It is widely believed that money laundering is politically motivated in Bangladesh, facilitated by politicians and as well as politicised banking administrators, businesspeople, regulators and bureaucrats. Hence, there should be a strong political will to start the recovery of laundered money. The country needs to initiate recovery efforts, seeking expertise locally and abroad.
Three individuals from Bangladesh have been implicated in the latest batch of Pandora Papers, taking the tally to 11. The Business Standard spoke to Dr Zahid Hussain, former Lead Economist, the World Bank, Dhaka office, to discuss money laundering and capital flight in Bangladesh. On 3 May 2022, the final batch of the Pandora Papers was released by the International