Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1069 Mon. June 04, 2007  
   
Editorial


Editorial
Recovery of siphoned off wealth
World Bank offer should be seized
We are happy at the World Bank assurance that it is ready to provide all assistance with regard to recovery of our stolen assets siphoned off abroad. It should be taken up without a second thought since, we are certain, that will help quicken repatriation of the nation's wealth that the corrupt politicians and businessmen have stashed away in other countries. By this we are sure the ongoing anti-corruption drive will not only receive a great fillip it will go a long way in righting a wrong that the greedy bunch had perpetrated on the nation.

To say the least the nation has been thunderstruck at the reported figure of cash that some politicians and businessmen had earned through foul and illegal means and despatched to other countries. Frankly, these do not fall under the category of corruption or bribe or mere kickbacks. These are acts deliberately undertaken without a thought of the damage that these people were inflicting upon the country. We must find a different vocabulary to describe these abominable acts. What we have are blatant cases of organised plunder of national wealth by those that the nation had entrusted its wealth to protect.

We understand that so far the government has been able to repatriate around 300 crore taka, which, going by the accounts given out by some of the arrested politicians, is but a tiny portion of the siphoned off money. We would hope that the government would not only expose these anti-state elements but would take all measures to ensure that they receive the severest of punishments for the harm that they have done to the country. Apart from that, the government should take all measures possible to unearth the system and the nexus of various people that operate the system of making and then transferring money outside the country; it must be broken once and for all.

As for the effort against corruption it will be well to remember that while the ACC's effort has so far been very laudable its effectiveness can be proved by bringing the corrupt to trial without delay through cast-iron prosecution. The trial must be transparent and according to the law of the land.