Government’s inaction in recovering laundered money from Swiss Banks challenged in HC

Staff Correspondent | Published: 18:37, Feb 01,2021 | Updated: 01:21, Feb 02,2021

 
 

A writ petition was filed in the High Court on Monday challenging the government’s ‘failure and inaction’ in recovering a huge amount of money laundered by Bangladeshi citizens or companies or other entities to foreign banks, particularly to Swiss banks.

The petitioners, Abdul Kaium Khan and Subir Nandi Das, both Supreme Court lawyers, also sought a directive to the government to initiate immediate efforts to recover the laundered money.

They also prayed for another directive to the government to use the Central Bank of Switzerland for freezing the amounts of foreign banks which is holding the Musa Bin Shamser’s assets.

The writ petition would be moved for hearing by the bench of Justice Md Nazrul Islam Talukder and Justice Mohi Uddin Shamim today, Subir Nandi Das told New Age.  

Fifteen government authorities — secretaries of the ministries of finance, commerce, foreign, home and law, Anti-Corruption Commission chairman, Bangladesh Bank governor, Bangladesh Financial Intelligence Unit chief and Bangladesh Securities and Exchange Commission chairman and the registrar of the Joint Stock Companies and Firms — have been made respondents in the petition.

The petitioners said that the government agencies failed to perform their duties to prosecute people and entities who have laundered money to foreign banks.

They said that it was evident from the news report that a huge sum of asset of controversial businessman Moosa Bin Shamsher was laying in Swiss jurisdiction and the investigation against him had been delayed for some unknown reasons.

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