Mansur said Bangladesh had requested mutual legal assistance from several countries, including the UK
Bangladesh Bank Governor Ahsan H Mansur said the central bank may pursue financial settlements with business tycoons accused of syphoning off money abroad when Sheikh Hasina was in power, according to a report by Financial Times (FT).
Wieger Wielinga, managing director of Omni Bridgeway, speaks with The Daily Star breaking down the concept of litigation funding.
About $18 billion to $20 billion was laundered abroad during the Awami League regime, said Bangladesh Bank Governor Ahsan H Mansur yesterday.
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.
A government taskforce will investigate the country’s 10 major business groups’ alleged money laundering and other misdeeds.
A total of $234 billion was siphoned off from Bangladesh between 2009 and 2023, according to the white paper on the state of the economy.
Bangladesh has lost around $14 billion a year on average to capital flight during the Awami League’s 15-year tenure, according to the draft report of the committee preparing a white paper on the economy.
Britain expects the interim government to lay out the vision of how it will restore peace, democratic governance, and promote national reconciliation, said UK Minister for the Indo-Pacific Catherine West.
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.
