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.
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
Govt should overhaul ailing sectors, ensure accountability
International support will be taken to bring them to book, says Ahsan H Mansur
Recover bad loans, punish those who exploited the sector
Those who were involved in stealing funds from the country must be held accountable.
A Dhaka court today issued a travel ban on four officials of the Premier Bank PLC, including its Additional Managing Director Md Shahid Hassan Mallik, in connection with allegations of laundering about Tk 3,000 crore through sanctioning fake loans to 43 suspicious institutions which exported manufactured garments.
