The Transparency International Bangladesh (TIB) praised Beximco Group saying as a leading organization in the private sector, its contributions to the country's economy are undeniable.
The view was expressed by Sultana Kamal, chairperson of the anti-corruption agency's board of trustees, in a letter addressed to Beximco Chairman Sohail F Rahman, TIB said in a statement.
The TIB on September 13 criticized the Bangladesh Bank for allowing the Beximco's loan rescheduling, in response to which the Beximco chairman wrote a rejoinder to Sultana Kamal.
In her letter to Beximco, Sultana Kamal said, the company played an active and multilateral role in the domestic and international markets is well-known.
Moreover, Beximco's business model and practice will be imitable for other small and large private sector organizations in terms of establishing integrity in the sector, she added.
The objective of the TIB was not to make negative remarks about Beximco or its vice chairman Salman Fazlur Rahman, Sultana wrote in the letter.
TIB expressed concerns over the "lackluster" role of the Bangladesh Bank at a time when the banking sector was on the verge of a crisis, she explained.
As an institution committed to public service, Bangladesh Bank failed to play its role as a regulator, the noted human rights activist said.
"TIB believes that criticizing this and demanding effective measures fell within the moral duties of the institution."
TIB's letter stated that its objective was not to make any insinuation at anybody.
It also explained that Beximco Group's contributions to the economy, like other prominent private sector organizations, are duly valued by TIB.