White collar crime
Abu Abd, Dhaka
Newspaper readers in Dhaka are being exposed to reports on more and more white collar crimes in the country. There is more money in circulation (good or/and bad), hence more persons fish with more baits of different kinds. We saw it in the stock market some years ago, and now some banks are in the news with dubious practices. Tax evasion is a traditional line, but land grabbing and false documents enjoy undue privilege.The new bad players need new kinds of strong regulators. Black money leaks, and shows up at unexpected places in different guises. The revised regulations have to keep pace with the new tactics. Money laundering service is a new game. The coming budget has to seal the loopholes. The civil service is yet to be business-oriented, while the administrative reforms are going very very slow (for growth rates above five pc per annum). The newly rich are dominating the society. They are sensitive enough to take care of their wealth, but the majority of small investors have to be protected from modern forms of cheating at the white collar level.
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