Money laundering: One individual sent Tk400cr as tuition fees for son studying abroad
“However, for the sake of investigation, we are not revealing the name of the person,” Chief Adviser’s Press Secretary Shafiqul Alam said
One individual laundered Tk400 crore under the pretext of sending tuition fees for their son studying abroad, the Chief Adviser's Press Secretary Shafiqul Alam said today (10 March), providing a glaring example of money laundering during the Awami League regime.
"Many children go abroad to study. In one case, it was seen that Tk400 crore was sent abroad as tuition fees for a semester for a son. See how the money laundering was done," he said while speaking at a press briefing at the Foreign Service Academy.
"However, for the sake of investigation, we are not revealing the name of the person," he added.
"They laundered money using such innovative methods. We knew that money was laundered through over-invoicing and under-invoicing, through the banking system or through hundi.
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"But Tk400 crore was found [to have been laundered] through loopholes in some places... Does anyone in the world have tuition fees of Tk400-500 crore taka?"
The press secretary also said the interim government will set up an Asset Recovery Agency to bring the billions of dollars laundered from the country.
A law will also be framed soon to facilitate the process of bringing back the stolen money, he said at the briefing held after a high-level meeting, chaired by CA Muhammad Yunus, titled 'Recovery of Laundered Assets, Steps Taken and Challenges' today (10 March) with an 11-member taskforce formed earlier in September last year.
