Sunday 15th of June 2025
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   Business
BB boss thanks IACCC, NCA for supporting Dhaka’s asset recovery efforts
  Date : 15-06-2025

Bangladesh Bank Governor Dr Ahsan H Mansur, during a visit to London from June 10-13, 2025, expressed gratitude for the support from the International Anti-Corruption Coordination Centre (IACCC) in collaborating with Bangladesh’s Asset Recovery Taskforce and providing technical assistance to 11 Joint Investigation Teams (JITs) investigating priority asset recovery cases.

Mansur also thanked the UK’s National Crime Agency (NCA) for freezing £170 million in property assets linked to former Land Minister Saifuzzaman Choudury in the UK, following a £90 million asset freeze on Beximco Group’s Shayan and Shariar Rahman last month.

He expressed hope for deeper collaboration with the NCA and IACCC, noting that the UK’s £250 million in asset freezes could encourage other countries to support Bangladesh’s asset recovery efforts.

Mansur visited the UK as part of Chief Adviser Professor Muhammad Yunus`s entourage.

On June 11, Mansur and Anti-Corruption Commission Chairman Dr Mohammad Abdul Momen met NCA officials, including IACCC head Daniel Murphy.

The governor also served as Chief Guest at an Asset Recovery Roundtable hosted by DLA Piper, attended by litigation funders like Omni Bridgeway and Benchwalk Capital, and investigation firms such as Alvarez and Marsal and Unitas Global.

Discussions focused on securing $100 million in litigation funding for 30 cases by the end of 2025. Participants emphasised the need for non-disclosure agreements (NDAs) with Bangladesh Bank and commercial banks to facilitate data sharing on non-performing loans (NPLs) for asset tracing and recovery.

The roundtable also proposed establishing a Special Purpose Vehicle (SPV) to pursue legal claims in countries like the UK and Singapore, strengthening the asset recovery process against political changes.

Mansur met with BlackRock to discuss Bangladesh’s improving macroeconomic outlook and encourage investment in its banking and capital markets.

He also held talks with the Lord Mayor of London and fintech companies to foster greater investment and collaboration with Bangladesh’s financial sector, extending an invitation to the Lord Mayor to visit Bangladesh.

Additionally, meetings with money exchange houses explored ways to streamline remittances and sustain their growth.



  
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