Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Sunday, November 18, 2018 06:42:35 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Commentary

Extortion economy is not development economy anywhere

By Editorial Desk
07th-Aug-2015       
Comments
Share your thought
Post a comment »
Read all () »

The size of the "economy of extortion" in the country is immense as the several wings of the ruling party and its hundreds of units across the country, local musclemen mentored by lawmakers, law enforcers of every layer or merely government employees – all are free to extort the general people to swell the black economy. The buzzing word "extortion" got momentum while anarchists threaten law abiding people and law enforcing agencies become fearsome for people. Rule under patry-archy has suppressed the basic democratic exercise, rule of law, transparency and accountability.
Extortion is a form of corruption along with bribery, fraud, embezzlement or money laundering. The Finance Minister's estimate that widespread graft takes 2 to 3 percent off the economy has serious implications for the country's development. The Minister has quantified the loss to as much as TK 24,735 crore in the last fiscal year. Earlier in parliament, he expressed his frustration in taking punitive action against corrupt officials involved in major financial scams because of political backing. Thus the Minister has very frankly pointed out to the cancer of corruption that plagues every sector and seeps into every sphere of public life. The World Economic Forum estimates that the costs of corruption equal five percent of GDP.
Who are the extortionists in the country is more difficult to answer. Some examples of extortion in recent times have showed us that the size of extortion is proportional to the volume of power.
According to a report published on July 22, this year, Disaster Management and Relief Minister Mofazzal Hossain Chowdhury Maya opposed a proposal to stop extortion by party men in the name of observing the National Mourning Day programmes. Maya, also general secretary of the Dhaka City Awami League, even sought to know where the party activists would get the money to observe the programme if party men were barred from extorting money. Though a joint secretary of the ruling party said no extortion would be tolerated in the name of observing the National Mourning Day, no steps were yet taken to stop the feared extortion. Before the National Mourning Day last year, Maya sent letters to different business organisations and institutions, seeking sponsorship for decorating 27 road dividers of the city on the occasion of August 15, but no case was filed or no step was taken against the Minister for extortion.
Country's transport sector is one of the prime sources of extorted money. A transport leader said extortionists collect about Tk 1.5 crore every day from the transport sector across the country. Local police and civil administration, influential politicians from Ward level to MP level and transport workers' association  extort money from vehicles as they receive their proportionate share regularly. During Eid rush, it is often seen that law enforcers create hassles by stopping transports frequently at various spots in the name of checking papers of transports and drivers and only let them off after getting bribes.
The adamant and powerful extortionists have been collecting about Tk 1.5 lakh daily in illegal toll as "parking fees" from goods-laden vehicles entering Karwan Bazar. The City Corporation charges highest Tk 10 an hour for the parking of a vehicle between 7:00am and 7:00pm. Parking is supposed to be free throughout the night, and trucks are excluded because they are allowed in the city only after 10:00pm. But for the past few months, a gang of about 100 men have been extorting Tk 50 from each truck at night. In Ramzan, they charged double — Tk 100 for trucks and between Tk 20 and 50 for auto-rickshaws and rickshaw-vans.
Police cases are used for extortion as a normal thing. It should be known to everybody but it is not being stopped. We feel unhappy to say this but police remand in every case is unheard of, but it is going on for extortion of money. Where criminals have been arrested red-handed they are not taken on remand but there are cases where innocent persons arrested are taken into police remands. Extortion and corruption when committed fearlessly and freely is lawlessness.
The government cannot also believe corrupt officials and extortionists for knowing the truth about development. Law and order is breaking down and that is the hard reality. 

Tariff
Add Rate

News Archive

Inside The New Nation

Football »

Neymar penalty punishes Uruguay in feisty friendly


Neymar kept his cool to score the controversial penalty that fired Brazil to a 1-0 win over Uruguay in a full-blooded friendly on Friday.Brazil captain Neymar was subjected to some ferocious fouls from Uruguay as the clash between the South American rivals boiled over at Arsenal's Emirates Stadium.But the Paris ...

Cricket »

Shakib returns as BCB announces squad for 1st Test against WI


The Bangladesh Cricket Board (BCB) on Saturday announced the squad for the first Test of two-match series against the West Indies (WI) with ace all-rounder Shakib Al Hasan returned to the squad.Another big-name inclusion in the squad is Soumya Sarkar, whose last Test appearance came on the tour of South ...

