he was a strong man but he had tears in his eyes when he saw pictures of the 1971 Bangladesh genocide. He told Frost that "I am a very generous man. I always believe in forgive and forget but this is impossible on my part to forgive and forget. This was cold blooded murder in a planned way; genocide to kill my people. These people must be punished". Speaking about a potential war crimes trial, Mujib said "the world powers arranged the Nuremberg trials against the war criminals of fascist Germany. I think they should come forward and there should be another trial or inquiry under the United Nations". Mujib pledged to hold a trial for those accused in wartime atrocities. An estimated 11,000 local collaborators of the Pakistan Army were arrested. Their cases were heard by the Collaborators Tribunal. In 1973, the government introduced the International Crimes (Tribunal) Act to prosecute 195 Pakistani PoWs under Indian custody. In response, Pakistan filed a case against India at the International Court of Justice. The Delhi Agreement struck a compromise between India, Pakistan and Bangladesh after the three countries agreed to transfer PoWs to Pakistani custody. However, the foreign minister of Bangladesh stated that "the excesses and manifold crimes committed by those prisoners of war constituted, according to the relevant provisions of the UN General Assembly resolutions and international law, war crimes, crimes against humanity and genocide, and that there was universal consensus that persons charged with such crimes as [the] 195 Pakistani prisoners of war should be held to account and subjected to the due process of law". In 1974, the Third International Criminal Law Conference was held at the Bangladesh Institute of Law and International Affairs; the meeting supported calls for the creation of an international penal court. Economic policy Mujib declared socialism as a national policy. His land reforms restricted land ownership to less than 25 bighas of land which effectively ended all traces of the zamindari system. Land owners with more than 25 bighas were subjected to taxes. Farmers had to sell their products at prices set by the government instead of the market. Mujib nationalised all banks, insurance companies, and 580 industrial plants. There was little foreign investment. The stock exchange remained closed. In 1974, the government sought to invite international oil companies to explore the Bay of Bengal for oil and natural gas. Shell sold five