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Bangladesh Targets Overseas Assets in 12 Countries to Recover Siphoned Bank Loans
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Bangladesh Targets Overseas Assets in 12 Countries to Recover Siphoned Bank Loans
By Asif Showkat Kallol (Dhaka Bureau) In an unprecedented effort to restore discipline to its financial sector and reclaim money laundered abroad, Bangladesh has launched an ambitious international legal campaign. Banks in the country have begun hiring world-renowned international law and professional services firms to trace and recover assets built overseas using billions of taka in unpaid loans. The initiative initially targets 42 major corpor…
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