Govt must stay the course to recover stolen assets
The government has decided to create a fund to compensate victims of financial irregularities by using money and assets recovered from alleged embezzlers and money launderers.
Funds include $1.3 billion from IMF
Bangladesh Bank will soon announce its monetary policy for the second half of the ongoing fiscal year (2024-25) with the aim of addressing several economic challenges plaguing the country.
The central bank governor made this remark while inaugurating the Golden Jubilee Celebration of Bangladesh Institute of Bank Management (BIBM) in the city.
He also said that legal action would be taken against the S Alam Group chairman and other officials for their alleged crimes in the banking sector
The immediate past Awami League government’s failure to settle an international arbitration claim has left Bangladesh in a legal tangle in the US, leading to a surprise judicial order against two top officials of the interim government during their official visit to Washington last week.
A US court on Thursday issued “bench warrants for the arrest” of Finance Adviser Salehuddin Ahmed and central bank Governor Ahsan H Mansur whom a power company wants to testify, as it seeks to enforce a collective $31.9 million in arbitration awards against Bangladesh.
The meetings will take place in between October 21 and October 26
Govt must stay the course to recover stolen assets
The government has decided to create a fund to compensate victims of financial irregularities by using money and assets recovered from alleged embezzlers and money launderers.
Funds include $1.3 billion from IMF
Bangladesh Bank will soon announce its monetary policy for the second half of the ongoing fiscal year (2024-25) with the aim of addressing several economic challenges plaguing the country.
The central bank governor made this remark while inaugurating the Golden Jubilee Celebration of Bangladesh Institute of Bank Management (BIBM) in the city.
He also said that legal action would be taken against the S Alam Group chairman and other officials for their alleged crimes in the banking sector
The immediate past Awami League government’s failure to settle an international arbitration claim has left Bangladesh in a legal tangle in the US, leading to a surprise judicial order against two top officials of the interim government during their official visit to Washington last week.
A US court on Thursday issued “bench warrants for the arrest” of Finance Adviser Salehuddin Ahmed and central bank Governor Ahsan H Mansur whom a power company wants to testify, as it seeks to enforce a collective $31.9 million in arbitration awards against Bangladesh.
The meetings will take place in between October 21 and October 26
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
