Wednesday, 12 March, 2025
Bangladesh Financial Intelligence Unit (BFIU) has discovered Tk 635 crore taka in 124 frozen bank accounts associated with former Prime Minister Sheikh Hasina and her family following their escape to India.
This information was disclosed in a high-level meeting titled "Recovery of Laundered Assets, Measures Taken, and Challenges" held on Monday (March 10) by the Bangladesh Bank.
The meeting, chaired by Chief Adviser Dr. Muhammad Yunus, also revealed that assets linked to Sheikh Hasina, her family, and related individuals or institutions were identified in several countries including the United States, the United Kingdom, Malaysia, Singapore, Hong Kong, and the Cayman Islands. Additionally, a Russian "Slash Fund" was found in an account in Malaysia.
BFIU also reported freezing several assets, including a 60-katha plot valued at 1.8 million taka and eight flats worth 8.85 million taka.
Former Prime Minister Sheikh Hasina fled to India on August 5 following a massive student-led uprising that shook Bangladesh. The protests, driven by widespread discontent over governance, corruption, and repression, escalated into a nationwide movement demanding accountability. Hasina, who had ruled for years with an iron grip, faced mounting allegations of large-scale corruption and money laundering.
During her tenure, government contracts, infrastructure projects, and land allocations were manipulated to benefit a close circle of elites. The crisis reached its peak as revelations of offshore assets and secret transactions surfaced, fueling public outrage.
Amid growing legal pressure and the collapse of political support, Hasina secretly left the country, seeking refuge in India, where she has longstanding political ties. Her departure marks a dramatic turn in Bangladesh’s political landscape, with opposition forces calling for justice and a complete overhaul of the system. The episode has not only exposed deep-rooted corruption but also ignited demands for reforms to restore transparency and democracy in the nation.
However, the interim government plans to prioritize the resolution of 11 money laundering cases, with the one involving Sheikh Hasina and her family at the top of the list, aiming to recover the laundered assets by 2025.
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Bangladesh Financial Intelligence Unit (BFIU) has discovered Tk 635 crore taka in 124 frozen bank accounts associated with former Prime Minister Sheikh Hasina and her family following their escape to India.
This information was disclosed in a high-level meeting titled "Recovery of Laundered Assets, Measures Taken, and Challenges" held on Monday (March 10) by the Bangladesh Bank.
The meeting, chaired by Chief Adviser Dr. Muhammad Yunus, also revealed that assets linked to Sheikh Hasina, her family, and related individuals or institutions were identified in several countries including the United States, the United Kingdom, Malaysia, Singapore, Hong Kong, and the Cayman Islands. Additionally, a Russian "Slash Fund" was found in an account in Malaysia.
BFIU also reported freezing several assets, including a 60-katha plot valued at 1.8 million taka and eight flats worth 8.85 million taka.
Former Prime Minister Sheikh Hasina fled to India on August 5 following a massive student-led uprising that shook Bangladesh. The protests, driven by widespread discontent over governance, corruption, and repression, escalated into a nationwide movement demanding accountability. Hasina, who had ruled for years with an iron grip, faced mounting allegations of large-scale corruption and money laundering.
During her tenure, government contracts, infrastructure projects, and land allocations were manipulated to benefit a close circle of elites. The crisis reached its peak as revelations of offshore assets and secret transactions surfaced, fueling public outrage.
Amid growing legal pressure and the collapse of political support, Hasina secretly left the country, seeking refuge in India, where she has longstanding political ties. Her departure marks a dramatic turn in Bangladesh’s political landscape, with opposition forces calling for justice and a complete overhaul of the system. The episode has not only exposed deep-rooted corruption but also ignited demands for reforms to restore transparency and democracy in the nation.
However, the interim government plans to prioritize the resolution of 11 money laundering cases, with the one involving Sheikh Hasina and her family at the top of the list, aiming to recover the laundered assets by 2025.
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