Economic Reporter //
TIB Executive Director Dr. Iftekharuzzaman believes that it will not be possible to determine the exact amount of money laundered from Bangladesh. He made this comment at a program organized by ERF on Saturday (November 2).
Dr. Iftekharuzzaman said that the governor said that the $17 billion laundered from the banking sector was actually higher. Influential people close to the then government laundered $12-15 billion a year under the guise of the banking sector and trade.
The TIB Executive Director said that work has already started to return the money laundered in the US, UK and European Union countries. The government has already held meetings with the US and UK. If even a single penny is returned within the next two years, that will also be a big achievement.
He said, “The influential people who introduced the culture of loan default in Bangladesh used to sit in five-star hotels and formulate banking sector policies. Bangladesh Bank used to only announce those policies.”
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