Transparency International Bangladesh (TIB) yesterday asked the authorities to immediately publish details of the memorandum of understanding (MoU) signed on Wednesday between India's Sahara group and Rajuk for investment in low-cost township schemes in Bangladesh.

“For the sake of establishing good governance, accountability and ensuring people's right to information, the contents of the MoU should be published,” Dr Iftekharuzzaman, executive director of TIB, said in a statement.

While praising Rajuk's initiative to provide housing for low-income families, Iftekharuzzaman demanded transparency in every phase of the project.

"TIB opines that it would not be wise to take any decision on a valuable sector like land without conducting a long-term cost-benefit analysis and risk assessment,” he added.