Legal action will be taken if GFI report proves to be true, says law minister

Legal steps will be taken against those who siphoned capital out of Bangladesh, Law Minister Anisul Huq has said, referring to a report that Bangladesh lost as much as $8.97 billion in 2014 to illicit fund outflows.

Senior Correspondentbdnews24.com
Published : 3 May 2017, 12:34 PM
Updated : 3 May 2017, 01:12 PM

Bangladesh lost $75.15 billion due to trade misinvoicing and other unrecorded outflows between 2005 and 2014, according to the report released by Washington-based Global Financial Integrity or GFI on Monday.

“If the report is found true, the perpetrators will be tried under Anti-Money Laundering Act," the minister told reporters at the secretariat on Wednesday.