The number of multimillionaire depositors in Bangladesh has increased by 6,473 over the last one year, according to a Bangladesh Bank report released on Wednesday.
As of June, the number of multimillionaires stood at 68,891, compared to 62,418 last year, the report noted.
The number of multimillionaire account holders in commercial banks rose by 2,940 over a span of three months and by 3,094 over a six-month period.
Khandkar Ibrahim Khaled, a former central bank deputy governor, said: “The rise in the number of multimillionaires indicates that the banking sector has been held hostage by the rich. And this happened due to a shift away from welfare economics to capitalism.
“It is certain that Bangladesh is currently a capitalist economy, with a monetary policy akin to that followed in the United States. The policy is an exploitative one, as it allows people to earn money by any means and from any source.”
Dr AB Mirza Azizul Islam, a former advisor to the caretaker government, said: “Many were depositing their money in banks as the investment situation in Bangladesh is not good. Those who kept money in banks under double schemes six or seven years ago have seen their money double. This has helped increase the number of multimillionaires.”
With the rise of multimillionaire depositors, a certain section of the society was gradually continuing to become rich, he said. As a result, social discrimination was also increasing.
This article was first published on Bangla Tribune