Petition to bring back laundered money: HC to deliver order tomorrow
05:06 PM, February 10, 2021 / LAST MODIFIED: 05:16 PM, February 10, 2021

Petition to bring back laundered money: HC to deliver order tomorrow

The High Court will deliver its order tomorrow on a writ petition filed for bringing back the money laundered from the country and deposited in foreign banks, including those in Switzerland.

The bench of Justice Md Nazrul Islam Chowdhury and Justice Mohi Uddin Shamim today set the date for passing the order after concluding hearing on the petition.

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During the hearing, lawyer Abdul Qaium Khan, one of the petitioners, told the court that no effective action has been taken to bring the laundered money back to country although names of few hundred money launderers had been disclosed in the Panama Papers and Paradise Papers in 2016 and 2017.  

The authorities concerned, including the Anti-Corruption Commission (ACC) and Bangladesh Financial Intelligence Unit, have failed miserably to prevent money laundering and bring back the money to the country, the lawyer argued.

Opposing the writ petition, ACC's lawyer Khurshid Alam Khan told the HC bench that this bench had earlier on November 22 last year issued a suo muto (voluntary) rule for taking appropriate measures against perpetrators involved in money laundering.

The bench also issued an injunction to restrain people from laundering money abroad and directed intelligence agencies to take appropriate steps to stop the laundering of money, he said. 

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