Banner Advertiser

Wednesday, July 11, 2012

[mukto-mona] Re: দুদক সরকার&# 2503; ;র দালালে পø 0; 95;ণত হয়েছে : ম 451; দুদ(Dudok became g

Not so fast, Mr. Chowdhury! You too have a duty to write about Ms. Zia and her two sons in regards to their plundering of Bangladesh during their tenure. Even CIA has openly testified on that matter in a court of the law under oath. Sleep no more, bro! A pot should not call a kettle black! Bangladesh is a corrupt country and it did not happened overnight. You too are a part of that collective shame and stigma.

WB is not a perfect organization as BNP/ Jamat cadres think. Paul Wolfowitz is the prime example of that fact. No need to be naive about the loan. It is basically a political game and eventually Bangladesh will get the money if it lubricates the right party.

"All great truths begin as blasphemies." GBS

From: Nazrul Chowdhury <>
To: Muhammad Ali <>
Cc: Capt. Farid Hossain <>; "" <>; "" <>; "" <>; "" <>; "" <>; dipumoni <>; "" <>; "" <>; "" <>; "" <>; "" <>; PROGRESSIVE <>; farida <>; "" <>; ASLAM <>; akhtar <>; "" <>; "" <>; "" <>; "" <>; "" <>; "" <>; "" <>; DR FIROZ KAMAL COLUM <>; "" <>; "" <>; "" <>; "" <>; "" <>; BNP CANADA <>; "" <>; "" <>; "" <>; "" <>; "" <>; "" <>; "" <>
Sent: Wednesday, July 11, 2012 6:35 AM
Subject: Re: দুদক সরকার&# 2503; ;র দালালে পø 0; 95;ণত হয়েছে : ম 451; দুদ(Dudok became g

Instead of bringing somebodies writing, please write about WB corruption allegations on Hasina families, her ministers and others. How Hasina will prove herself and others clean from these allegations. How about Canadian investigation on this Padma budge corruptions between Canadian personals and Hasina's people, please put those reports here so that every concerned people can see the depth of corruptions involved. Thanks.

Sent from my iPhone

On Jul 10, 2012, at 11:48 PM, Muhammad Ali <> wrote:

Corruption, Mismanagement and Malinvestment at the World Bank
by Jacob Steelman
by Jacob Steelman

