CID probing 69 named in Panama, Paradise papers: ACC to High Court
The Criminal Investigation Department (CID) of the police has launched an investigation into 69 Bangladeshi individuals and companies named in the much-discussed Panama Papers and Paradise Papers, the Anti-Corruption Commission (ACC) has informed the High Court.
At a hearing on Monday, ACC lawyer Khurshid Alam Khan said documents related to money laundering have been sent from the corruption watchdog to the CID, and six joint investigation teams are working on this.
He later informed The Business Standard that the court is expected to schedule a hearing on this matter within the next day or two, during which it may set a timeframe for completing the investigation.
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Earlier on 26 January, the Bangladesh Financial Intelligence Unit (BFIU) submitted the names of the 69 individuals and companies before the division bench of Justice Nazrul Islam Talukder and Justice Mostafizur Rahman.
"We assisted various agencies, including the ACC, in collecting information about individuals and companies whose names were exposed in the media in the wake of the leaked financial scams," the BFIU report said.
Last year, the ACC presented a list of 43 individuals and companies to the court.
Following a hearing on that list, the High Court issued an order on 6 December, requesting information on the steps taken against money launderers. In response to this, in January, BFIU presented a list of 69 people.
