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Due to various projects taken by the government, if Chattogram’s increasing commercial importance is exploited, the vision of building a smart Bangladesh by 2041 will be possible. But we have to face big challenges like rapidly growing population and climate change in the near future. That is why all the government agencies have to work together to implement the plan that the Prime Minister has adopted around Chattogram to change the fortunes of Bangladesh.
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Thus the exposure of big cash during the casino crackdown needs to be analysed carefully. Per capita CIC may be an interesting indicator in this regard. With a population of around 162 million, per capita CIC is estimated at Tk 10,572 only. Thus it may be presumed that a large section of people have small amount of cash in their houses. Only a few people have large or excessive amount of cash at their disposal due to rising disparity in income.
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There is currently no concerted initiative by law enforcement agencies to stop app-based gambling or alleged investment. Various units of the police have undertaken arrests based on victims’ complaints, but they are booked under Section 420 for fraud. Some from unknown companies allegedly collect ‘investments’ from customers who are gambling on the ups and downs of the stock market. Even if someone earns a few hundred thousand taka through this process, according to the current rules of mobile financial services, a maximum of Tk 20,000 can be received using an MFS number. However, customers can withdraw money using multiple numbers. Using these apps, customers can bet on the results of various games running in different parts of the world.
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A national survey by International Republican Institute found that Sheikh Hasina remains Bangladesh’s most popular leader
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So the CIC-GDP ratio stood at 6.72 per cent in the past fiscal. The ratio is reasonably low compared to advanced developing countries like China, India and Russia.
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The theft was discovered after an extended period when the accounts at the bank did not match. Rajshahi Metropolitan Police spokesman Rafiqul Alam said, “These apps are not approved in the country. Bangladesh’s money is being smuggled abroad through the app. It can be shut down at any time.” He said if someone commits money laundering or any other financial crime on foreign apps or websites or in any other way, Bangladesh Bank will look into it.
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