Recovery of Laundered Money: Interim Government to Enact Special Law

The interim government is set to introduce a special law aimed at expediting the recovery of laundered money in the shortest possible time. The law is expected to be formulated within a week, according to Chief Adviser’s Press Secretary Shafiqul Alam.

Speaking at a press conference today at the Foreign Service Academy, Shafiqul Alam made the announcement following a high-level meeting between Chief Adviser Prof. Muhammad Yunus and an inter-agency task force focused on retrieving illegally transferred funds.

Citing data from the recently released white paper on the state of the economy, Shafiqul revealed that a staggering $234 billion was siphoned out of Bangladesh between 2009 and August 5, 2023.

“Chief Adviser Prof. Muhammad Yunus on Monday called for expediting efforts to bring back billions in stolen money – both from the banking system and other means,” he said.

Emphasizing the urgency of the matter, he added, “It’s the top priority of the government. The government wants to bring the stolen money back at any cost.”

To facilitate the process, the interim government has already engaged with around 200 law firms and may finalize agreements with at least 30 firms to assist in recovering the laundered funds.