In an interview promoting his recently published book about the World Bank Steve Berkman, a 16-year veteran of the Bank and former head of its anti-corruption department, asserts that the World Bank is corrupt. As one of his many pieces of evidence he cites the forced resignation or firing of Paul Wolfowitz as World Bank President in the spring of 2007 over allegations that Wolfowitz had improperly employed his girl friend and increased her salary in contravention of Bank policy. Berkman asserts that this was just a pretext to get rid of Wolfowitz who had held up the funding for several projects in India and other countries pending corruption investigations by the Bank.
Since Wolfowitz was a key architect of the United States' Iraq war and war on terrorism in his position as Deputy Secretary of Defense under Donald Rumsfeld there are no doubt any number of reasons why his tenure at the World Bank was opposed by the Bank's member countries and management. So while this makes great headlines for marketing Berkman's book the real story is the Bank itself and the numerous stories of corruption at the World Bank which Berkman discusses. This will come as no surprise to libertarians and Austrian economists who know all too well the sad legacy of the corrupting influence of government money and the squandering of capital whether in a rich or poor country. Government enterprises are inherently flawed since in addition to being morally wrong (they are redistributors of wealth forcibly taken from private taxpayers) they invest and provide funding for businesses and projects the private sector avoids which necessarily indicates these are bad businesses or projects for investment.
The World Bank was created July 1, 1944 as part of the agreements reached at Bretton Woods to provide for reconstruction and development of post-war Europe and Asia. The Bank now provides financial and technical assistance to developing countries in Africa, South America and Asia. The Bank provides low-interest loans, interest-free credit and grants to developing countries (primarily governments) for education, health, infrastructure, communications and other purposes while its affiliate, the International Finance Corporation (IFC), provides debt and equity capital to private sector businesses. The Bank is headquartered in Washington, D.C. with an international staff of over 10,000 employees deployed in offices around the world. The Bank is funded through the sale of bonds and from contributions by its 185 member countries. The Bank consists of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The IBRD focuses on middle income and creditworthy poor countries, while IDA focuses on the poorest countries in the world. Affiliated with the World Bank and making up what is referred to as the World Bank Group are the IFC, the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).
The current President of the Bank as well as President of the IFC and the Bank's affiliates is Robert B. Zoellick who was elected by the Bank's Board of Governors July 1, 2007 following the resignation of Paul Wolfowitz. Before taking on these roles with the World Bank Group Zoellick was an investment banker with Goldman Sachs, worked in the US State Department, was the US Trade Representative, was an Executive Vice President of Fannie Mae and worked in the Treasury Department. He is also a member of the Council on Foreign Relations. Prior to Wolfowitz the President of the World Bank was an Australian, James D. Wolfensohm, an investment banker with Salomon Brothers, Schroeders (of London) and Darling & Co (Australia) as well as being a director of the Rockefeller Foundation, the Brookings Institute and also a member of the Council on Foreign Relations. From its earliest days most of the Presidents of the Bank have come out of the United States' banking community along with some senior political appointees. Murray Rothbard has described in some detail the relationship which exists between the commercial banking community and American foreign policy including the United States' participation in the World Bank.
In contrast to his predecessor and successor Wolfowitz is not an investment banker but is an academic and has been in the employ of the Pentagon during most of his government service which began in the early 1970s. The Bank needs projects to fund in order to create the rationale for issuance of its bonds which are sold through investment bankers thereby serving as the source of funding for its investment bankers and the many consultants, suppliers and contractors retained for its projects. Wolfowitz's hold on the funding of certain projects created a great deal of resentment within the Bank as well as those to be benefitted from the funding of these projects by the Bank. Thus, it is not surprising that such a controversial President would soon be pushed out by the bureaucrats and board members of the Bank.
The World Bank forms only part of the network of government sponsored multilateral agencies which exist not only in the US (e.g. Overseas Private Investment Corporation and Export-Import Bank of the United States) but in other countries as well; in addition to regional development banks such as the Asian Development Bank headquartered in Manila. The purpose of all these agencies is to promote international development by governments through direct grants as well as loans, guarantees of loans, provision of political risk insurance and similar programs for private sector businesses and projects. The Bank (as well as these multilateral agencies) redistributes money from the taxpayers of its member countries to the beneficiaries receiving funding. These are businesses and development projects that the private sector would not otherwise fund due to the risk (political or economic) or uneconomic nature of the project or enterprise. Thus, inherent in the provision of any government funding by the World Bank (whether in the form of grants, loans or equity investment) or insurance coverage is the uneconomic nature of the investment i.e. they are malinvestments and thus represent a waste of precious capital (forcibly taken from private taxpayers). This is not dissimilar from the malinvestment scheme currently being promoted by Lehman Brothers' Felix Rohatyn for the United States.
It is not surprising with so much money being thrown at politicians and bureaucrats that there is corruption – it would be surprising if there were not. As Berkman says the Bank enriches the government elites of the Third World while creating massive amounts of debt which cannot be repaid. "[T]he Bank pretends it is lending for noble purposes, while the borrowers pretend they will put the money to good use," says Berkman. Instead the money is put into the hands of government officials and leaders who historically have looted their national treasuries. Ten percent of the $20 billion disbursed by the Bank each year is lost to corruption and it is estimated that 25 to 35% of total lending is lost to corruption. While the corruption takes many forms of course here are just a few examples:

