Steps on cards to bring back money smuggled abroad by corrupt
Staff Correspondent
The Bangladesh Bank (BB) governor yesterday said they have information about which countries some corrupt people smuggled out their money to and the BB is ready to initiate the process to get back the money.But scopes are very limited to get back the money without government-level agreements with those countries. "Those countries will not return it just because we wish to," Governor Salehuddin Ahmed said. "It needs agreements between the governments of Bangladesh and those countries where a huge amount of money have been sent illegally," he told reporters at his office. He said the BB has been in touch with the central banks of other countries and that a process to get back the money will be started as soon as there are agreements at the government level. The governor, however, said he has no idea about the total volume of the smuggled out money. Asked about the central bank's view on anybody wanting to bring the money back voluntarily, Salehuddin cited an example of India and said in such case the person can deposit a certain portion of the total volume in the government exchequer.
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