The overseas assets of S Alam Group, including those in Singapore, came under scrutiny following recent media reports.

The Criminal Investigation Department has filed 17 cases against 28 persons including Salman F Rahman, vice-chairman of Beximco Group, over laundering about Tk 1,000 crore ($83 million) abroad under the guise of export trade.

Bangladesh has sought assistance from the UK to investigate the overseas wealth of allies of former prime minister Sheikh Hasina, as the new government intensifies its crackdown on members of her ousted regime, The Financial Times (FT) reported

The government will form a taskforce to recover money syphoned out of Bangladesh, said Finance and Commerce Adviser Salehuddin Ahmed

Beximco Group laundered at least $135 million by exporting goods through 18 companies without repatriation of the export value, said the Criminal Investigation Department (CID) yesterday.

The interim government has already contacted various foreign organisations seeking their assistance

Govt should overhaul ailing sectors, ensure accountability

International support will be taken to bring them to book, says Ahsan H Mansur

Recover bad loans, punish those who exploited the sector

Those who were involved in stealing funds from the country must be held accountable.

A Dhaka court today issued a travel ban on four officials of the Premier Bank PLC, including its Additional Managing Director Md Shahid Hassan Mallik, in connection with allegations of laundering about Tk 3,000 crore through sanctioning fake loans to 43 suspicious institutions which exported manufactured garments.

It fails to commit to reforms and address people’s sufferings

The Anti-Corruption Commission yesterday pressed charges against former BASIC Bank chairman Sheikh Abdul Hye Bacchu, his wife Shirin Aktar and six others over money laundering.

Cash transactions in Bangladesh have continued to creep up in spite of significant developments in digital payment methods and digital financial services over the last decade, as per the latest annual report of Bangladesh Financial Intelligence Unit (BFIU).

The Appellate Division of the Supreme Court today discharged the High Court Division’s suo moto rule that had ordered an investigation into S Alam Group’s wealth abroad

Bangladesh must embrace change for a sustainable development

Online vigilance a must to protect citizens plagued by poverty and desperation

Authorities must improve monitoring to keep the sector in check

BBS survey reveals alarming picture of wealth concentration by the rich

Governments that score low in corruption indexes are more prone to use force and violence to control and suppress dissensions and protests.