Bangladesh moves to reclaim billions allegedly laundered under Hasina regime
Bangladesh Bank hires 12 global recovery firms to trace funds tied to former PM Sheikh Hasina, family, and powerful business groups
DHAKA, Bangladesh (MNTV) — Bangladesh has launched an international effort to recover billions of dollars allegedly laundered abroad during the rule of former Prime Minister Sheikh Hasina, signaling one of the country’s most aggressive anti-corruption drives in years.
The Bangladesh Bank, the country’s central financial authority, directed commercial banks to sign Non-Disclosure Agreements with a dozen international asset recovery and legal firms.
The move, announced on October 6, aims to identify and repatriate wealth reportedly siphoned out of the country by members of Hasina’s family and several influential conglomerates.
According to central bank officials, the global law firms will assist Bangladeshi banks in tracing offshore assets, filing legal claims, and managing the technical process of bringing funds back home.
Some domestic lenders will form consortia to coordinate with these firms, said Islami Bank Managing Director Md Omar Faruk Khan, noting that negotiations with asset recovery specialists are already underway.
Authorities have reportedly identified at least 11 major business entities suspected of moving money abroad, including Nassa Group, S Alam Group, Beximco, Aramit, Sikder Group, Orion, Gemcon, Nabil, and Summit.
Investigators allege that portions of these transfers may have ultimately benefited Hasina and her close associates.
The directive comes amid heightened scrutiny of financial networks linked to the ousted Awami League government, which fell from power earlier this year after mass protests and international criticism over corruption and authoritarianism.
Analysts say the initiative marks a crucial test of the interim administration’s resolve to restore transparency and accountability to the banking system.
If successful, the effort could recover substantial assets hidden in overseas jurisdictions—an outcome that would bolster Bangladesh’s depleted foreign reserves and signal a sharp break from years of systemic graft.
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