"Orders have been issued to track down the owner and the captain of (sunken) Pinik-6 along with three others as a case has been lodged against them on murder charges," deputy commissioner of central Munshiganj, where the accident took place, told reporters.
He said the order was issued as the state-run Bangladesh Inland Water Transport Authority (BIWTA) alleged that the owner and the captain were responsible for the disaster as they overloaded passengers, plied the ferry with an expired license and disregarded its instructions not to sail due to bad weather conditions.
Deaths of 10 passengers of the ill-fated ship have been confirmed with police also recovering the body of a woman in a river in Barisal believed to be a victim of the capsize.
BIWTA officials earlier said under the expired licence, the ferry was allowed to carry 85 passengers, but had nearly 250 people on board when it capsized.
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Inclement weather disrupted the rescue work as strong currents stirred up silt in the river which may have pushed the wreckage downstream from the site where the accident took place.
Strong current in the turbulent river apparently upturned the ferry about 30km southwest of the capital on Monday while it was carrying nearly double the number of passengers than its capacity.
Over 100 passengers, however, were rescued alive by vessels and speedboats within hours of the accident.
Ferry accidents are common in riverine Bangladesh -- criss-crossed by some 230 river especially in the southern and northeastern regions -- with faulty design of boats and poor safety standards generally blamed for the disasters.