Bangladesh Bank will legally challenge a petition filed by the controversial business conglomerate S Alam Group at the World Bank’s arbitration body, the International Centre for Settlement of Investment Disputes (ICSID), Governor Dr Ahsan H Mansur said on Wednesday.
Speaking to reporters after a meeting with Finance Adviser Dr Salehuddin Ahmed at the Secretariat, the governor said S Alam has claimed to be a Singaporean national, a claim Bangladesh Bank will challenge.
“We will prove that he is a Bangladeshi citizen. He served as chairman and director of several banks in Bangladesh,” Dr Mansur said, adding that the central bank would challenge the case legally.
“It will take 4-5 years to recover laundered funds,” the BB governor noted.
The remark came after a meeting on preventing money laundering and recovering laundered funds, held at the Secretariat with Finance Adviser Dr Salehuddin Ahmed in the chair.
LND/SAE
………………
For 24/7 Breaking News :
📰 English News : www.libertynewsbd.com
📰 বাংলা সংবাদ : bangla.libertynewsbd.com
📰 Facebook : facebook.com/libertynewsbd
📰 Facebook (বাংলা) : facebook.com/libertynewsbangla
📰 X (Twitter) : x.com/libertynewsbd
📰 Instagram : instagram.com/libertynewsbd
📰 YouTube : youtube.com/@LibertyNewsBD
📰 YouTube : youtube.com/@LibertyNewsPlus