Editorial »

Pro-people police is the demand of time


THE Police Investigation Bureau (PIB) has unveiled the mystery behind a spine-chilling crime where a middle-aged woman passenger was killed inside a running bus at Ashulia in the outskirts of Dhaka city. It took hardly seven days for them to crack the case. Police have already arrested the murderers along ...

International »

US opposes UN resolution condemning Israel's occupation of Golan Heights


AFP, United Nations :For the first time, the United States voted Friday against an annual UN resolution condemning Israel's occupation of the Golan Heights, dropping its practice of abstaining in the vote.The non-binding resolution was adopted in a General Assembly committee by a vote of 151 to 2, with the ...

International »

US-China discord dominates APEC summit in Papua New Guinea


Reuters, Port Moresby :The United States and China swapped barbs over trade, investment and regional security at an Asia Pacific Economic Co-operation (APEC) summit on Saturday, as growing fault lines among members suggested little prospect of consensus at the weekend meeting.Speaking in the Papua New Guinean capital, U.S. Vice President ...

Entertainment »

Aupee Karim returning to big screen


Entertainment Desk :Actress Aupee Karim is returning to the big screen after 15 years , with a film titled "Debris of Desire."Aupee made her debut in cinema with Mostofa Sarwar Farooki's 'Bachelor,' for which the actor won the Bangladesh National Film Award for Best Actress in 2004. The film is ...

City »

BFUJ Secretary General Saban Mahmud receiving posthumous 'Ratnagarva Ma Gold Medal-2018' on behalf of his mother Momtaj Salam at a ceremony organised by Society for Enlightening Nation (SOFEN) in the auditorium of the Institution of Diploma Engineers, Bangladesh in the city on Friday.


Editorial »

Only condemnation not enough, ensure safe return of Rohingyas to Myanmar


US Vice-President Mike Pence expressed the Trump administration's strongest condemnation about Myanmar's treatment towards Rohingya Muslims. He told Aung San Suu Kyi that "persecution" by Myanmar's military was "without excuse" in a meeting with her on November14. Mr Pence also pressed Suu Kyi to pardon two Reuters journalists who were ...

City »

Former Parliament Member of Moulvibazar-2 constituency MM Shaheen joined Juktofront by giving bouquets to Juktofront Chief Prof Dr AQM Badruddoza Chowdhury at the party office in the city's Baridhara on Friday.


.

Football »

Croatia stun Spain as Jedvaj strikes twice to keep hopes alive


AFP, Zagreb :Spain passed up the chance to seal progress to the Nations League finals as they were beaten 3-2 by Croatia on Thursday, undone by a 93rd-minute winner from Tin Jedvaj.Jedvaj's late strike leaves Group 4 wide open ahead of its final fixture between England and Croatia on Sunday. ...

Entertainment »

Deepika-Ranveer wedding: First pics of the gorgeous couple spell magic


Deepika Padukone and Ranveer Singh got married at the picturesque locale of Lake Como in Italy. The much-in-love duo got married in a traditional Konkani wedding ceremony on November 14 and today solemnised their wedding as per Sindhi tradition. After managing to keep their wedding pictures well-guarded, the couple has ...

International »

May fights for survival after Brexit deal sparks crisis


Reuters, London : British Prime Minister Theresa May was fighting for survival on Friday after a draft divorce deal with the European Union provoked the resignations of senior ministers and mutiny in her party.More than two years after the United Kingdom voted to leave the EU, it is still unclear how, ...

Editorial »

Mass awareness needed if NBR wants more people under tax net


THE countrywide 'Income Tax Fair -2018' has already drawn a huge crowd. The authorities hope more people would be brought under tax net this year too. Finance Minister AMA Muhith while inaugurating the fair said out of country's 16 crore population, the number of taxpayers is around one crore. There ...

International »

US could lose war against Russia or China, warns panel


AP, Washington :The United States military has "lost its edge" and could potentially lose a war against Russia or China, a report by a bipartisan panel established by Congress says.The report by the National Defense Strategy Commission on November 14 said U.S. military superiority has "eroded to a dangerous degree" ...

Football »

Switzerland`s Kevin Mbabu (left) is challenged by Qatar's Abdelkarim Hassan during an international friendly soccer match between Switzerland and Qatar at the Cornaredo stadium in Lugano, Switzerland on Wednesday.


.

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news