| What's
Inside |
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| EC asks govt |
| continued from Page 1 |
frame as it was failing to
hold the elections within the stipulated time, the sources said. According to the existing
laws, elections to the four city corporations are to be completed by January 27 next year.
The upazila elections were due to be completed by December 27 this
year. The EC can extend the time without calling for amendment to the law unlike the city
corporations elections.
A source in the Election Commission said the month-long Ramzan starting
on December 11 is the reason for delaying the elections. The Election Commission's move to
delay the elections and bring amendment to laws came following the government request to
hold the elections in December.
In fact, the EC had declared election schedules for three city
corporations acting on the government request earlier. But it had to postpone the schedule
following writ petitions filed by some aggrieved parties.
Under the existing law, election to the Khulna City Corporation was to
be held by December 28, to Rajshahi City Corporation by December 30 and to Chittagong City
Corporation by January 4.
The elections to Dhaka City Corporation was to be held by January 27,
2000.
But as the holding of these elections require 40 to 45 days time for
preparations, the available time in hand was not enough to complete the formalities.
Accordingly the EC has asked the government to amend the laws, the
sources said. |
Source : Independent |
| †bv‡ej cyi¯‹vi weRqx |
| continued from Page 1 |
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Rvwb‡q‡Qb| |
Source : Janakantha |
| Action
against 7 |
| continued from Page 1 |
The show-cause
notices were issued on Prime Bank Limited and Southeast Bank Limited on November 16.
Bangladesh Bank directed the two banks to take legal action against the bankers who were
involved in money laundering. The central bank also asked both the banks to reply the
show-cause notices by November 21.
Sources said that Prime Bank replied the show-cause notice within the
time limit. But the reply did not have satisfactory answers to the queries of Bangladesh
Bank. Southeast Bank sought extension of time limit by one month to reply the show-cause
notice. The central bank so far did not consider the appeal of the Southeast Bank.
According to the sources, Bangladesh Bank issued the show-cause notices
to the Managing Directors of the two private banks after investigating allegations of
money laundering by the high officials of two branches of both Prime Bank and Southeast
Bank at Laldighirpar in Sylhet town.
The sources said that the high officials of the two banks in
association with some unscrupulous people transacted Taka 310 crore through 'hundy'. Of
the amount, Taka 159 crore was transacted through Prime Bank and Taka 151 crore through
Southeast Bank. Managing Directors of the two banks were not available for their comments.
Bangladesh Bank is likely to issue similar show-cause notices to other banks, involved in
money laundering, the sources said.
A recent special inquiry of Bangladesh Bank detected a |
|
big amount of
money laundering by a group of bankers of seven local and foreign banks.
Besides Prime Bank Southeast Bank, the local banks included Uttara
Bank, National Bank and United Commercial Bank Limited (UCBL).
The foreign banks are American Express Bank and ANZ Grindlays Bank.
Bangladesh Bank found that a group of bankers of 14 branches of the
seven banks in association with an organised 'hundy traders' transacted about Taka 1100
crore through "hundy" during the period from mid-1998 to September this year. |
Source : Observer |
| Bangladesh
ranked |
| continued from Page 1 |
According to the
International Monitoring (IM), a technology consulting group based in Britain, Bangladesh
along with eleven countries mostly from Africa are the worst prepared to cope with the Y2K
bug ahead of the clocking the deadline of December 31.
The firm, a reputed one in Britain, based its ratings on the risk of
disruptions in a given country's power, telecom, finance and transportation
infrastructures.
IM predicts ten per cent of the Y2K failures will occur on January
12000 with most of the rest occurring in the days and weeks that follow.
The eleven other nations that are ranked as the worst prepared by the
firm are: Liberia, Madagascar, Niger, Somalia, Belize, El Salvador, Moldova, Tajikistan,
Egypt, Oman and Qatar.
Despite the insistence by the government functionaries that the country
has nothing to worry about the impending danger, the ranking by the British firm came as
caution to the government and a cause of concern for the officials handling the matter.
Last Monday computer experts of the country sent a similar message of
warning to the government and private sectors prone to the risk.
At a seminar in the city, the Y2K Coordinator of the Bangladesh
Computer Samity (BCS) Sirajul Islam said that energy sector of the country has achieved 97
per cent of compliance, banking sector 95 per cent, telecommunications 90 per cent and the
compliance status of the country's two sea ports has yet to be known. The evaluation of
the progress was made according to the data available at the Bangladesh Computer Council. |
|
The BCS, however,
expressed its optimism that no major shutdown would occur excluding some local disorders. |
Source : Observer |
| 32-hour
hartal |
| continued from Page 1 |
"Though a fresh
programme after summit has not yet been finalised, there is the possibility of a two-day
strike from December 5," a top leader of the liaison committee of the BNP-led
alliance told UNB last night.
He said there is no chance of any joint press conference by Begum
Khaleda Zia, HM Ershad, Prof Ghulam Azam and Shaikhul Hadit Azizul Huq, but there would be
a press briefing on the outcome of the summit meeting. |
Source : Independent |
| AvR Pvi `‡ji |
| continued from Page 1 |
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K‡ib| |
Source : Ittefaq |
|
