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SUB: AN APPEAL FOR JUSTICE TO SAVE FROM OPPRESSIVE LAWS

Many families of Bangladesh Nationals suffered a lot during Freedom War
Many members from effected family have started to establish Industries investing family resources from 1972 as self earner as well to create job opportunity

The Government also started to help these fast growing PRIVATE SECTOR INDUSTRIES utilizing the grants of International Loan Giving Agencies and through different Banks from 1979.
But Unfortunately the Owners of these Industries became helpless victims of deep rooted conspiracy and anti propaganda. .
And the activities of Bank officials were fully negative .

Bank officials acted in every possible way for compelling many Borrower of Industrial Loan become defaulter so that, the bank officials can occupy or take possession or to create scope for their near and dear to purchase the valuable mortgaged land and properties of the helpless owner of industries under shelter of oppressive laws in the name of recovery of loan recovery. .
And there are no scope or any clause to raise the above activities of bank officials before the Artha Rin Court claiming compensation , or claim set off in the same suite or dismissal of the suit .
High level investigation will reveals the facts as stated above

Due to such activities most of the identified Sick Industries became in-operatives and have lost their cash capitals, expatriate capabilities and became helpless victims of oppressive laws.
Knowing the facts a budgetary provision were created by the Government of Bangladesh and paid huge amount to banks through this budgetary provision against all bad debt or defaulted bank loan ( both principal and interest ) at the rate of 4.5 % from 1990 to 1994.

The budgetary provision were increased to 5 % and extended in 1994 -1995 budget session upto 1998 considering the over all situation of the matter of negligence , malpractices, conspiracy, non co-operation , fraudulent or malefied activities of bank officials who are responsible for compelling the owner of industries to became sick ****** }
( ****** As per ref .of 2nd volume of budget presentation by the then honorable Minister of Finance , Govt. of Bangladesh in Bengali language before the Parliament on 9 th June of 1994.as mentioned in page no- 7 and para 14 which continued to page no-8 .” )

After the above arrangement do there remain any residual debt lying with owner of sick industries of Bangladesh ( private sector upto 1998 ), ?

THE HELPLESS OWNERS OF INDUSTRIES ARE NOW LOOKING FOR JUSTICE, BUT THE DOOR OF JUSTICE ARE CLOSED due to enactment of a law know as ARTHA RIN ADALAT ACT ( Bank Loan Recovery Act ) on 1989 which were amended on 2003 and Bank Ruptcy Acts were also enacted on 1997 treating the Owners of Industries under Private Sector like as Slave of Colonial Period WHEN THE HANDS OF THE PRODUCER AND TECHNICIAN OF MOSLIN FABRICS ( which were only produced in Bengal of undivided INDIA) were cut down to stop production of Finest Fabrics by Bengali Technicians and Producer.

Out of total outstanding defaulted Bank Loans, about 60 % to 70 % are lying with Nationalized / State Sector and less then 10 % to 15 % are lying with Industries of Private Sector of Bangladesh..

The owner of industries in Bangladesh are direct victims of anti propaganda since after liberation in organized way to till date by vested group so as to hide out the matter of negligence , malpractices, conspiracy, non co-operation , fraudulent or activities of bank officials and their controlling authorities who are responsible for compelling the owner of industries to become sick.

As per Artha Rin Act nothing can be raised against the Order or Decree of Artha Rin Court to Higher Court without Payment of 50 % of the suit value or Decretal Amount which is simply impossible task.
The door of appeal or revision is also closed denying the Legal right of Owners of Industries as per sections 12, 18 & (3) , 19, 20,21,33, 34,40,41,42,44, 47 and 50 of Artha Rin Act.
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There are no other alternative way or remedies , but to draw the attention of concern authority of Bangladesh Government including PATRIOT INTELLECTUAL PERSONS, POLITICIAN AND LEADER OF CIVIL SOCIETY AND INTERNATIONAL COMMUNITY TO VERYFY the above and help suffering owner of industries for restoring EQUAL RIGHT of JUSTICE,

Also kindly arrange to circulate our humble appeal among honorable members , partners of your organizations or in your news bulletins and in printed or electronic news media for transmission this appeal among all organizations working for HUMAN RIGHT , DEMOCRATIC RIGHT and to PREVENT LEGAL ABUSE and OPPRESSIVE LAWS and also to consider the followings for approval :

1-The Existing System of Mortgage of Land or Properties as security or co-- lateral security to bank against loan need to be completely abolished so as to remove ever growing corruption , malpractices and fraudulent activities which exist in Banking Sector and are much Proven Facts for the greater interest. Of the Nation.

2- - The Sections 12, , 18 & 18(3), 19,20,21,33, 34,40,41,42,44,47 and 50 of Artha Rin Acts including Sections 28 ( Kha) of Banking Company act should be abolished immediately.

3-. Humble appeal before the Government of Bangladesh to allow owners of industries to claim SET OFF or COMPENSATIONS for negligence , violation of contract , fraudulent or malice activities of official of banks in the same suit filed by Bank for recovery of Loan Money similar to DRT ( DEBT RECOVERY TRIBUNALS ) OF INDIA

5- And to take immediate steps to abolish the system of CERTIFICASE CASE which are nothing but abuse of LAW and worst one like that of COLONIAL RULE .
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Suffering Groups of Owners of Industries of Bangladesh.