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 central bank’s deviation from the policy commitment is the main reason why hundi-makers mushroomed at home and abroad.
As members of a powerful syndicate, they allegedly manipulated tenders left and right and took cuts from numerous contracts across government offices in Faridpur.
Rapid Action Battalion have arrested two associates of former NRB Global Bank Managing Director (MD) PK Halder, as they were attempting to flee the country.
East India Company colonised Bengal in 1757 when India’s contribution to the world’s GDP was about 27 per cent and Bengal (Suba-E-Bengal) was one of the wealthiest places on Earth.
"The people of Bangladesh are in heaven compared to other countries amid the global recession," said Foreign Minister Dr AK Abdul Momen today (August 12, 2022).
Different political parties including the main opposition in parliament today came down heavily on the government’s inaction in knowing the names of money launderers hiding their wealth in the Swiss Bank.
The rise in fuel prices is an illogical decision that will only harm ordinary citizens and fail to deal with the root causes of the crisis that Bangladesh is currently facing.
Fighting tax evasion, preventing trade-based illicit financial outflows and ending the culture of money laundering and loan defaults is a much more sustainable solution to adding to foreign exchange reserves than taking foreign loans on interest.
India’s Enforcement Directorate today (July 19, 2022) said it has filed a charge sheet in a special court in Kolkata against former NRB Global Bank MD and Bangladeshi national Proshanto Kumar Halder aka PK Halder and five of his associates in a money laundering case and attached their properties worth Rs 7.56 crore.
A special court in Kolkata today extended the judicial custody of Prashanta Kumar Halder, former MD of NRB Global Bank, to 14 more days in connection with a case of money laundering in India.
