Transparency International Bangladesh (TIB) has strongly criticized the government’s inclusion of a provision in the Bank Resolution Act 2026 that allows former shareholders of weak banks to regain ownership without accountability. In a statement issued on Monday, April 13, TIB described the move as a ‘suicidal’ initiative that effectively rehabilitates identified looters and risks turning the banking sector back into a haven for corruption and plunder.

TIB Executive Director Dr. Iftekharuzzaman said the new law replaces earlier accountability measures from the 2025 ordinance with immunity for those responsible for bank failures. He argued that the decision rewards wrongdoers instead of ensuring justice and reflects a continuation of authoritarian practices in the financial sector. The statement also questioned the feasibility of repayment terms offered to former owners and the Bangladesh Bank’s ability to enforce them.

TIB warned that restoring ownership without proper legal accountability will prevent any qualitative reform in the sector and contradicts the ruling party’s electoral commitments. The organization urged the government to reconsider what it termed a self-destructive and interest-driven decision.