Court Correspondent: The High Court (HC) yesterday issued a rule asking authorities concerned to explain in a week as to why it shall not declare illegal a circular of Bangladesh Bank (BB), fixing minimum salaries for the employees’ of private banks in the country.
A High Court division bench of Justice Mamnoon Rahman and Justice Khandaker Diliruzzaman passed the order after holding a hearing on a writ filed by one investor Farhad Bin Hossain.
The court asked the Finance Secretary and Bangladesh Bank Governor to reply to the rule within a week. The court also appointed four senior lawyers as amici curiae to take their expert opinions on the matter. The four amici curiae are- Attorney General AM Amin Uddin, Ajmalul Hossain QC, Rokonuddin Mahmud and Probir Niogi.
Barrister AM Masum and Saifur Rahman Rahi moved the writ before the court, while Deputy Attorney General Bipul Baghmar stood for the state.
Relying on revenue to meet budget deficit Savings certificates, bonds and loans taken from…