forcing the Process of increasing – Poverty line in Geometric Ration and also helping HUMAN TRAFFICKING in large scale.
OWNER OF INDUSTRIES OF PRIVATE SECTOR CAN NOT CLAIM ANY COMPENSATION OR SET OFF on the Suit filed by the Bank Official or Loan Giving Agencies under Artha Rin Act , 2003 FOR VIOLATION OF CONTRACT, NEGLEGIENCES, MALPRACTICES, including fraudulent activities of Bank officials instead of huge loss and damages although Bangladesh is known as DEMOCRATIC COUNTRY
The present condition OF SICK / DISTRESSED INDUSTRIES are deplorable due to lack of Accountability of Bank Official / Policy Maker & Indemnity offered to Bank Official / Loan Giving Agencies These have been done to hide out existing high profile Malpractices, Corruption and Fraudulent Activities & Negligence as per opinion of Expert Personals depriving the Owner of Industries from Justice
Also Common PEOPLE WHO ARE FACING ANOTHER TYPE OF REPRESSIVE LAW UNDER CERTIFICATE CASE for realization of Taxes , Agricultural Loan , including Weavers Loan etc.
OWNER OF INDUSTRIES can only file a separate suit for compensation in separate CIVIL COURT CREATING MORE complicacy for life long litigation WITH OF NO RESULT .
Due to restriction to obstruct or resist any order / decree of ARTHA RIN ACT / COURT by any other DECREE OR ORDER OF ARTHA RIN COURT or even of by HIGHER COURT. THE RIGHT OF EQUITY OF LAW HAVE COMPLETELY BEEN DENIED TO THE INDUSTRIAL ENTREPRENEUR OF PRIVATE SECTOR IN BANGLADESH .
But in India for recovery of defaulted Bank Loan there are separate law known as D R T ( DEBT RECOVERY ACT ) in which The Owner of the Industries or any Borrowers can claim set off or can claim compensation for the violation of contract , negligences , fraudulent activities including malice or malafide activities of Bank officials
And Sections 12, 12 ( khan ) 18 ( 2 ) & (3 ) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 are CONTRADICTORY TO ARTICLE NO : 8, 15, 26 and 27 of BANGLADESH CONSTITUTION and Government Industrial Policy adopted time to time..
Now there are no other alternative way but to draw the kind attention of Concerned Authority Including International Community / Organizations seeking help for JUSTICE and Support to save & protect the OWNER OF SICK OR DISTRESSED INDUSTRIES OF Bangladesh under Private Sector, including their properties from such deep rooted conspiracy and oppressive laws as well to protect the interest of large number of workers, staffs of the Private Sector and also for CHANGE of such oppressive laws to restore Accountability of Bank Official / Loan Giving Agencies including Policy Maker to ensure greater Interest of The Nations
( A ) – Humble appeal before the Government of Bangladesh to kindly allow Industrial Entrepreneur to claim Set Off or Compensation on suit filed by the Bank or loan Giving Agencies. or allow to Run Compensation Suit Simultaneously with suits file by Bank Officials under ARTHA RIN ACT with equal opportunity and equal right so as to restore total accountability ,which will be similar to DRT ( Debt Recovery Tribunal of INDIA )
(B)- Considering the Heavy loss and Damages of Government Registered and Identified SICK INDUSTRIES of 1992 & 1996 of Private Sector due to Negligence , Violation of Contract & Non-Banking Activities etc. of Bank Officials and Policy Maker may kindly be allowed 100 % Weaver of all type of Bank loan liabilities to minimize their heavy loss and damages to certain extent under LIMITATION ACT
( C )- The system of keeping mortgage of Land & Properties from the Owner of Industries by Bank or any Loan Giving Agencies as Securities are mostly responsible for Malpractices and ever growing Corruption, & Fraudulent Activities in Banking Sector, which are now proven matter and may kindly be completely abolished as a part of reform programs at earliest possible time to ESTABLISH ACCOUNTABILITY and Check Malpractices, Fraudulent Activities which are now growing by large in Banking Sector or in other Loan Giving Agencies upto root Levels
( D ) – All suits of Artha Rin Court may kindly be transferred to Civil Commercial Court abolishing SECTIONS 12, 12 ( khan ) 18 ( 2 ) & (3 ) 19, 20, 21, 34,40, 41, 42, 44, 47 and 50 of ARTHA RIN ACT -2003 for the end of Justice .
