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5 lakh depositors swindled by Jamaat's farmer wing

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Bangladesh Chashi Kalyan Samity (BCKS), farmers' wing of Jamaat-e-Islami, but also registered as an NGO, remained the party's financial front through illegal banking in at least 17 districts over a decade, sources say. Following a changed scenario after 1/11, the NGO has shut down its offices and swindled a huge amount of money collected through deposits, special deposit schemes and investment on loans among members since 1997. The BCKS business was also unlawfully sold to Jamaat supporters for covertly continuing the financial activities.Dissident BCKS officials, involved Jamaat leaders and victims say the accurate amount of misappropriation cannot be found out without proper inquiry. But they add the figure would be minimum Tk 100 crore collected from about five lakh people. The sources say each of seven BCKS branches in Rajshahi earned around Tk 2.5 crore annually and the NGO staffs were engaged in misappropriation from the very beginning. A large number of officials and emp