Teams formed to recover laundered funds

Ten inter-agency teams have been formed to recover money laundered by top eleven business groups of the country.
The new investigation teams will work to bring back the money laundered by S Alam, Nagad, Beximco, Bashundhara, Summit, Orion, NASA, Sikdar, Gemcon, Nabil Group and Aramit Group.
Each of the teams, consisting of four members from Criminal Investigation Department (CID), Customs Intelligence and Investigation Directorate (CIID), Anti-corruption Commission (ACC) and Central Intelligence Cell (CIC), would work to bring back stolen assets of the companies.
The Attorney General's office will provide the necessary legal assistance to the teams.
The teams would sit in the Bangladesh Bank to discuss and sort out data on the basis of their findings.
Director General of CIC Ahsan Habib said four agencies had been collecting data about the money laundering of ten controversial business groups during the Awami League regime.
A task force was formed, earlier in October last to bring back the stolen assets, said Mr Ahsan.
Later, the investigation teams consisting of ACC, CID and NBR were formed on Wednesday to bring back the money, he added.

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