Indian city to take police action against giving money to beggars
Indian city to take police action against giving money to beggars

In an unexpected decision to stop begging, authorities in an Indian city will start filing police cases against people who give money to beggars, starting January 1, 2025, according to media reports. The goal of the initiative is to make Indore the first city in India to be officially declared...

Tarique's sentence in money laundering case suspended
Tarique's sentence in money laundering case suspended

The Appellate Division suspended the 7-year prison sentence of BNPs Acting Chairman Tarique Rahmanin a money laundering case. The Appellate Division, led by the Chief Justice, delivered the order On Tuesday. Advocate Sheikh Zakir Hossain and Barrister Kaiser Kamal did the hearing of the case...

Ex-Teknaf OC Pradeep's wife granted bail by HC
Ex-Teknaf OC Pradeep's wife granted bail by HC

The High Court has granted bail to Chumki Karan, wife of dismissed Teknaf Police Station Officer-in-Charge (OC) Pradeep Kumar Das, who was convicted in an Anti-Corruption Commission (ACC) case. The bench, comprising Justice AKM Asaduzzaman and Justice Syed Enayet Hossain, issued the bail order on...

Trump uses Hunter Biden pardon to request dismissal of 'Hush Money' case
Trump uses Hunter Biden pardon to request dismissal of 'Hush Money' case

Attorneys for President-elect Donald Trump filed a motion on Tuesday seeking to dismiss his criminal fraud conviction, referencing a recent pardon granted to Hunter Biden by President Joe Biden. Trumps legal team argued that Biden used similar reasoning to pardon his son, Hunter, after he was...

BDT 2.34 trillion stashed in the pockets of bank directors
BDT 2.34 trillion stashed in the pockets of bank directors

The banking sector of the country suffered the most during the tenure of the previous government, a fact highlighted in the White Paper Committees report. Allegations have been made regarding the involvement of several bank chairmen in undermining the sector, including claims of collusion....

Pagla Mosque collects 29 sacks of donations
Pagla Mosque collects 29 sacks of donations

Authorities have collected a staggering 29 sacks of money from 11 donation boxes at the historic Pagla Mosque in Kishoreganj, reports UNB. The donation boxes, last opened three months and 11 days ago, were unlocked at 7 am on Saturday in the presence of Fouzia Khan, Deputy Commissioner of...

BB to aid weak banks without increasing money supply
BB to aid weak banks without increasing money supply

Bangladesh Bank (BB) has introduced a strategy to offer liquidity support to struggling private banks without resorting to money printing. Bangladesh Bank plans to withdraw excess liquidity from the interbank currency market by issuing its own bills, redirecting the funds to support weaker...

Money launderers thrived under Sheikh family’s backing
Money launderers thrived under Sheikh family’s backing

The government is now taking a tough stance against individuals who have laundered money abroad funds earned through the hard work and sweat of ordinary Bangladeshis. In response, the government, along with authorized agencies investigating and probing money laundering, has been actively working...

Leveraging Yunus's reputation to recover laundered funds
Leveraging Yunus's reputation to recover laundered funds

The first thing I would like to say about money laundering is that there is no opportunity to take large sums of money out of Bangladesh. I know this firsthand from my experience at the Bangladesh Bank. While I am aware of what I have observed as a consultant or economist, the individuals directly...

Thousands of crore taka laundered through internet gateway  licenses
Thousands of crore taka laundered through internet gateway licenses

Thousands of crore taka have been laundered through licensing scheme for international communication services, say officials from the Anti-Corruption Commission (ACC). The licenses, issued in 2012 by the Bangladesh Telecommunication Regulatory Commission (BTRC), were granted based on political...

Efforts underway to bring back laundered money: CA’s Press Secretary
Efforts underway to bring back laundered money: CA’s Press Secretary

Chief Advisers Press Secretary Shafiqul Alam has said despite it seems to be a tough task, the interim government is making best efforts to bring back the laundered money from abroad. The government has enough efforts to bring back the laundered money, he said while speaking at a press briefing...

US Secret Service to train Bangladeshi officials in combating money laundering and terror financing
US Secret Service to train Bangladeshi officials in combating money laundering and terror financing

The United States Secret Service will train the officials of six Bangladeshi agencies to enhance their ability to tackle money laundering and terror financing. Around 60 officials of the Bangladesh Financial Intelligence Unit (BFIU), four units of Bangladesh Police including the Criminal...

Summit launders millions of dollars under Faruk Khan’s patronage
Summit launders millions of dollars under Faruk Khan’s patronage

Summit Group founder Muhammed Aziz Khan allegedly smuggled millions of dollars out of Bangladesh under the patronage of his brother Awami League presidium member Muhammad Faruk Khan over the last 15 years. Aziz Khan has become Singapores 41st richest man with wealth worth $1.12 billion amassed...

Beximco's theft of over 1000 crore taka from five banks
Beximco's theft of over 1000 crore taka from five banks

Serious allegations have emerged against two companies of the Beximco Group Beximco Limited and Bextex Garments. They are accused of embezzling a staggering one thousand crore taka through transactions among five banks. In 2011, these two companies secured loan agreements totaling six hundred...

Bangladesh, US discuss collaboration to tackle money laundering
Bangladesh, US discuss collaboration to tackle money laundering

Bangladesh and the Unites States have discussed strengthening collaboration to counter corruption, tackle money laundering, and recover stolen assets, state news agency BSS reported. The discussion took place at a meeting between Bangladesh Foreign Secretary Md Jashim Uddin and US Acting...