Finance Adviser Dr. Salehuddin Ahmed has expressed optimism that a portion of the money laundered abroad could be recovered by February next year.
Speaking to reporters after chairing a meeting of the Cabinet Division’s Government Purchase Committee at the Bangladesh Secretariat, Dr. Salehuddin said the repatriation process is progressing through legal and institutional channels, though it remains complex and time-consuming.
“Recovering laundered funds isn’t as simple as calling a foreign bank and asking for it back,” he noted. “It requires navigating international legal frameworks and financial protocols. However, we are seeing progress—talks are ongoing with reputable law firms and specific jurisdictions. We’re hopeful of achieving some results by February.”
The government, he said, has identified 11 to 12 high-priority cases of money laundering. Bangladesh Bank has already frozen assets, traced foreign accounts, and gathered information on those involved, including passport and residency details. “These cases are being pursued rigorously through formal legal procedures,” he added.
Asked whether the efforts would continue if a new government takes over after the upcoming elections, Dr. Salehuddin stressed that these processes are bound by international norms. “No matter who is in office, these procedures must continue. Without sustained effort, repatriation won’t be possible.”
Food Security and Market Stability
On food security, the Adviser said the government has approved rice imports as a precautionary measure despite current stockpiles. “We maintain buffer stocks of Atap rice. Import approvals are a contingency step to prevent any potential shortages caused by supply chain disruptions.”
He added that ensuring adequate supplies of fertilizers—particularly DAP and urea—remains a top priority. “Thankfully, international prices have eased. We’re taking steps to ensure the availability of key commodities to keep the market stable.”
Support for Vulnerable Communities
Commenting on a recent BBS report, Dr. Salehuddin highlighted ongoing government initiatives targeting children, mothers, and marginalized populations in coastal and haor regions. “Programs like the VGF are being reinforced. For instance, during the upcoming fishing ban, each fisherman’s household will receive 20 kilograms of rice.”
Market Monitoring
On current market conditions, he said rice prices have declined due to improved availability, though prices of vegetables and perishables remain subject to seasonal fluctuations. “Some manipulation still occurs in the wholesale and retail markets. That’s why we can’t yet claim full success in controlling prices,” he acknowledged.