The panel discussion included representatives from BFIU, Bangladesh Bank and scheduled banks as well as officials from the Anti-Corruption Commission, Bangladesh Police, Criminal Investigation Department (CID) and Central Intelligence Cell of the National Board of Revenue. The conference stressed the importance of ensuring good governance in the banking sector, addressing emerging technology-driven risks, advancing digital […]
The report said such illicit financial flows are a major obstacle to development and good governance. They weaken domestic resource mobilization, reduce tax revenues, and hinder funding for public services and infrastructure investment. According to the GFI, larger economies tend to see higher levels of illicit financial flows due to their greater trade volumes. For […]
Former Law Minister Anisul Haq and his personal assistant (PS) MD Rashedul Kawsar Bhuiyan have been arrested in a money laundering case, which was registered on charges of collecting around Tk 2.5 billion through extortion and money laundering. Dhaka Metropolitan Magistrate Mohammad Ehsanul Islam accepted the petition from the Criminal Investigation Department (CID) seeking his […]
In October last year, lawyers representing S Alam and his family formally filed an arbitration claim with ICSID, headquartered in Washington, DC. The claim alleges that the Bangladesh government caused hundreds of billions of dollars in losses by freezing assets and taking other punitive measures on allegations of illegal money laundering. In their application, the […]
It is a chronic disease, it is contagious, and like any other dangerous disease, prevention is better than cure. Once this infection spreads its strong tentacles, it is often untreatable. It squeezes the life blood out of all morality, honesty, integrity or any such values and principles. It is a deadly disease, Benjis. Given the […]
Fundamental weaknesses have been exposed in the entire economic system. Comprehensive qualitative changes are required, otherwise it will not be possible to overcome the crisis. Wahiduddin Mahmud raised the question whether any such initiative was taken from the highest level of the government. The government is continuously taking foreign loans. Expenditure on interest has increased […]
Dr Muhammad Yunus, 84, had earlier expressed his helplessness in having to face various problems, including litigation, at this stage of his life. He said he sees the iron cage of the accused as a symbol. Dr Yunus said that he is actually living a “cursed life”, adding, “I have nothing to do here. It […]
According to the ACC, the Grameen Telecom board decided to open a bank account to share profits with employees in a meeting held on May 9, 2022. Its chairman Dr. Yunus and managing director Nazmul Islam were present in the meeting. As per the decision, they opened a bank account at the Gulshan branch of […]
An announcement in this regard is likely to be made at the time of presentation of the national budget on June 6. Two years ago, an opportunity was given to legalize undeclared money with a 10 percent tax. But later it was cancelled due to lack of response. Although the next year an opportunity was […]
It said former National Bank executive vice-chairman Mahfuzur Rahman, former managing directors Shah Abdul Bari and Choudhary Moshtaq Ahmed, former additional managing director A Wadud and ASM Bulbul helped Ron in the laundering. Meanwhile, the ACC accused Rick Haq of spending Tk 26.3 million over the limit using credit cards abroad from 2017 to 2021.
According to the negotiations, the employees demanded an advance of 250 million taka as lawyers' expenses. This fund was for this purpose and the employees had given written consent in this regard. Abdullah Al Mamun also mentioned that the special space in the contract was left blank because employees were delaying opening bank accounts. Later, […]