Bangladesh
Finance Minister | Black Money Land and flat owners in Dhaka have black money: Finance Minister
Own Correspondent, Dhaka, June 16: Finance Minister AHM Mustafa Kamal has said that all those who have land and flats in Dhaka own black money.
He said this while responding to a question from reporters after a meeting of the Cabinet Committee on Economic and Procurement chaired by Finance Minister AHM Mustafa Kamal on Wednesday.
The minister said, "Those who have land, plots and flats in Dhaka are all owners of black money. The government is responsible for this, our system is responsible for this. The actual price of the land that will be purchased in Gulshan area today is much higher than the price at which you will register the land. But you cannot register at a higher price. The price is fixed for each mouza, it cannot be sold at a higher price. So the black money is there. Who is out of black money?"
The minister said the reality is that the flat that is being registered for Tk 2 crore costs Tk 10 crore. As a result, the government is not getting additional registration fee. The money outside the value mentioned in the registration here became black money. Everyone has to understand these. It is objective to talk in a way that is realistic.
Mustafa Kamal said, "When I try to bring black money into the country, it is said that I am indulging in 'whitening black money'. I say again and again it is 'undisclosed' money, there is nothing to be ashamed of. The government itself is responsible for this. I was also in charge at one time, I saw if the price could be increased, but I could not."
"When the smuggled money will be brought back, we think a portion of that money will be invested in the capital market; There will be investment in various industries, trade and commerce. We are looking at this in anticipation," he added.
When asked if he was under pressure over the smuggled money, the minister said, "I am not under any pressure. I will do what I say. I don't come back half way. When I encouraged remittances, there was a lot of criticism that money would not come, nothing would happen, money would be smuggled. But it has come, it has not just come, it has become a historical record. We have made a record that would never have been possible."