Shell companies paid for goods and services that were never delivered
Tainted pharmaceuticals bought by the Bank for distribution to the public
Faulty AIDS testing kits bought by the Bank
Bank benchmark certification achievement for a hospital built with Bank funds when in fact all that existed was a hole in the ground
Bribes and kickbacks being paid to senior government officials while suppliers go unpaid
Farmers aid programs billed for hundreds of thousands of dollars for office furniture, vehicles, lodging, air conditioners, fencing, household furniture rather than aid to the farmers
As important as it is to weed out corruption it is equally important to understand the inherent mismanagement and malinvestment (along with corruption) which occurs in the Bank's funding process. I say inherent because the basic premise for the Bank's existence – to invest in projects the private sector would not touch – is flawed and thus with $20 billion of someone else's money (taxpayers money or central-bank-created fiat money) to be distributed annually by a large political bureaucracy in countries around the world for allocation to projects which are inherently malinvestments (not investments seeking a market financial return) there can be no other result than corruption, mismanagement and malinvestment.
A case study of the Ivory Coast will suffice to paint the picture of how the World Bank's process works and the manner in which the government and the ruling elite of a country (this can be applied to any country not just the one in the case study) operate in their dealings with the Bank. After a generation of relative success (8% annual growth rates) following World War II due to a relatively competitive free enterprise system the Ivory Coast experienced a slump from which it has yet to pull out. Notwithstanding its recognition of the problem the World Bank was powerless to assist the country despite it being the country's largest creditor.
Following the Ivory Coast's post-war economic success the government extended its authority over the economy and allocation of resources as it began to develop large inefficient infrastructure projects which were financed by the World Bank. The World Bank did not require that their loans provide a financial return. The ruling elite withdrew (legally and illegally) sizeable percentages of the capital loaned by the Bank to the government. The loans eventually represented as much as 85% of the country's GDP. The country became dominated and controlled by a small governing minority acting as intermediary between the populace and the international marketplace and community (as well as intermediary domestically) similar to the social and governing structure which existed during the period of French colonialism.
The concentration of more power in the central government allowed the urban elite to keep its grasp on power by holding back rural development. The primary means for this control was the central purchasing authority for the nation's coffee and cocoa production. Since it had the government granted monopoly this authority purchased all the coffee and cocoa production of the country and then resold it on the world market. Since the government was the sole purchaser of coffee and cocoa production in the country it could dictate prices to the producers which it did at rates representing only 37% of the world prices. Natually, the government reaped substantial revenues from such an arrangement in addition to controlling the primary export market of the Ivory Coast.

From: Capt. Farid Hossain <>
Cc:;;;; dipumoni <>; mnik <>;;;;;;; PROGRESSIVE <>; farida <>;; ASLAM <>; akhtar <>;;;;;;;; DR FIROZ KAMAL COLUM <>;;;;;; BNP CANADA <>;;;;;;;
Sent: Wednesday, July 11, 2012 12:21 AM
Subject: RE: &#2470;&#2497;&#2470;&#2453; &#2488;&#2480;&#2453;&#2494;&#2480;&# 2503; ;&#2480; &#2470;&#2494;&#2482;&#2494;&#2482;&#2503; &#2474;&#248 0; 95;&#2467;&#2468; &#2489;&#2527;&#2503;&#2459;&#2503; : &#2478;&#2 451; &#2470;&#2497;&#2470;(Dudok became g

Date: Wed, 11 Jul 2012 03:01:05 +0000
Subject: RE: &#2470;&#2497;&#2470;&#2453; &#2488;&#2480;&#2453;&#2494;&#2480;&# 2503; ;&#2480; &#2470;&#2494;&#2482;&#2494;&#2482;&#2503; &#2474;&#248 0; 95;&#2467;&#2468; &#2489;&#2527;&#2503;&#2459;&#2503; : &#2478;&#2 451; &#2470;&#2497;&#2470;(Dudok became go

New Abul , Abul Barakat needs Halua-Ruti from Jononetri's government he's desperate for Halua-Ruti.

---------- Original Message ----------
From: "Capt. Farid Hossain" <>
To: <>, <>, <>, <>
Cc: <>, dipumoni <>, mnik <>, <>, <>, <>, <>, <>, <>, PROGRESSIVE <>, farida <>, <>, ASLAM <>, akhtar <>, <>, <>, <>, <>, <>, <>, <>, DR FIROZ KAMAL COLUM <>, <>, <>, <>, <>, <>, BNP CANADA <>, <>, <>, <>, <>, <>, <>, <>, <>
Subject: RE: &#2470;&#2497;&#2470;&#2453; &#2488;&#2480;&#2453;&#2494;&#2480;&#2503 ;&#2480; &#2470;&#2494;&#2482;&#2494;&#2482;&#2503; &#2474;&#2480;&#24 95;&#2467;&#2468; &#2489;&#2527;&#2503;&#2459;&#2503; : &#2478;&#2451; &#2470;&#2497;&#2470;(Dudok became go
Date: Wed, 11 Jul 2012 00:51:51 +0000

Date: Tue, 10 Jul 2012 22:08:55 +0000
Subject: &#2470;&#2497;&#2470;&#2453; &#2488;&#2480;&#2453;&#2494;&#2480;&#2503 ;&#2480; &#2470;&#2494;&#2482;&#2494;&#2482;&#2503; &#2474;&#2480;&#24 95;&#2467;&#2468; &#2489;&#2527;&#2503;&#2459;&#2503; : &#2478;&#2451; &#2470;&#2497;&#2470;(Dudok became government's paid agent ?)