( E ) And Section 28 ( Ka ) of BANKING COMPANY of 2001 which explain WRITTEN OFF does not mean Weaver were included to SERVE THE PURPOSE OF VESTED GROUPS & Their AGENTS and also to misguide the International Community & Bangladesh National
( F ) And also take immediate steps to reform or abolished the system of CERTIFICATE CASE Which are nothing but abuse of Law for realizing Government Taxes , Agricultural Loan etc and is one of the worst system of CLONIAL RULE
It would be an extreme favors if your good self kindly collect the PRINTED COPIES OF THE ABOVE MENTION LAWS for confirmation of mentioned facts .& to help the Suffering Groups by circulating this appeal among Honorable Member of your Organization and Partners Organizations & to Publish in WEBSITES or News Bulletin or News Media, Electronic Media of your territory to bring to the knowledge of Concern Authority including International COMMUNITY OR ORGANIZATIONS working for HUMAN RIGHT & FUNDAMENTAL / Democratic Right of People to prevent legal abuse for immediate help and support to protect the Owner of the Sick Industries / Distressed Industries of Bangladesh and their properties from such OPPRESSIVE LAWS for which they all would be ever grateful as well for change of all types of oppressive laws restoring accountability at all organization of Bangladesh. ********* N.B. the Summery of above mentioned Section of Arthatha Rin Act at a Galance:
(A)- In section 18 ( 2 ) & ( 3 ) Defendant or Owner of Industries will not be able to claim any set off or to make counter claim against the Bank or Bank Official nor will be allowed to claim any Compensation by submitting any Suit against Bank ( Plaintiff ) analogously or simultaneously in Artha Rin Court due to violation of contract, fraudulence activities including negligence, malpractices of Bank officials.
(B)- Section 21: Settlement Conference between Borrower and Bank is a misnomer of Law of Arbitration or just to divert the attention of common people in the name arbitration or to make everybody fool .
(C) -As Per Section 19 (6) of Artha Rin Act of 2003 no suits can be declared to be dismissed or discharged for default or above mentioned fault of Bank Official. As per Section 20 regarding any order or proceedings of Artha Rin Act can not be raised to Higher Court or to any Other Superior Authority without paying 50 % of claimed or Decretal Amount if the order is totally misleading or against any law or illegal one even .
(D) – As per Section 34 Defendant or the Owner of Industries in Artha Rin Adalat Case can be put to the Jail for compelling or forcing him to pay the Bank Money without considering the fault or negligences of Bank Official without allowing him to proof the matter of violation of contract, fraudulence activities , negligence, malpractices of Bank officials. V- As per section 41 and 42 -The Owner of Industries are not allowed to file any appeal or revision to High Court or Superior Court against any order of Artha Rin Court without paying 50 % of the claimed amount or Decretal amount in advance , But the Bank Official are not require to pay any amount in advance in the Higher Court, allowing A Great Disparity of Law and Justice.
(E) – Under section 47 and 50 , The learned Court under Artha Rin Act of 2003 have been bared to make any exemption of principal loan amount for Violation of Contract , Negligences Malpractices, including fraudulent activities or any fault of the bank official uni laterally(F)- Section 12 ( Kha ) Imposed a bar for filling write petition to Higher Court which are direct violation of human right and constitutional right of the citizen and reflects the negative attitude of Policy Maker and the Law Maker .
Suffering Groups of Owner of Industries of Bangladesh
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More then 10.00 Lac Suit / Litigation pending in Court.
Most of which are due to force occupation of land of innocent land owner ignoring documents and title right by Local People and some Government or Semi Government Organization like Roads an High Way Dept . Railway Department , City Corporation or Municipality.
Such are happened in whole country and largely in DHAKA CITY
Officials of Land Survey , Settlement Office and their Subordinate Office are also responsible for such activities .as they issue records & parcha to land occupier ignoring title right and depriving actual owner.
These shall continue until TORT LAW are in-acted like as of USA , EUROPEAN COUNTRIES, INDIA & NEPAL .
TORT LAW shall also Prevent poor people to becoming more poor.
Correction of records & parcha through Court is life long litigation & an expensive system and by this time face of land changes.
