Dhaka to sign deal with 6 nations to recover siphoned money
The interim government in Bangladesh is set to sign deals with six countries apparently in its desperate attempts to recover the stolen assets from foreign countries.
By PTI |
DHAKA:The interim government in Bangladesh is set to sign deals with six countries apparently in its desperate attempts to recover the stolen assets from foreign countries, reports and officials said on Wednesday.
The government was set to form a "central authority", which will coordinate signing of the memorandum of understanding with six countries -- Malaysia, Singapore, Hong Kong, the UAE, Britain and the US -- to recover siphoned off money, the Daily Star reported, quoting officials.
According to the report, the central authority will have members from the home ministry, the Attorney General's Office, and other government bodies and it will coordinate the process to recover siphoned off money as part of the government's anti-graft campaign.
About 10 government officials would undergo a special training under a course titled "Stolen Assets Recovery" in Switzerland from February 28 to March 10, funded by the World Bank.
Several other countries and development partners earlier offered their assistance to bring back the stolen money during the successive regimes while officials said the "central authority" was being formed in line with suggestions of the World Bank.
Bangladesh Bank officials said a tough law to be called 'Anti-Money Laundering Ordinance' was also in the offing to empower the central bank or the government for signing agreements with other countries in recovery of stolen assets.
The government was set to form a "central authority", which will coordinate signing of the memorandum of understanding with six countries -- Malaysia, Singapore, Hong Kong, the UAE, Britain and the US -- to recover siphoned off money, the Daily Star reported, quoting officials.
According to the report, the central authority will have members from the home ministry, the Attorney General's Office, and other government bodies and it will coordinate the process to recover siphoned off money as part of the government's anti-graft campaign.
About 10 government officials would undergo a special training under a course titled "Stolen Assets Recovery" in Switzerland from February 28 to March 10, funded by the World Bank.
Several other countries and development partners earlier offered their assistance to bring back the stolen money during the successive regimes while officials said the "central authority" was being formed in line with suggestions of the World Bank.
Bangladesh Bank officials said a tough law to be called 'Anti-Money Laundering Ordinance' was also in the offing to empower the central bank or the government for signing agreements with other countries in recovery of stolen assets.
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