- Dhaka
The interim government will establish a fund using money and assets recovered from individuals accused of embezzlement and money laundering to compensate general depositors and poor people, said Bangladesh Bank Governor Ahsan H Mansur.
“The fund will also include frozen assets seized from accused individuals, such as shares of various banks and companies,” Mansur told reporters at a press briefing today at the Foreign Service Academy in Dhaka.
“We updated the chief adviser on our progress in asset recovery, the challenges we face, and possible strategies to overcome legal obstacles,” he added, noting that the central bank is cooperating with foreign institutions through mutual legal assistance to recover laundered funds.
The governor said the fund will serve the public interest by providing relief to victims, especially depositors affected by financial irregularities.
“We have already seized substantial sums deposited in various banks by those under investigation or prosecution. Additionally, we have taken control of shares owned by individuals who have fled or are facing charges,” he stated.
The meeting also covered how the seized assets could be transferred to the proposed fund and managed with transparency.
“Our chief adviser is scheduled to travel to London soon and may take steps related to the recovery process from there,” Mansur added.
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