money laundering

Aziz co-op society chief amassed Tk 300cr: CID

Criminal Investigation Department (CID) files a case against the chairman of Aziz Co-operative Commerce and Finance Credit Society Limited, M Tajul Islam, for allegedly embezzling Tk 300 crore of customers and on charge of money laundering.
HC wants list of loan defaulters by June 24

The High Court orders Bangladesh Bank authorities to submit a list of borrowers with more than Tk 1 crore in default loans by June 24.
No mercy to killers, money-launderers: PM

Hinting at BNP’s Acting Chairman Tarique Rahman who is hiding in London, Prime Minister Sheikh Hasina here says the killers and money-launderers must be punished.
ACC seeks to freeze Tarique’s money in UK bank

The Anti-Corruption Commission submitted a petition to a Dhaka court, seeking permission to freeze £59,341 deposited in Santander
ACC files plea challenging Farmers Bank MD’s bail

The Anti-Corruption Commission (ACC) challenges the February 13 order of a metropolitan magistrate that granted bail to former Farmers Bank Managing Director and CEO, Chowdhury Mustaque Ahmed in a case filed over embezzling Tk 29 crore from the bank.
Maldives court orders arrest of ex-president over graft

A court in the Maldives orders the arrest and detention of former president Abdulla Yameen on suspicion of money laundering.
ACC’s money laundering cases get 100pc conviction: Chairman

Anti-Corruption Commission (ACC) Chairman Iqbal Mahmood says the conviction rate in the money laundering cases filed by the commission was cent percent.
CIID seeks remand of Crescent chairman

Customs Intelligence and Investigation Directorate (CIID) yesterday sought a five-day remand to quiz MA Kader, chairman of Crescent Leather Products and Crescent Tanneries, in connection with one of the three cases filed over laundering Tk 919 crore in foreign currencies.
Tk 919cr Laundering: Court denies bail to Crescent Leather chair

A Dhaka court yesterday rejected a petition seeking bail for MA Kader, chairman of Crescent Leather Products and Crescent Tanneries, and sent him to jail in connection with one of the three cases filed over laundering Tk 919 crore in foreign currencies.
Tk 919cr Laundering: Crescent group boss arrested

Customs Intelligence and Investigation Directorate (CIID) yesterday arrested the chairman of Crescent Leather Products and Crescent Tanneries, MA Kader, in connection with three separate cases filed over laundering a total of Tk 919 crore in foreign currencies.
Plug the avenues of money laundering

Global Financial Integrity (GFI) brought out a report recently that provides country-level estimates of the illicit flows of money into and out of 148 developing and emerging countries and is based on International Monetary Fund (IMF) data.
Vijay Mallya a ‘fugitive economic offender’: Indian court

A court in India set up under anti-money laundering laws declares Indian liquor and aviation tycoon Vijay Mallya a “fugitive economic offender” today, paving the way for the government to seize his assets.
DNC scrutinising financial transaction of drug peddlers

Department of Narcotic Control (DNC) has initiated a move to look into financial transactions of some of the listed drug peddlers to know their presumed involvement in money laundering.
Ex-PM hit with 25 new charges

Malaysian prosecutors yesterday charged former Prime Minister Najib Razak with 21 counts of money laundering and four counts of abuse of power over hundreds of millions of dollars received in his personal bank account.
'Money Laundering': ACC seeks to bar Falu from leaving country

The Anti-Corruption Commission has asked the Special Branch of Police (SB) to take steps to prevent BNP leader Mosaddak Ali Falu and eight others from leaving the country over allegations of money laundering and illegal offshore investments.
'Money Laundering': ACC seeks to bar Falu from leaving country

The Anti-Corruption Commission has asked the Special Branch of Police (SB) to take steps to prevent BNP leader Mosaddak Ali Falu and eight others from leaving the country over allegations of money laundering and illegal offshore investments.
Unsettled Lcs, ghostly import

The Bangladesh Bank has detected some gross violations in foreign exchange transactions that have raised concerns about money laundering.
The hidden dangers of money laundering

Amid Bangladesh's rapidly expanding foreign trade, trade-based money laundering has become a major concern for the banking industry, a recent survey by the Bangladesh Institute of Bank Management has found. This includes over- and under-invoicing of goods and services and mis-declaration of goods.
Apan Jewellers owners sued for money laundering

Customs Intelligence files five separate cases against three owners of the Apan Jewellers under Money Laundering Prevention Act with different police stations in Dhaka.
Swiss banks, second home and "Begum Palli"

In the wake of the reports that there has been year on year increase in the amount of deposits of Bangladeshi account holders in Swiss banks,
Steady rise in Swiss Bank deposits

It is regrettable that while legal means of money transfer outside the country faces many restrictions there seems to be no impediment to illegal transfer and no palpable effective measures to prevent them. Has the government done anything to find out the final destination of the several thousand crores taken out of some state owned banks like the Basic Bank?
US settles Russian money laundering case

A Russian-owned group of companies agrees to pay nearly $6 million to settle US civil allegations that the firms laundered proceeds of a $230 million tax fraud, ending a politically charged case days before it was set to go to trial.
Money laundering: Destiny MD, 50 others indicted

A Dhaka court frames charges against 51 people including Destiny Group Managing Director Rafiqul Amin in connection with two money laundering cases.
Money laundering: Verdict on Tarique’s acquittal any day

The High Court to deliver a verdict any day on the appeal filed against a lower court judgment that acquitted BNP leader Tarique Rahman in a money laundering case.
Rajuk accountant held for 'money laundering'

The Anti-Corruption Commission (ACC) arrests an accountant of Dhaka development authority Rajdhani Unnayan Kartripakkha (Rajuk) over money laundering and fraudulence charges.
Engineer, ex-civil surgeon among 4 held

The Anti-Corruption Commission (ACC) arrests four persons including an engineer, a banker and a former civil surgeon in three separate cases filed for misappropriating about Tk 11.26 crore at different times.
Money laundering: ACC sues 3 including ex-ETV boss

The Anti-Corruption Commission files a case against former chairman of Ekushey Television Abdus Salam and two others over alleged money laundering.
Panama leaks: Body formed to find out Bangladeshis’ name

Anti-Corruption Commission forms a three-member body to find whether there is mention in hacked Panama Papers of any Bangladeshis having offshore accounts.
Bangladesh may enter list of risky nations again

Bangladesh runs the risk of being reclassified as a country exposed to money laundering and terror financing because of slow implementation of laws on battling illicit flow of funds.
BB fund heist: 2 Chinese traders sued in Philippines

The Anti-Money Laundering Council (AMLC) files a criminal complaint against two Chinese businessmen allegedly involved in the laundering through the Philippine financial system of $81 million stolen by mysterious computer hackers from the central bank of Bangladesh last month.