Employees of Bangladesh Shilpo Rin Sangstha (BSRS) urged the government not to implement the wrong decision of just departed Caretaker Government (CG) in merging the profit earning BSRS with the Bangladesh Shilpo Bank (BSB).

Reliable sources from BSRS said The New Nation that a vested interest mongering quarter has desperately been engaged to activate the merging process of two organisations despite knowing that BSRS itself stands on farm footing and keeping remarkable contributions to the national economy through financing the country's thrust industry sector. Being founded in 1972 through the BSRS Act, signed by the father of the Nation, Bangabandhu Sheikh Mujibur Rahman, the organisation bears the records of earning expected profit since its beginning.

The present market value of 19 stories BSRS Bhaban on 120 Kathas of land at Karwan Bazar stands at more than Tk. 400 crores, price of 120 Kathas of land at Mirpur Dhaka stands more than Tk. 40 crores, prices of share, debenture and mutual fund bought at Tk. only 73 crores now stands at Tk. 600 crores and outstanding to various organisations stands at Tk. 1500 corers which comes a total of Tk 2500 corers property of the BSRS.

Conspiracy is going on to sell an organisation of such huge Tk. 2500 corer's property only at Tk. 530.12 corers. It is alleged that some sources closed to IMF and World Bank are engaged in the game to capturing the thousands of corer's property, BSRS at a minimal price. Depositing huge amount of income tax and dividend to the government exchequer, generating huge number of employment opportunities and having no liability of BSRS to any local and foreign organizations.

As an active member of Dhaka Stock Exchange, BSRS has been regularly participating in buying and selling of shares and securities and keeping notable contribution to strengthening the country's capital market through operating brokerage house. Taking the advantage of weakness of last Caretaker Government, the then Chairman of BSRS Board managed to appoint himself as Chairman of BSB board too, and similarly he influenced to make give the responsibility of MD of BSRS and BSB to a same person. Not only this, aiming at keeping the merging process active the Chairman also managed to approve 1 year's extension of the MD of BSRS violating the government regulations.

Accordingly, without examining the decision of the Caretaker Government, the present government after taking over the office in January this year reappointed the previous MD for 1 year as contact basis. Day to day activities of both the organisations is being tremendously hampered due to the said crises. In a situation when both BSRS and BSB are passing such a crucial time the Chairman and Managing Director have been approving projects of corers taka without examining the viability of them. Even the opinions of senior officials of the concerned divisions are also not being cared in this regard.

Chairman never tries to care the opinion of general officials, which has generated anguish among the employees that can go outburst at any moment. Employees are wondered of his power that was able to create influence during the Caretaker Government and still engaged in destroying the organisation, founded by the father of the nation even amid the present democratic regime. Officers and employees of all the levels of BSRS vehemently protests the merging process and strongly demanded to reconsider the anti people decision in the cabinet meeting and through the relevant Parliamentary Standing Committee, so that the government property can be saved for the interest of industrialization in the country. BSRS employees registered Memorandum twice to the Prime Minister, Sheikh Hasina to draw her notice in saving the organisation.