Former Bangla PM Khaleda Zia gets 5 years in jail in corruption case

Al-Jazeera
February 8, 2018

Dhaka, Feb 8: A court in the Bangladeshi capital, Dhaka, has sentenced former Prime Minister Khaleda Zia to jail in a corruption case.

Judge Md Akhtaruzzaman of the Special Court-5 on Thursday sentenced the two-time former prime minister to five years rigorous imprisonment. He read out selected parts of the 632-page verdict.

"The verdict proves no one is above the law," Law and Parliamentary Affairs Minister Anisul Haque said after the verdict was announced amid tight security.

Zia, chairperson of the country's main opposition Bangladesh Nationalist Party (BNP), and five others were accused of embezzlement of funds meant for the Zia Orphanage Trust.

Tarique Rahman, Zia's elder son and heir apparent, and four others were sentenced to 10 years in this politically significant case that comes ahead of general elections due in December.

Rahman, vice chairman of the BNP, has been living in the UK for the past nine years.

The six were accused of embezzling over Tk 21 million ($252,000) from foreign donations intended for a charity named after former President Ziaur Rahman, Zia's husband.

The four others who also received 10-year jail terms are former legislator Quazi Salimul Haq, former principal secretary to Zia, Kamal Uddin Siddique, Zia's nephew Mominur Rahman and businessman Sharfuddin Ahmed.

Zia's political future

The verdict could bar 72-year-old Zia from running in the general elections as the country’s constitution prohibits a convicted person sentenced to over two years from participating.

Zia, decked out in a cream-coloured printed chiffon sari and shawl, and sunglasses, appeared calm while hearing the verdict.

After the verdict, she was taken to the Woman Cell and Daycare Centre at the old Dhaka Central jail, where jail authorities have already renovated her cell.

Defence lawyer Khandakar Mahbub Hossain said the verdict failed to reflect the truth. "We will go to the higher court against this," he said, adding that he hoped Zia would receive bail soon.

BNP Secretary-General Mirza Fakhrul Alamgir accused the government of Prime Minister Sheikh Hasina of trying "to keep the BNP out of politics".

"They have already detained more than 3,000 of our activists and leaders from various parts of the country," he said.

Alamgir said that, anticipating "what the verdict would be", Zia had earlier ordered that all BNP activists and leaders "refrain from any violent protests and processions".

"We call peaceful protests all across the country from Friday noon," he said.

The BNP had boycotted the last election held in 2014, demanding that the elections be held under a caretaker government.

Police use tear gas

After the verdict, supporters hit the streets of Dhaka, blocking roads and clashing with police.

Earlier, thousands of BNP leaders and activists escorted Zia’s motorcade to court despite an overwhelming presence of security forces in the capital.

Activists from the ruling Awami League and its affiliate organisations had also occupied key points of Dhaka to stop BNP supporters from demonstrating.

Anticipating blockades and protests, the government had detained several senior BNP leaders, while several others have gone into hiding.

Human Rights Watch (HRW) has called on Bangladesh's government to stop arbitrary arrests and detentions of opposition BNP activists. It also accused the government of “violating the rights to free expression and peaceful assembly” by preventing opposition supporters from demonstrating.

The HRW, in a statement on Thursday, said Bangladesh should publicly order the security forces to abide by international standards on policing demonstrations.

Brad Adams, Asia director at HRW, said it was crucial for security forces to act with restraint at all times.

"The Bangladesh government’s claims to be open and democratic ring hollow as it cracks down on political dissent," he said.

Dhaka-based group Ain O Salish Kendra said a "total of 1,786 persons have been arrested in the last eight days".

First female prime minister

Zia was catapulted into Bangladeshi politics in the early 1980s when her husband former President Ziaur Rahman, was assassinated.

She became the Muslim-majority country's first female prime minister in 1991 after democracy was restored.

In the 35 years of her political career, Zia has spent time in jail on a number of occasions. This is the first time she has been convicted.

Zia faces a total of 37 cases, charge sheets have been submitted in 17 of them.

After skipping hearings some 143 times over the past six years, Zia finally appeared before the court on October 19, 2017, and obtained bail.

Asif Nazrul, Professor of law at Dhaka University, calls it "a controversial verdict". "There are many people in the country who will view this as a politically-motivated verdict."

He added that many people would see it as a tactic for removing the main contender in the election and a way of "demonising a political opponent".

Comments

FairMan
 - 
Thursday, 8 Feb 2018

After coming Loksabha election in India; Modi have to expect the same....

GoodLuck

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News Network
June 3,2020

Washington, Jun 3: US President Donald Trump's administration on Tuesday announced investigations into foreign digital services taxes it says are aimed squarely at American tech firms.

Following a similar trade investigation against France last year, the US Trade Representative office now is looking into taxes in Britain and the European Union, as well as Indonesia, Turkey and India.

"President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies," USTR Robert Lighthizer said in a statement.

"We are prepared to take all appropriate action to defend our businesses and workers against any such discrimination."

Washington opposes the efforts to tax revenues from online sales and advertising, saying they single out US tech giants like Google, Apple, Facebook, Amazon and Netflix.

The US and France have agreed to negotiate till the end of the year over a digital services tax Paris approved in 2019, after USTR found them to be discriminating and threatened retaliatory duties of up to 100 percent on French imports such as champagne and camembert cheese.

Trump has embroiled the US in numerous trade disputes since taking office in 2017, including a months-long trade war with China that cooled with the signing of a partial deal in January.

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News Network
March 2,2020

Tezpur (Assam), Mar 2: Seven boys, who had appeared for their class 10 board examinations, were apprehended on Sunday for allegedly raping and killing a 12-year-old girl in Assam's Biswanath district, police said.

The girl was hanged from a tree after the crime.

The incident happened on Friday in Chakla village under the jurisdiction of Gohpur police station, they said.

A senior police officer told PTI that the culprits, all of them High School Leaving Certificate (HSLC) examinees, were on the run, but were nabbed by a police team.

The accused after the examination had called the victim to a house on the pretext of organising a party and raped her, the officer said.

It is suspected that the girl was raped on Friday night and then hanged from a tree in a forest near the house, the senior police officer said.

The body was found on Saturday.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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