ICCB vice-president tells workshop
The recent scams at the banks are nothing but straight cheating by some so called companies in connivance with a group of bank officials and influential group. The Bangladesh Bank is taking measures to prevent the scams, but incidents are growing faster than actions, International Chamber of Commerce Bangladesh vice-president Latifur Rahman said on Saturday.He was speaking at a workshop on the new International Standard Banking Practices 2013 and Uniform Rules for Bank Payment Obligation International Chamber of Commerce has revised the ISBP, which has become effective from July 2013, and also formulated the URBPO.
In order to prevent the scam, the BB must be given full autonomy for monitoring the activities of state-owned banks as is done in case of private commercial banks and there should not be any interference of the banking division of the finance ministry, he added.
‘Companies engaged in international trade are facing growing threat from fraud and forgery. Besides, the recent scam in some of our state-owned banks have shaken entire banking sector. Thus, the commercial banks are taking extra precautionary measures in opening of LCs, may be due to which we observe lesser import in the recent past. If this trend continues, the much needed development of our industrial base will be in jeopardy,’ he observed.
Vincent O’Brien and Digby Bennett who conducted the workshop and ICCB secretary general Ataur Rahman also spoke on the occasion.
A total of 166 participants from banks, financial institutions and export-oriented industries attended the workshop while around 49 participants are expected to attend the workshop on the same topic to be held in Chittagong on Sunday.
-With New Age input
