“I thought that the number of the politicians (involved in money laundering) would be higher but [according to] the report I received … many government officials have houses in foreign countries and their children are studying there. I’ve received 28 cases and among them four are politicians while some are RMG businessmen. We’re trying to collect more information,” he said at a programme at the Dhaka Reporters Unity.
Based on the reports, the High Court on Nov 22 issued a suo-moto rule seeking information on money launderers. The concerned agencies met the attorney general twice to prepare a report for submitting before the court.
A report of the Global Financial Integrity (GFI) in March said that Bangladesh lost Tk 63,924 crore ($7.53 billion) a year between 2008 and 2017 to trade misinvoicing.
According to Swiss National Bank's (SNB) annual report for 2019, deposit of money by Bangladeshis and enterprises went down by 2.38 percent to 603 million Swiss Francs (CHF) in 2019 from 617 million CHF in the previous year.
Bangladesh is gearing up for a crackdown on black money. The government is reportedly planning to sign taxation agreements with as many as 12 countries for allowing exchange of information in order to bring back black money stashed abroad.
In the latest budget, the government introduced a scope to whiten black money.