High-powered taskforce formed to recover BB money

The government has formed a high-powered taskforce to recover the money hacked from the Bangladesh Bank's account with the US Federal Bank in New York.

According to a notification issued today, Bank and Financial Institutions Division Secretary Yunusur Rahman will head the taskforce while its other members are one representative each from the Prime Minister's Office, Attorney General’s Office, Foreign Ministry, Home Ministry and Bangladesh Bank.

The director general of the Financial Intelligence Unit of the Bangladesh Bank will act as member secretary of the taskforce.

The taskforce will review and analyse the legal processes of Bangladesh and other countries concerned to recover the stolen money of the central bank.

The taskforce will also set up communications with other countries where Bangladesh's money was transferred and take reciprocal legal help from each other.

The taskforce will take initiatives to ensure internal coordination and maintain communication with all concerned locally and internationally, coordination with the international agencies in recovering the money. If necessary, the taskforce will take help of international agencies in this regard.

It will take required initiatives by time to time analysing the directives and advices, issued by Bangladesh Bank, in recovering the money. If necessary, the taskforce can co-opt one or more members on the basis of its members' consensus.

Bangladesh Bank's financial intelligence unit will provide all secretarial supports to the taskforce while all departments and ministries will extend cooperation to the taskforce to run its activities, said the notification.