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“At the end of the day, an hour playing with Tk 100 can leave you Tk 1 million up or down to Tk 50.” “No one is forced to invest money in that app. It is good for us if an unemployed youth gets a job through [this app].” Rubel said that half a hundred investors of Durgapur Upazila have invested money in MTFE app through him. Through manipulation, transactions occur using these wallets and legitimate domestic financial channels.

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When several councilors expressed their anger regarding the recent flooding in Chattogram, the Mayor said that the city dwellers hold the mayor and councilors responsible for flooding. However, the Chattogram City Corporation is not in charge of water logging projects. The Mayor said this at the 31st general meeting of the elected 6th Parishad at Nandankanan Theater Institute in the city on Monday (August 28).

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And yet, such business practices are rampant, dodging our legal system and the cybercrime cell with much ease. In the process, a large number of people are falling victim to gambling addiction and other related crimes, not to mention siphoning off money outside the country. “The apps allow you to ‘chat’ with women of different ages on video calls in the live chat. Their target is mainly expatriate Bangladeshis. Many are wasting their money on live chat rooms day and night.”

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Two major incidents of online gambling scams recently came to the notice of law enforcers, but only after tens of millions of taka were lost. The basic idea of these apps and sites is the same, but they arrange different games under different names. “If anyone complains about being cheated, swift action will be taken. Two cases have already been filed over two apps that were shut down. Police have also arrested people.” On Jun 20, he went to Mahbubur Rahman’s ‘Plating Coin’ establishment in the suburb of Rajshahi city in sector No. 3 and found it closed.

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This gap between such laws and the rapid progress in technology is what makes their implementation a challenge, pointing to their futility. Under such circumstances, the law is executed without consistency, often becoming discriminatory. “Bangladesh Bank monitors suspicious transactions. But it is impossible to monitor the purpose for which a person or business engages in a money transaction.”

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In addition, the meeting was attended by Bangladesh Medical Association president and another member of the presidium of Bangladesh Awami League Dr. Mustafa Jalal Mohiuddin. Mahboob Alam Farooq KIB vice president agriculturist the program was conducted by Secretary General Agriculture. Speaking as a special guest at the event, Awami League Joint General Secretary AFM Bahauddin Nashim said that BNP-Jamaat leaders and workers suffer if they catch militants or take any action against them. However, it will never be possible in this country as long as Bangabandhu is alive. So they are involved in various conspiracies with foreign powers.

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Instead of keeping the money in banks, they preferred to hold big cash as these were mostly earned from illegal and tax-evaded income. Taking cue from this, a small section of people in news and social media raised the issue of demonetising Tk 500 and Tk 1,000 bank notes.

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CIC-GDP ratio is around 9.50 per cent in China and around 9.0 per cent in Russia. In India the ratio stood at 10.70 per cent in March this year. Without going into the details of monetary aggregates, it may be simply mentioned that one is currency creation or supply side, another is use side. Bangladesh Bank notes and government notes and coins generate the total currency in circulation with Bangladesh Bank notes accounting for 99.0 per cent of the total. Denominations of Tk 10, Tk 20, Tk 50, Tk 100, Tk 500 and Tk 1,000 are issued by the central bank in Bangladesh.

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He wrote his first novel ‘Bhairav’ in 2013 at the age of 73. The autobiography ‘Jiboner Shilalipi’ was published in 2014. In the meantime, ‘Bhairav’ has been translated into English. The president of Bangladesh Krishak League, agriculturist Sameer Chand, former secretary general of KIB, agriculturist Md. Mubarak Ali, Bangabandhu Sheikh Mujibur Rahman Agricultural University Vice-Chancellor Professor Dr. Md. Ghiyasuddin Miah and the current treasurer of KIB is agriculturist M Aminul Islam addressed the meeting.

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