MINISTRY OF LAND , MINISTRY OF LAW; MINISTRY OF HOME & MINISTRY OF LOCAL GOVERNMENT with the kind permission of Honorable Prime Minister shall take action at earliest possible time to abolish LAW OF POSSESSION RIGHT without any valid document or title right.
And shall allow the application TORT LAW in Bangladesh without any delay to established the process of accountability
And Government can also know the whole pictures of the country if some Non Government Organization like Micro Credit Operator or other NGO are allowed to conduct survey from Union level to the Dhaka City with arrangement of spot correction or reification of the anomalies done by Survey or Settlement Officials till date .
No extra fund will require for the Government ,but will create opening to know the anomalies or malpractice of the above Department.
It will be highly appreciated if you kindly circulate the above in possible way for creating awareness among the people and international community as well as Patriot Political Worker. Leader or Intellectual Group, & Policy Maker of the Country .
The Peoples
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More then 10.00 Lac Suit / Litigation pending in Court.
Most of which are due to force occupation of land of innocent land owner ignoring documents and title right by Local People and some Government or Semi Government Organization like Roads an High Way Dept . Railway Department , City Corporation or Municipality.
Such are happened in whole country and largely in DHAKA CITY
Officials of Land Survey , Settlement Office and their Subordinate Office are also responsible for such activities .as they issue records & parcha to land occupier ignoring title right and depriving actual owner.
These shall continue until TORT LAW are in-acted like as of USA , EUROPEAN COUNTRIES, INDIA & NEPAL .
TORT LAW shall also Prevent poor people to becoming more poor.
Correction of records & parcha through Court is life long litigation & an expensive system and by this time face of land changes.
MINISTRY OF LAND , MINISTRY OF LAW; MINISTRY OF HOME & MINISTRY OF LOCAL GOVERNMENT with the kind permission of Honorable Prime Minister shall take action at earliest possible time to abolish LAW OF POSSESSION RIGHT without any valid document or title right.
And shall allow the application TORT LAW in Bangladesh without any delay to established the process of accountability
And Government can also know the whole pictures of the country if some Non Government Organization like Micro Credit Operator or other NGO are allowed to conduct survey from Union level to the Dhaka City with arrangement of spot correction or reification of the anomalies done by Survey or Settlement Officials till date .
No extra fund will require for the Government ,but will create opening to know the anomalies or malpractice of the above Department.
It will be highly appreciated if you kindly circulate the above in possible way for creating awareness among the people and international community as well as Patriot Political Worker. Leader or Intellectual Group, & Policy Maker of the Country .
The Peoples
LikeLike
More then 10.00 Lac Suit / Litigation pending in Court.
Most of which are due to force occupation of land of innocent land owner ignoring documents and title right by Local People and some Government or Semi Government Organization like Roads an High Way Dept . Railway Department , City Corporation or Municipality.
Such are happened in whole country and largely in DHAKA CITY
Officials of Land Survey , Settlement Office and their Subordinate Office are also responsible for such activities .as they issue records & parcha to land occupier ignoring title right and depriving actual owner.
These shall continue until TORT LAW are in-acted like as of USA , EUROPEAN COUNTRIES, INDIA & NEPAL .
TORT LAW shall also Prevent poor people to becoming more poor.
Correction of records & parcha through Court is life long litigation & an expensive system and by this time face of land changes.
MINISTRY OF LAND , MINISTRY OF LAW; MINISTRY OF HOME & MINISTRY OF LOCAL GOVERNMENT with the kind permission of Honorable Prime Minister shall take action at earliest possible time to abolish LAW OF POSSESSION RIGHT without any valid document or title right.
And shall allow the application TORT LAW in Bangladesh without any delay to established the process of accountability
And Government can also know the whole pictures of the country if some Non Government Organization like Micro Credit Operator or other NGO are allowed to conduct survey from Union level to the Dhaka City with arrangement of spot correction or reification of the anomalies done by Survey or Settlement Officials till date .
No extra fund will require for the Government ,but will create opening to know the anomalies or malpractice of the above Department.
It will be highly appreciated if you kindly circulate the above in possible way for creating awareness among the people and international community as well as Patriot Political Worker. Leader or Intellectual Group, & Policy Maker of the Country .
The Peoples
LikeLike
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