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.
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.
The interim government has already contacted various foreign organisations seeking their assistance