A government-commissioned white paper on the economy has revealed that an estimated $234 billion was siphoned out of Bangladesh between 2009 and 2023 while the Awami League was in power. The report identifies countries such as the UAE, UK, Canada, US, Hong Kong, Malaysia, Singapore, and India as key routes for laundered funds.
The white paper highlights the unprecedented economic damage inflicted on Bangladesh’s economy under the Sheikh Hasina-led government. It states that illicit financial outflows created a complex shadow economy that “thrived on criminal activities of diverse nature.” The report recommends establishing an independent prosecution body to pursue follow-up actions and recover these funds, with the interim government acting promptly to implement this recommendation.
The investigation also found that properties worth over £400 million (approximately Tk 6,000 crore) in the UK were purchased using laundered funds. Allegations suggest that close associates of Hasina, including former ministers and business owners, hold these assets. It is imperative for the interim government to thoroughly investigate these cases and begin recovering the stolen wealth as a top priority.
Holding accountable those responsible for plundering the nation’s wealth is essential to prevent such crimes in the future. The government should leverage diplomatic channels and international connections to freeze illicit funds and facilitate their return to Bangladesh.
Source: https://www.thedailystar.net/opinion/editorial/news/recover-stolen-funds-top-priority-3766781