The Anti-Corruption Commission (ACC) has advised the government not to issue licences to any banks or other financial institutions under political consideration.
The advice came in a report prepared by the commission, which will be submitted to the High Court next week, said ACC lawyer Khurshid Alam Khan.
In its report, the ACC also advised the government to constitute a powerful board bringing together skilled, experienced and honest people from the Bangladesh Bank, universities and other organisations to help recover unpaid loans.
An aggressive loan recovery drive might be conducted by forming a strong taskforce led by the board, according to the report.
The report will be submitted to the High Court bench of Justice Md Nazrul Islam Talukder and Justice Mohi Uddin Shamim, said the ACC lawyer.
The High Court bench has recently passed a series of orders over the big financial scams of the country and wanted to know the roles of the central bank, ACC and other relevant agencies.
As part of complying with the order, the ACC has prepared the report, said the lawyer.
The report also suggested that leasing companies should follow the rules adopted by the scheduled banks while sanctioning the loans. Auditing and monitoring functions of the institutions can be further strengthened, argued the report.
The tendency of sanctioning loans through the directors of the organisations and the persons or organisations concerned with their interests can be stopped, the report insisted.
In an order passed on December 17 last year, the High Court vented its anger at the role of the Anti-Corruption Commission as the anti-graft body failed to submit the names and addresses of the persons, especially the government officials who are involved in laundering money to Canada, Singapore and Malaysia.
During the hearing of a case, the High Court told the ACC lawyer, "You are repeating the same thing. We want to know what you have done over those who are in Canada, Singapore and Malaysia."
"We have heard many names through TV and newspaper reports. They had laundered huge amounts of money abroad and built luxury mansions there. How are they doing so? Couldn't we know their names?" questioned the High Court.
After completing the hearing, the High Court wanted to know the names and addresses of Bangladeshi nationals, who stashed away money abroad and purchased houses in foreign countries, including Canada and Singapore.
It also wanted to know what steps have been taken against them.
The court directed the ACC authorities and the government to place separate reports before it by last February.
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