Whats your view on this?
Thanks for the link, very interesting background information.
SEEKING HELP & SUPPORT FOR CHANGE OPPRESSIVE LAWS
Dear Sir
Immediately after independence 1972 many of the Bangladeshi Citizens started to establish small & medium size INDUSTRIES investing family resources as self earner
And Government started to help these rapidly growing PRIVATE SECTORE INDUSTRIES having fund from International Loan giving Agencies, etc. through different Bank.
But unfortunately the Bank Official & Policy Maker started harassing the Entrepreneur extending non-co-operation, negligence’s throwing these Industries out of production and became interested to occupy the Mortgage Properties & Co-Lateral Securities of Industrial Owner of Private Sector
Due to Such Non Banking Activities of Bank Official and Policy Maker, The individual owners of these Industries have lost their Cash Capital, Expatriate Capabilities, and became helpless victims of deep rooted conspiracy having similarity to the
HISTORY WHICH REMIND US THAT THE HANDS OF THE TECHNICIAN OF MUSLIN FABRICS “ ,THE FINEST QUALITY FABRICS WHICH WERE EVER MADE IN BENGAL ONLY “ WERE CUT DOWN BY THE THEN COLONIAL RULER OF UNDIVIDED INDIA.
And there are about 35 (Thirty Five) millions unemployed person in Bangladesh. In 1992 & 1996 these Industries were Identified and Registered by the Government through the process of examination as SICK INDUSTRIES / DISTRESSED INDUSTRIES who were victims of Violation of Contract, Negligence, Fraudulent Activities, ,Malpractices including Abuse of Power of Bank Officials including Policy Maker / Law Maker due to absence of accountability in any form .
Industrial Entrepreneur were deprived of LEGAL RIGHT due to enactment of BANK RUPTCY ACT in 1997 and ARTHA RIN ACT of 1989 – 1990 period and as amended on 2003 and on 2007 treating the INDUSTRIAL ENTRPRENEURS OF PRIVATE SECTOR as like as SLAVE of Primitive Age.
Surprisingly these Laws are not applicable for NATIONALIZED / GOVERNMENT SECTOR WHERE much of the Bank Money are lying & Millions of US Dollar received from INTERNATIONAL AGENCIES OR OTHER SOURCES ARE INVESTED TILL DATE WITH OF NO RESULT
THERE ARE NO PROVISION FOR APPLICATION OF LAW OF TORT which are most common law even in neighboring countries not to speak of USA , EUROPE or AUSTRALIA DUE TO WHICH BANGLADESH HAS BECOME A HEAVEN FOR REPRESSION / EXPLOITATION BY OFFENDERS / WRONG DOERS INCREASING the number of poor people in multiple ration .
OWNER OF INDUSTRIES OF PRIVATE SECTOR CAN NOT CLAIM ANY SET OFF or COMPENSATION FOR VIOLATION OF CONTRACT, NEGLEGIENCES, MALPRACTICES, FRADULENT ACTIVITIES, ABUSE OF POWER BY BANK OFFICIAL or any other type of Loan Giving Agencies or POLICY MAKER . ON THE SUIT FILED BY BANKS/ Loan Giving Agencies for realization of Bank Loan till date. Of Bangladesh.
And are not permitted for simultaneously hearing of Compensation Suit in ARTHA RIN COURT of Bangladesh , Although THESE ARE
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