Transparency International Bangladesh (TIB) yesterday expressed concern over the government's decision to allow undisclosed money into the share market without setting any condition.
“Investment of undisclosed money in the share market is morally unacceptable, and risky from the perspective of fair competition,” said TIB Executive Director Dr Iftekharuzzaman in a press statement.
The decision will encourage black money holders to earn more through illegal means and discourage legal earning, and ultimately the control of the market will go to the hands of black money owners, he observed.
On the other hand, small investors will suffer losses for a longer period, and there will be no possibility of fair competition, Iftekharuzzaman said adding that the overall investment in the share market will get linked to corruption which will create a huge impediment to economic development and good governance.
Referring to the section 20 (2) of the constitution that discourages undisclosed money, the executive chief of the anti-corruption watchdog said extending the scope for black money investment goes against the Awami League government's electoral manifesto.
“From this perspective, it will be suicidal for the government,” TIB said, requesting the government to review its decision.
It, however, lauded the prime minister's move to address the crisis of the capital market.
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন