CA directs creating fund to manage looted assets | The Business Standard
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TUESDAY, MAY 20, 2025
CA directs creating fund to manage looted assets

Bangladesh

BSS
19 May, 2025, 03:30 pm
Last modified: 19 May, 2025, 05:05 pm

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CA directs creating fund to manage looted assets

Speaking at the press briefing, Bangladesh Bank Governor Ahsan H Mansur today said the fund will be created following the existing laws

BSS
19 May, 2025, 03:30 pm
Last modified: 19 May, 2025, 05:05 pm
Chief Adviser Muhammad Yunus at a meeting on the progress of recovering the laundered money at the State Guest House Jamuna in Dhaka on Monday, 19 May 2025. Photo: Focus Bangla
Chief Adviser Muhammad Yunus at a meeting on the progress of recovering the laundered money at the State Guest House Jamuna in Dhaka on Monday, 19 May 2025. Photo: Focus Bangla

Chief Adviser Professor Muhammad Yunus today (19 May) directed the authorities concerned to form a fund to manage the looted assets and money.

"The Chief Adviser instructed to form the looted money management fund, which will be used for public welfare," Chief Adviser's Press Secretary Shafiqul Alam told a press briefing at the Foreign Service Academy in the capital this afternoon following a meeting on the progress of recovering the laundered money.

The meeting was held at the State Guest House Jamuna with the chief adviser in the chair.

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Speaking at the press briefing, Bangladesh Bank Governor Ahsan H Mansur today said the fund will be created following the existing laws. "If necessary, the law will be amended to form the fund," he said.

The Bangladesh Bank Governor said he hoped that it would be possible to create this fund within the tenure of the interim government but the elected government should continue the fund.

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Chief Adviser Dr Yunus / loot

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