BB to give liquidity support to banks 

Bangladesh Bank (BB) will provide liquidity support to banks that are facing problem.

BB Governor Dr Ahsan H Mansur was speaking at a press briefing at the central bank’s headquarters in the city on Wednesday.

The government is working to bring back the money laundered abroad and acquire local assets of the people, who had embezzled money from banks, he said.

Mansur said some unscrupulous businessmen and other influential persons have embezzled huge sum of money anonymously in recent years and laundered it abroad through rampant corruption and fraud in the banking sector.

“The corrupted people mainly laundered money to Dubai, Singapore and the USA. We have already communicated with the USA to bring back their foreign assets. A family of smugglers owns 500 to 600 homes in the UK. We will try to acquire their local assets and then we will bring back their foreign assets,” he categorically said.

The central bank governor however, said reforms are underway in banks and financial institutions associated with such corruption and money laundering.