The Bangladesh Bank has recruited three firms of accountants to probe the misappropriation of $17 billion from banks. Bangladesh Bank has appointed three of the world’s largest accounting firms—EY, Deloitte, and KPMG—to investigate the embezzlement of $17 billion (1,700 crore USD) from the country’s banking sector. Allegations have surfaced that individuals close to former Prime Minister Sheikh Hasina are involved in the misappropriation of these funds.
The Bangladesh Bank has recruited: In an interview with the Financial Times, Bangladesh Bank Governor Ahsan H. Mansur shared these details, as reported by Reuters.
He stated that the Bangladesh Financial Intelligence Unit (BFIU) has formed 11 joint investigation committees to trace and recover assets purchased with the embezzled money. Bangladesh aims to bring the offenders to justice.
Reuters reached out to EY and Deloitte for comments, but they declined to respond after business hours. Attempts to contact KPMG via email were also unsuccessful.
In the interview, Ahsan H. Mansur further revealed that investigations are underway against 10 major companies in the country as well as members of former Prime Minister Sheikh Hasina’s family.
