Money laundering from drugs trade: HC directive sought for enquiry
A Supreme Court lawyer today filed a petition with the High Court seeking its directive on the authorities concerned to conduct an enquiry into the allegation of Bangladeshis laundering money obtained from illegal drug trade.
Subir Nandi Das submitted the petition based on the reports published in different newspapers including The Daily Star on June 11, stating that Bangladesh ranked fifth in the world and top in Asia in terms of laundering money from illegal drugs trade, according to the report by the United Nations Conference on Trade and Development (UNCTAD).
The report said drug trafficking in Bangladesh is estimated to have generated an annual average of $ 481 million in outward illicit financial flows (IFFs) between 2017 and 2021, The Daily Star report said.
In the petition, he requested the HC to issue a rule asking the authorities to show as to why their inaction and failure to take legal action against the persons and organisations who accumulated money by way of drug dealing and thereafter laundered from Bangladesh unlawfully should not be declared illegal.
Das told The Daily Star that the HC may hold a hearing on the petition tomorrow.
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