CA orders formation of fund to manage looted assets

Date:

Post View:

CA orders formation of fund to manage looted assets

B Mirror Desk : The chief adviser has directed the establishment of a fund for managing recovered illicit funds, which will be allocated for public welfare, as stated by Chief Adviser’s Press Secretary Shafiqul Alam during a press briefing at the Foreign Service Academy this afternoon after a meeting focused on the progress of recovering laundered money.

The meeting took place at the State Guest House Jamuna, chaired by the chief adviser. During the briefing, Bangladesh Bank Governor Ahsan H Mansur mentioned that the fund will be established in accordance with current laws, and if necessary, legal amendments will be made to facilitate its creation.

He expressed optimism that the fund could be established within the interim government’s term, but emphasized that the elected government should oversee its continuation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Standard Islami Bank’s Executive Committee Convenes for 151st Meeting

The Executive Committee of Standard Islami Bank PLC. held...

Dutch-Bangla Bank holds 5th Extraordinary General Meeting (EGM)

Dutch-Bangla Bank PLC held its 5th Extraordinary General Meeting...

NCC Bank Launches “China Desk” to Strengthen Banking Services for Chinese Business

With the aim of providing integrated banking services to...

470th Board Meeting of Al-Arafah Islami Bank held

470th Board meeting of Al-Arafah Islami Bank PLC was...