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Moudud says $7 billion have been siphoned off

  • Published at 08:47 pm June 16th, 2019
moudud ahmed
File photo of BNP Standing Committee member Moudud Ahmed Syed Zakir Hossain/Dhaka Tribune

The money was siphoned off from Bangladesh by ‘government-backed people’ in the last decade

BNP senior leader Moudud Ahmed said that around $7 billion were siphoned off from Bangladesh by “government-backed people” over the last one decade.

Speaking at a human chain program, he said the scope for whitening black money was kept in the proposed budget for fiscal year 2019-20 Fiscal to allow ruling party men to legalize their ill-gotten money, reports UNB.

“Around $7 billion were siphoned off from Bangladesh over the last one decade…those who are doing business backed by the government laundered the money instead of investing it in the country,” he said.

Moudud said the ruling party-supported people built houses, shopping malls and set up big businesses in other countries including Malaysia, USA, Australia, and Canada, siphoning off huge amounts of money from Bangladesh.  

“They did it as an alternative measure as they know very well that it will be very difficult for them to stay in Bangladesh when the fall of the current regime is ensured,” he added.

He said the government has kept the option open for whitening black money for over 10 years so that ruling party-backed people who made huge amounts of illegal money through corrupt practices can legalize their ill-gotten gains.