দুদক সরকারের দালালে পরিণত হয়েছে : মওদুদ

নিজস্ব প্রতিবেদক
বিএনপির স্থায়ী কমিটির সদস্য ব্যারিস্টার মওদুদ আহমদ বলেছেন, দুর্নীতি দমন কমিশন (দুদক) সরকারের এজেন্ট। নিরপেতা হারিয়ে প্রতিষ্ঠানটি মঈন-ফখরুদ্দীনের সময়ের মতো সরকারের পে কাজ করে দালালে পরিণত হয়েছে।
গতকাল বিকেলে ডিপ্লোমা ইঞ্জিনিয়ার্স ইনস্টিটিউটে তেজগাঁও বিশ্ববিদ্যালয় কলেজ সাবেক ছাত্র ফোরাম আয়োজিত সমাবেশে তিনি এসব কথা বলেন। যুবদল ঢাকা মহানগর উত্তরের সাধারণ সম্পাদক এস এম জাহাঙ্গীরের মুক্তির দাবিতে এ সমাবেশের আয়োজন করা হয়।
পদ্মা সেতু প্রসঙ্গে মওদুদ আহমদ বলেন, দুর্নীতির কারণে পদ্মা সেতুর ঋণচুক্তি বাতিল করায় সরকার বিশ্বব্যাংকের বিরুদ্ধে যুদ্ধ ঘোষণা করেছে। কিন্তুএতে কোনো লাভ হবে না।
তিনি বলেন, পদ্মা সেতুর দুর্নীতি বিষয়টি হাতেনাতে ধরা পড়েছে। এ সেতুর পরামর্শক হতে কানাডিয়ান প্রতিষ্ঠান লাভালিন সাবেক যোগাযোগমন্ত্রী ও তার কোম্পানিকে অগ্রিম টাকা দিয়েছে। তাই সরকার আর এখন এ বিষয়টি এড়িয়ে যেতে পারবে না।
নিজস্ব অর্থায়নে পদ্মা সেতু নির্মাণ সম্ভব নয় দাবি করে মওদুদ বলেন, সরকারের এটা কল্পনা বিলাসিতা ছাড়া আর কিছু নয়। তাই সরকারকে বলব, এসব চিন্তা বাদ দিয়ে বাস্তবতা বুঝে বিশ্বব্যাংকের আস্থা ফিরিয়ে আনার চেষ্টা করুন।
জাতীয় ইস্যুতে দ্বিদলীয় রাজনীতি চালুর পরামর্শ দিয়ে মওদুদ সরকারের উদ্দেশে বলেন, 'প্রয়োজনে বিরোধী দলের সাহায্য নিন। আমরা আগেই বলেছি যেকোনো জাতীয় ইস্যুতে সরকারকে সব ধরনের সহযোগিতা করব।'
তিনি নেতাকর্মীদের উদ্দেশে বলেন, একটু ধৈর্য ধরে সরকারের জেল-জুলুম সহ্য করতে হবে। আমরা আন্দোলনের পাশাপাশি আইনি লড়াই চালিয়ে যাবো। একপর্যায়ে সরকারকে তত্ত্বাবধায়ক সরকারের দাবি মেনে নিতে বাধ্য করা হবে।
ছাত্রদলের যুগ্ম সাধারণ সম্পাদক ফখরুল ইসলাম রবিনের সভাপতিত্বে সমাবেশে অন্যদের মধ্যে বক্তৃতা করেন বিএনপির যুগ্ম মহাসচিব বরকত উল্লাহ বুলু এমপি, রুহুল কবির রিজভী, সদ্য কারামুক্ত যুবদলের সাধারণ সম্পাদক সাইফুল আলম নীরব ও সহসভাপতি মোরতাজুল করিম।


53 Year Old Mom Looks 33
The Stunning Results of Her Wrinkle Trick Has Botox Doctors Worried


Mukto Mona plans for a Grand Darwin Day Celebration: 
Call For Articles:




"I disapprove of what you say, but I will defend to the death your right to say it".
               -Beatrice Hall [pseudonym: S.G. Tallentyre], 190

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe