Article

2006-04-23 Bangladesh

RAB member chopped to death by miscreants

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Posted by Steve White 2006-04-23 00:27|| || Front Page|| [11125 views since 2007-05-07] Top

#1 You know, one might actually want to have the exchange rate handy before saying that's a big stash. I don't know what sort of inflation Bangladesh has been going through lately, but if people are putting their money into gold the way the victim might have been it suggests it's bad.

Posted by Phil 2006-04-23 00:45|| 2006-04-23 00:45|| Front Page Top

#2 The pieces ~~injured~~ of Delwar was rushed to the Combined Military Hospital (CMH) with serious injuries on different parts of his ~~body~~ parts, where the attending doctors declared him dead.

wait till 6 sees this.

Posted by RD 2006-04-23 03:39|| 2006-04-23 03:39|| Front Page Top

#3 They chopped him indiscriminately with sharp weapons at around 10.30
Bad business this. First RAB death by cross cut.

Posted by 6 2006-04-23 07:31|| 2006-04-23 07:31|| Front Page Top

#4 You get a much finer kerf that way.

Posted by Nimble Spemble 2006-04-23 07:44|| 2006-04-23 07:44|| Front Page Top

#5 I found a good exchange rate calculator
Linky
Turns out 2700 taka is $38.86 USD
Not much money

A weight converter
secondlinky
puts seven tolas at 2 troy ounces of gold, at current gold price this is about USD $630 for a two ounce take of $1260
goldlinky
total of both thefts is USD$1300 (Aprox)

This doesn't really translate into much as far as American money goes, but since an average pay in Bangla is about pe 444 US dollars. banglalinky this translates into about 3 months pay, a pretty good sum, but nowhere near a fortune.
(I'm trying a new form of link, no more page explosions, I hope)

Posted by Redneck Jim 2006-04-23 11:35|| 2006-04-23 11:35|| Front Page Top

#6 Damn, none of the links worked

Posted by Redneck Jim 2006-04-23 11:35|| 2006-04-23 11:35|| Front Page Top

#7 This will hopefuly post the links.

Money Converter
http://finance.yahoo.com/currency/convert ?amt=2700&from=BDT&to=USD&submit=Convert
(Link broken with a space between convert and the Question mark, close the space for the full link)

Weight and Mass converter
http://www.onlineconversion.com/weight_all.htm

Live Market Gold Quotes
http://www.kitco.com/market/index.html

Bangladesh Information MOFA (Ministry of Foreign Affairs)
http://www.mofa.gov.bd/publications.htm

Posted by Redneck Jim 2006-04-23 11:45|| 2006-04-23 11:45|| Front Page Top

#8 The gold is probably his wife's dowry and family savings.

Many families in the Indian subcontinent have savings in jewelry. There is a lack of education on other forms of investment.

Gold jewelry there is not 14 karat, it is 24 karat and sold by weight.

International prices of gold goes up after a good monsson and harvest by Indian famers.
Something like 25 percent of all the gold ever mined is in India as women's jewelry.

Posted by john 2006-04-23 17:28|| 2006-04-23 17:28|| Front Page Top

#9 These bandits must be awfully well connected or really stupid to take on the RAB.

Posted by john 2006-04-23 17:29|| 2006-04-23 17:29|| Front Page Top

#10 Hi Jim! The amount was 27,000, not 2,700.

Which would make it about $ 3,800.00.

And while this may be a lot of money in Bangladesh, it needs to be compared to what people over here would have in the bank.

And it could be money/gold that was the wife's dowry, and/or money/gold for a daughter's dowry as well, if they were thinking ahead...

Posted by Phil 2006-04-23 17:41|| 2006-04-23 17:41|| Front Page Top

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