Dhaka, Nov. 29 -- Shafiqur Rahman, chief of the Jamaat-e-Islami, has said many foreign investors are reluctant to invest in Bangladesh due to political "instability and corruption".

On Saturday, he said, despite independence, Bangladesh has yet to create the "desired comfort and facilities for domestic and foreign entrepreneurs".

"When we sit with foreign friends and invite them to come, they ask, 'Where would we come? Your country is not stable. There is rampant red tape and bureaucracy. Your country poses threats to my life and my investments. I cannot come here without assurance of my funds' safety'."

He added that many other countries can provide the secure and reassuring environment that investors demand. "You assert the environme...