Prominent businessman and former FBCCI president Abdul Awal Mintoo criticized the recent freezing of bank accounts, calling the practice "not legally valid." Speaking at the Economic Reporters’ Forum (ERF) in Paltan on Monday, he emphasized that such actions should strictly follow due legal process and court orders.
Mintoo expressed concern over arbitrary account freezes, saying, "Freezing bank accounts whimsically is unacceptable. If evidence warrants, accounts can be frozen, but only through proper investigation and court procedures."
On the broader economic front, Mintoo highlighted the adverse effects of contractionary monetary policies. He argued that raising interest rates to curb inflation hampers investment and disrupts supply chains, potentially worsening inflation long-term. He urged the government to balance inflation control with investment and employment generation.
Mintoo also commented on strained Bangladesh-India relations, attributing the tension to India's past alignment with a now-defunct government. He called for respectful bilateral ties that uphold Bangladesh's dignity.
Additionally, he advocated for a democratic government and an electoral roadmap, stressing accountability to citizens as vital for sustained economic recovery and institutional trust.
As a BNP leader, Mintoo suggested initiating organisational reforms now and proposing constitutional reforms through consensus for future governments to implement.
Bd-pratidin English/ Jisan
