Desk Report,
S Alam will spend $30 million a year on his lawyer: Governor
Advisor’s Press Secretary Shafiqul Alam and the head of the central bank’s financial intelligence unit BFIU AFM Shahinul Islam. Earlier this morning, a meeting was held in this regard at the state guest house Jamuna under the chairmanship of Chief Advisor Professor Muhammad Yunus.
S Alam will spend $30 million a year on his lawyer: Governor
The Governor addressed a press conference after reviewing the progress of bringing back the money laundered from the country in the meeting.
Regarding the statement that those who laundered money from the country cannot live in peace, the Governor was asked, are they actually not at peace? In response, Governor Ahsan H Mansur said, ‘I don’t believe they are at peace. They are appointing big lawyers. We have heard that S Alam will spend 30 million dollars a year on his lawyer. This is not a sign of his being at peace. Being able to bring back the money and being at peace are two different things. We have been able to lose sleep. It will take time to bring back the money. Because, it will proceed by following the legal process.’Follow

Bangladesh Bank Governor Ahsan H Mansur spoke at a press conference organized at the Foreign Service Academy in the capital on Monday. Photo courtesy of the Chief Advisor’s Press Wing
The government is forming a separate fund to manage the attached and blocked money and shares of those who have embezzled money through looting. Money will be given from that fund to the banks affected by looting. The banks will be able to return this money to the depositors. In addition, the money that has been looted illegally from outside the bank will be spent for the welfare of the poor people.
Bangladesh Bank Governor Ahsan H Mansur gave this information at a press conference organized at the Foreign Service Academy in the capital on Monday. The program was attended by the Chief Advisor’s Press Secretary Shafiqul Alam and AFM Shahinul Islam, Head of the Central Bank’s Financial Intelligence Unit BFIU. Earlier this morning, a meeting was held at the state guest house Jamuna under the chairmanship of Chief Advisor Professor Muhammad Yunus. The governor addressed a press conference after reviewing the progress of bringing back the money laundered from the country.
Regarding the statement that those who have laundered money from the country cannot live in peace, the governor was asked, are they actually not at peace? In response, Governor Ahsan H Mansur said, “I don’t believe they are at peace. They are appointing big lawyers. We have heard that S Alam will spend $30 million a year on his lawyer. This is not a sign of his being at peace. Being able to bring back the money and being at peace are two different things. We have been able to lose sleep. It will take time to bring back the money. Because, it will proceed by following the legal process.”
Eleven teams under the Inter-Agency Task Force are investigating the allegations of money laundering against the country’s 10 largest business groups and the family of former Prime Minister Sheikh Hasina. The updated information regarding this was presented in the meeting. The 10 industrial groups that have been investigated outside Sheikh Hasina’s family are S Alam Group, Beximco Group, Nabil Group, Summit Group, Orion Group, Gemcon Group, NASA Group, Bashundhara Group, Sikder Group and Aramit Group.
Press Secretary Shafiqul Alam said, “Another reflection of the fact that they are not at peace is that 125 more medium-sized irregularities are coming under investigation, which have looted more than Tk 200 crore. We are working with 20 foreign legal institutions. Now the scope of work of what will be done with these institutions is being decided.”
Governor Ahsan H Mansur said, this is the first time that this government has decided to form such a fund. Because, the seized money and assets have already come under the control of the government. It will be possible to start the activities of this fund soon. If necessary, changes will be made in the law. The bank’s money will be returned to the bank. The money that has been embezzled from other sectors will be spent on charitable works.
