The million-dollar question is: how can Bangladesh recover the laundered money that has crossed its borders?
Rashtra Sangskar Andolan has urged the formation of a special economic tribunal to recover money siphoned out of the country
When asked whether it was possible to bring back all the laundered money from abroad, the finance adviser said the government is trying in this regard, but the overall amount is huge
The interim government is set to enact a special law aimed at streamlining the recovery process of money laundered during the Sheikh Hasina regime.
Bangladesh Bank (BB) Governor Ahsan H Mansur will visit the United Kingdom (UK) as a part of efforts to recover laundered assets.
The CID media cell confirmed the arrest via an SMS
NBR permission is setting a bad example, destabilising the housing market
A meeting between BFIU and managing directors of the banks made the decision
The latest global corruption index again paints a troubling picture
Bangladesh has intensified its efforts to sign bilateral deals with different countries with the view to recovering funds illegally taken abroad, said Bangladesh Bank Governor Ahsan H Mansur.
Between $12 billion and $15 billion was siphoned out of the country every year over the last 15 years, said Iftekharuzzaman, executive director of Transparency International Bangladesh.
Financial statements of former MP Kazi Nabil Ahmed and his brothers’ famed British tea enterprise offer a rare glance into how powerful people in Bangladesh take their money to the UK via Asia’s business hubs.
Following the fall of the Awami League government, efforts are underway to explore ways to bring back the stolen wealth.
The High Court today sought to know updated information about the probe into money laundering allegations against S Alam Group. The court asked the Anti-Corruption Commission (ACC) lawyer Shaheen Ahmed to place the information before it on September 29.
The overseas assets of S Alam Group, including those in Singapore, came under scrutiny following recent media reports.
The Criminal Investigation Department has filed 17 cases against 28 persons including Salman F Rahman, vice-chairman of Beximco Group, over laundering about Tk 1,000 crore ($83 million) abroad under the guise of export trade.
Bangladesh has sought assistance from the UK to investigate the overseas wealth of allies of former prime minister Sheikh Hasina, as the new government intensifies its crackdown on members of her ousted regime, The Financial Times (FT) reported
The government will form a taskforce to recover money syphoned out of Bangladesh, said Finance and Commerce Adviser Salehuddin Ahmed
Beximco Group laundered at least $135 million by exporting goods through 18 companies without repatriation of the export value, said the Criminal Investigation Department (CID) yesterday.
