A Dhaka court yesterday sentenced “Casino Brothers” -- Enamul Haque Enu and Rupon Bhuiyan -- to seven years and seven others to four years in jail in a case filed over laundering Tk 17.16 lakh.

The bank accounts of 366 individuals and entities with a Tk 15,000 crore combined balance were frozen between August and December last year over money laundering allegations.

More than two and a half years after his arrest by India’s Enforcement Directorate (ED) in a money laundering case, Bangladeshi businessman Prashanta Kumar Halder, known as PK Halder, walked out of jail after a special court in Kolkata granted him bail.

The Anti-Corruption Commission has decided to launch an investigation against former prime minister Sheikh Hasina and her son Sajeeb Wazed Joy on allegations of laundering $300 million to the United States.

Corruption, embezzlement, and money laundering have been endemic in Bangladesh but reached new heights during the last 15 years of the now-toppled regime led by the Awami League.

The spirit of 1971 lives on, and it is up to the present generation to ensure that its promises are fulfilled.

A government taskforce will investigate the country’s 10 major business groups’ alleged money laundering and other misdeeds.

A total of $234 billion was siphoned off from Bangladesh between 2009 and 2023, according to the white paper on the state of the economy.

Bangladesh has lost around $14 billion a year on average to capital flight during the Awami League’s 15-year tenure, according to the draft report of the committee preparing a white paper on the economy.

Britain expects the interim government to lay out the vision of how it will restore peace, democratic governance, and promote national reconciliation, said UK Minister for the Indo-Pacific Catherine West.

Bangladesh has intensified its efforts to sign bilateral deals with different countries with the view to recovering funds illegally taken abroad, said Bangladesh Bank Governor Ahsan H Mansur.

Between $12 billion and $15 billion was siphoned out of the country every year over the last 15 years, said Iftekharuzzaman, executive director of Transparency International Bangladesh.

Financial statements of former MP Kazi Nabil Ahmed and his brothers’ famed British tea enterprise offer a rare glance into how powerful people in Bangladesh take their money to the UK via Asia’s business hubs.

Following the fall of the Awami League government, efforts are underway to explore ways to bring back the stolen wealth.

The High Court today sought to know updated information about the probe into money laundering allegations against S Alam Group. The court asked the Anti-Corruption Commission (ACC) lawyer Shaheen Ahmed to place the information before it on September 29.

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.