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.

The precondition for building a corruption-free state is building a corruption-free society.

These cases of illegal property purchase abroad are not the main acts of corruption – these are the symptoms.

We must rectify the system that protects money launderers

PK Halder was jailed for 10 years for illegally amassing money and 12 years for laundering money. He was also fined Tk 333 crore. The punishment of PK Halder will be effective from the day of his extradition from India, the court said.

The number of new Bangladeshi companies joining the Dubai Chamber of Commerce has surged 47 percent year-on-year to 1,044 in the first half of this year, said the chamber. .With the latest addition, the total number of Bangladeshi firms registered as members of the Dubai chamber rose to 1

The number of new Bangladeshi companies joining the Dubai Chamber of Commerce has surged 47 percent year on year to 1,044 in the first half of this year, said the chamber

We congratulate the chief justice for his forthright identification of one of the main issues of concern for Bangladesh’s future: corruption.

Sadly, the country does not seem to be effectively using any of the tools to recover laundered money.