Loan-defaulter made Bangladesh central bank chief; Jamaat trains guns on BNP govt
India Today
A controversy has erupted over the appointment of the Governor of Bangladesh Bank. The BNP-led government abruptly ended the tenure of the Muhammad Yunus-era governor, Ahsan Habib Mansur. Mostaqur Rahman, a businessman with no banking experience and a history of defaulting on loans, was given the post, leading to fierce criticism from Jamaat-e-Islami chief Shafiqur Rahman.
The appointment of Mostaqur Rahman as the Governor of Bangladesh Bank, the country's central bank, has set off a firestorm, with Jamaat-e-Islami chief and Opposition leader Shafiqur Rahman attacking the Tarique Rahman-led government. The abrupt end to the tenure of Ahsan Habib Mansur, an appointee of the Muhammad Yunus-led interim regime, and Rahman's appointment, was described by the Jamaat Ameer as "the formal beginning of mob culture backed by the current government".
"I have not resigned, nor have I been removed. I saw it in the media, so I am going home," Mansur told reporters on Wednesday as he left the Bangladesh Bank headquarters wading through a mob, reported The Daily Star.
Mostaqur's appointment marks a break with tradition for Bangladesh, as previously, all appointments to the top post at Bangladesh Bank had been practically reserved for central bankers, economists or senior civil servants. Mostaqur is a businessman within Bangladesh's extensive garment sector, with no experience of banking to speak of. And he brings with him a history of defaulting on loans.
But what has made Mostaqur's appointment a sore point for many in Bangladesh, is the fact he was brought in after the unceremonious dismissal of Mansur, a respected economist who stabilised the country's currency and propped up its foreign currency reserves in the chaotic months that followed the ouster of the Sheikh-Hasina-led Awami League government.
He was dismissed prior to the completion of his term in 2028, and by his own admission, he learnt of his removal, not through official channels, but through TV news bulletins.
In a country where the central bank's reins are usually only handed to bankers, economists and civil servants with decades of relevant experience, Mostaqur Rahman stands out as a glaring exception.
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