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Bangladesh Freezes Tk 76,000cr Assets in Major Money Laundering Cases

Bangladesh Financial Intelligence Unit (BFIU) has frozen Tk 76,000 crore in assets linked to 11 priority money laundering cases.

By Staff Correspondent
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Tk 76,000cr assets frozen in 11 priority money laundering cases: BFIU | Business
BSS

In a significant move against money laundering, authorities in Bangladesh have frozen and attached assets worth approximately Tk 76,000 crore, both domestically and abroad, in connection with 11 priority money laundering cases. The Bangladesh Financial Intelligence Unit (BFIU) Head, Iqtiaruddin Md Mamun, disclosed this information at a press conference held at the Bangladesh Bank headquarters.

Cracking Down on Money Laundering

The BFIU, in collaboration with a joint taskforce comprising the Anti-Corruption Commission (ACC), Criminal Investigation Department (CID), and National Board of Revenue (NBR), is investigating these high-profile cases. The cases involve several prominent figures, including ousted Prime Minister Sheikh Hasina, her family, and 10 major business groups such as S Alam, Beximco, Summit, and Bashundhara.

Domestic and International Assets

Of the total frozen assets, Tk 57,000 crore is located within Bangladesh, while Tk 19,000 crore is situated abroad. This action underscores the government's commitment to combating financial crimes and recovering illicitly obtained assets.

Source: BSS

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