More than two and a half years after his arrest by India’s Enforcement Directorate (ED) in a money laundering case, Bangladeshi businessman Prashanta Kumar Halder, known as PK Halder, walked out of jail after a special court in Kolkata granted him bail.
The Anti-Corruption Commission has decided to launch an investigation against former prime minister Sheikh Hasina and her son Sajeeb Wazed Joy on allegations of laundering $300 million to the United States.
Corruption, embezzlement, and money laundering have been endemic in Bangladesh but reached new heights during the last 15 years of the now-toppled regime led by the Awami League.
The spirit of 1971 lives on, and it is up to the present generation to ensure that its promises are fulfilled.
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.
Sadly, the country does not seem to be effectively using any of the tools to recover laundered money.
In what seems like a story straight out of a Netflix crime drama, a whopping Tk 821 crore has been laundered out of Bangladesh
In one of the biggest money laundering scams unearthed so far in the country, customs authorities have found that 33 readymade garment factories and buying houses laundered at least Tk 821 crore over the last six years.
A petition has been filed with the Appellate Division of the Supreme Court seeking stay on a High Court order that asked the authorities concerned to probe allegations against the owner of S Alam Group of amassing huge amounts of properties abroad without Bangladesh Bank's permission
Eleven more properties were issued with prohibition of disposal orders in the billion-dollar anti-money laundering case involving foreigners from Fujian, said the Singapore police yesterday.
Ten people were charged yesterday after police conducted simultaneous raids across Singapore as part of an investigation into money laundering and forgery offences
S Alam Group on Monday submitted two petitions, one seeking to be made a party to a probe ordered by the High Court, and the other seeking a retraction of the probe and a gag order on media
The High Court yesterday declined to entertain a verbal appeal for recalling its August 6 order that had asked government authorities to probe the allegations that S Alam Group owner Mohammed Saiful Alam is running offshore businesses without Bangladesh Bank’s permission.
The HC order came after The Daily Star published an investigative report on August 4 on S Alam's business empire worth at least about $1 billion in Singapore
A legal notice was served on the government, four editors of national newspapers, including The Daily Star, and seven journalists of the dailies on Thursday for reports the dailies published on Mohammad Saiful Alam and S Alam Group.
