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Laundered Money: IMF enquires how ACC will bring it back

Report in The Daily Star, Oct 13, 2023
An IMF delegation yesterday enquired about the steps taken by the ACC to bring back laundered money to Bangladesh.

The IMF team held a meeting with the Anti-Corruption Commission officials at the ACC head office in Dhaka.

The ACC responded that they had sent letters seeking legal assistance from the countries where the money had been laundered. The meeting also focused on the ACC’s activities and future plans.

The IMF team recommended reducing corruption for sustainable development.

IMF Asia Pacific chief Rahul Anand led the team, while ACC Secretary Md Mahbub Hossain represented the commission.

Later, the ACC secretary informed reporters that the IMF representatives were briefed on the ACC’s current structure, future plans, existing laws, regulations, and operational procedures.

The four-member IMF delegation arrived on October 4 to verify the fulfillment of conditions before disbursing the second installment of a USD 4.7 billion loan to Bangladesh.

The IMF has stipulated certain conditions to maintain stability in Bangladesh’s economic situation and emphasised establishing good governance by reducing corruption.
https://www.thedailystar.net/news/bangladesh/news/laundered-money-imf-enquires-how-acc-will-bring-it-back-3442036