PM for scanning default media owners

Staff Correspondent

15 June, 2019 12:00 AM printer

Prime Minister Sheikh Hasina on Friday came down hard on loan defaulters and asked the journalists to investigate the default loans of the media owning firms.

Hasina also urged the media owners to open news outlet after repaying the defaulted loans while addressing the post budget press conference at Bangabandhu International Conference Centre in the capital on Friday.

“Write about them (regarding default loans) on newspapers. This is a request to you from my side,” Sheikh Hasina added.  

The number of defaulted loans increased to Tk 1.1 lakh crore  from Tk 23,000 crore in last ten years.

The sum of non-performing loans (NPL) stood at Tk 93,911 crore at the end of 2018, up from Tk 74,303 crore a year ago, according to Bangladesh Bank data. They accounted for 10.3 percent of the banking sector’s total loans, up from 9.3 percent in 2017.

The premier was replying a question on default loan from a reporter and asked the name of the media.

In reply, Prime Minister Sheikh Hasina said: “I would ask you about your reporting on default loan taken by your owning companies. I request you to investigate an issue that your company owners should repay to banks.”

She further said that when journalists will expose the repayments and rescheduling of loan by the media owning firms, the reports will not ask such kind of questions in future.

In March, Finance Minister Mustafa Kamal unveiled the name of top twenty defaulters in the parliaments. They are Quantam Power System, Samanaj Super Oil, BR Shipping Mills, Suprovo Shipping, Remex Footwear, Rising Steel, Computer Source, Bentex Industries, Max Shipping Mills, SA Oil Refinery, Rubaiya Vegetable Oil Industries, Anowara Shipping Mills, Crescent Leather Products, Suprovo Rotor Shipping, Yasir Enterprise, Chowdhury Knitwear, Siddique Traders, Rupali Composite Leatherwear, Alfa Composite Towels and MM Vegetable Products.