UK firms want to invest $50 million to support Bangladesh's stolen asset recovery efforts
The firms showed their interest during Bangladesh Bank Governor Ahsan H Mansur's visit to London in March this year
United Kingdom-based firms have expressed interest in investing up to $50 million to support Bangladesh's efforts to recover assets allegedly stolen and laundered abroad during the Awami League regime.
The firms showed their interest during Bangladesh Bank Governor Ahsan H Mansur's visit to London in March this year, according to a statement issued by the Chief Adviser's Press Wing today (9 April).
"The governor had individual meetings with three of the world's largest litigation funders, who expressed an interest to invest and support Bangladesh's asset recovery efforts in hiring law firms and investigators. Collectively they suggested that if they could gather sufficient evidence to pursue cases, they may invest up to $ 50 million in Bangladesh's efforts to recover stolen assets," reads the statement.
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The governor invited them to come to Bangladesh at the earliest to review the cases that could be pursued with litigation funding, adds the statement.
The UK is believed to be one of the main destinations of laundered money from Bangladesh.
Mansur, who leads the Asset Recovery Taskforce, visited London during 17-21 March as part of the government's ongoing efforts to recover stolen assets. He held a series of meetings with key stakeholders in the UK.
The BB governor received feedback from two of the UK's leading strategic communication firms on how Bangladesh can better communicate internationally and build support for its Asset Recovery process, according to the statement.
