Realtors urge graft-busters to change methods to encourage investment in Bangladesh

Housing business leader Shamsul Alamin has urged the Anti Corruption Commission to change its way of operations instead of springing so-called 'surprises'.

The president of the Real Estate and Housing Association of Bangladesh (REHAB) says the corruption watchdog should work 'differently' to create an environment of investment in the country.  

"The people will hide and smuggle money out of the country if (the ACC) creates panic by sending letters," he told a news conference on the association's 25th anniversary on Tuesday.

"The ACC will have to work to close the avenues of earning money in corrupt ways by stopping the so-called surprise moves in order to create opportunities so that the country's money can be invested in it," he said.

The REHAB president's remarks come amidst allegations that money is being smuggled out and invested in the housing sector overseas.

He also emphasised digitalisation at government offices to reduce corruption.

Alamin revealed REHAB's plan to house 90 percent of urban people in apartment buildings within the next 25 years.

"REHAB will provide at least 1 million flats by this time. A large number of these flats will be in Purbachal Satellite City," he said.