In recent months, several groups allegedly linked to S Alam Group tried to withdraw funds from the account using fake vouchers and cheques.

CID says Dilip Kumar Agarwala procured gold and diamonds without valid documents

Beximco Group chairman and vice-chairman and their associates have laundered $97 million (around Tk 1,200 crore) abroad over five years through 17 corporate entities under the pretext of foreign trade, the CID has found.

The document shows that Tk 46,805.32 crore of the assets are in Bangladesh, while the remaining Tk 10,451.54 crore are abroad.

Money does not come home on press releases. It comes home case by case, with quiet diplomacy and implacable lawyering.

Fraudulent trade transactions are one of the key reasons behind the rise in non-performing loans (NPLs) in Bangladesh’s banking sector, creating a dangerous feedback loop that undermines financial stability and enables trade-based money laundering (TBML), according to a study by the Bangladesh Institute of Bank Management (BIBM).

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 CID media cell confirmed the arrest via an SMS

NBR permission is setting a bad example, destabilising the housing market

A meeting between BFIU and managing directors of the banks made the decision

The latest global corruption index again paints a troubling picture

Nazrul Islam Mazumder, chairman of Nassa Group and a close associate of deposed prime minister Sheikh Hasina, has been accused of trade-based money laundering amounting to Tk 16,000 crore by the Bangladesh Financial Intelligence Unit.