Former Bangladesh Bank Governor Mohammad Farashuddin speaks at an event in Dhaka's Banani on Tuesday. -AgencyFormer Bangladesh Bank governor Mohammad Farashuddin has called for the state to take control of the assets held by local corporate groups he likened to "East India companies", claiming they have captured key levers of the economy and must now face justice. Bangladesh Bank has flagged them. He argued that when political and economic power become one and the same, "East India company-style" entities are born, reports bdnews24.com. Without preserving the independence and integrity of institutions like the central bank, he cautioned, "new East India companies will continue to emerge."

Source: bd News24 October 01, 2025 02:04 UTC