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.
"There is nothing to worry about the new visa policy," he said
The awareness regarding trade-based money laundering was low four years ago, but over- and under-invoicing of values have reduced as prices are monitored, said ABB Chairman Selim RF Hussain.
The key to the ACC’s effectiveness in delivering its mandate is independence, especially when setting the example that, in handling allegations of corruption, it is guided by equality before law, and not by the status or identity of the individual depending on their political, governmental, or other connections.
Sabiha Saiki Fashion shipped 85 consignments worth Tk 22 crore through Ctg port in the last three years using fake documents
A huge amount of money is being laundered from Bangladesh to different countries, including Canada’s Begumpara and the UAE’s Dubai, said Agriculture Minister Muhammad Abdur Razzaque.
The Criminal Investigation Department has found involvement of at least 30 people in laundering Tk 2,000 crore while investigating a case filed against two Faridpur brothers Sajjad Hossain Barkat and Imtiaz Hasan Rubel.
Bangladesh’s conglomerates have lost Tk 65,000 crore over the past one year because of the fluctuation of the value of the taka against the US dollar as loans have become costlier due to the volatile global economy, said a noted economist yesterday.
Money laundering cases are not making much headway for a lack of cooperation from foreign countries, bureaucratic complexities and a shortage of skilled lawyers, said officials of the Anti-Corruption Commission.
We are told that taka is available, and then it’s not there anymore.
While the government is distracted by elections, the financial economy will suffer
