The relevant institutions have been directed to play an effective role in stopping the origin of black money, preventing money laundering and bringing back the money. Discussions will be held with the international community to bring back the money laundered.

Finance and Planning Advisor Dr. Salehuddin Ahmed said these things in the meeting of the government’s high level committee to prevent money laundering and financing of terrorism. Bangladesh Bank Governor Dr Ahsan H Mansoor, Foreign Secretary Masud Bin Momen, Finance Secretary Dr Md Khairuzzaman Majumdar and other members of the committee were present at this time.

Salehuddin Ahmed said, various ministries and organizations responsible for preventing money laundering and terrorist financing have been told that they cannot be slow in fulfilling their responsibilities. Immediate action should be taken. Any changes in directives or laws will be made if necessary for speedy implementation. However, sufficient activities can be conducted with existing laws. There is nothing to fear if you follow the laws and regulations for the sake of the country.
The financial advisor said, some names are being heard who have done money laundering. Actions have already started regarding them. In some cases bank accounts have been frozen as well as loan disbursements have been stopped. These will be continued by the government. A review meeting will be held after a few days.

In response to a question from journalists, he said that there was definitely a decision made in the meeting about bringing back the money smuggled out of the country. The first is to ensure that black money is not generated. There is no ‘level playing field’ when black money originates. Then honest businessmen cannot do business properly. If there is such money, where has it gone and how is it – to be ascertained. At the same time, if any money has gone out of the country, surely initiatives will be taken to bring it back. However, in this case there is a matter of international relations. They have laws. It will take time to determine how much money has been laundered from Bangladesh.

Names of various people including S Alam, Salman F Rahman are appearing in the list of money launderers and to the question whether any action will be taken against them, he said that certain bank accounts have already been frozen.

As the chairman of Bangladesh Securities and Exchange Commission (BSEC). In response to a question regarding the appointment of M. Masroor Riaz, he said, “There have been some questions about him (Masroor). We will review the matter. Then a decision will be taken in a day or two.

Meeting on inflation

Finance and Planning Advisor Dr. held another meeting yesterday to review the inflation and food supply situation. Salehuddin Ahmed. After the meeting, he told reporters that inflation will be brought under control by increasing production and ensuring supply of goods through timely imports where necessary. These measures will reduce the price of daily commodities. But it will not decrease overnight. Again it will not take ages. There will be more coordination between monetary policy and fiscal policy to control inflation.

Regarding the syndicate in the market, he said, it has been discussed. Nothing escaped our notice. I have some ideas. The Governor has. Secretaries are very experienced.