capital flight from Bangladesh

The Daily Star Investigation / NRBC branch covered up capital flight

Export proceeds worth at least $3.45 million (Tk 34.41 crore) were not repatriated by six customers of NRB Commercial Bank’s Uttara branch, and the bank concealed the trail of the capital flight, according to the bank’s internal audit and case documents.

Another bank falls by the wayside

National Bank’s plight is the result of poor banking governance

IMF flags potential exodus of funds from Bangladesh

Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).

Issues our banking sector must address

As most of our economic sectors depend heavily on banks, it has created many problems for the banking sector and its depositors.

Unraveling capital flight from Bangladesh

Capital flight, a growing concern for Bangladesh over the past few decades, refers to the outflow of financial assets from a country. While usual outflow may also be foreign direct investment, the problem arises when the fund transferred from a country does not have proper documentation of source and there is no intend of repatriation of the fund. This leads to loss of government revenue and depletion of foreign currency reserves.

The urgent task of restrategising domestic resource mobilisation

Steps must be taken against those who have shifted money and wealth out of the country illegally.

March 22, 2024
March 22, 2024

NRBC branch covered up capital flight

Export proceeds worth at least $3.45 million (Tk 34.41 crore) were not repatriated by six customers of NRB Commercial Bank’s Uttara branch, and the bank concealed the trail of the capital flight, according to the bank’s internal audit and case documents.

December 28, 2023
December 28, 2023

Another bank falls by the wayside

National Bank’s plight is the result of poor banking governance

December 26, 2023
December 26, 2023

IMF flags potential exodus of funds from Bangladesh

Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).

December 5, 2023
December 5, 2023

Issues our banking sector must address

As most of our economic sectors depend heavily on banks, it has created many problems for the banking sector and its depositors.

August 20, 2023
August 20, 2023

Unraveling capital flight from Bangladesh

Capital flight, a growing concern for Bangladesh over the past few decades, refers to the outflow of financial assets from a country. While usual outflow may also be foreign direct investment, the problem arises when the fund transferred from a country does not have proper documentation of source and there is no intend of repatriation of the fund. This leads to loss of government revenue and depletion of foreign currency reserves.

April 29, 2023
April 29, 2023

The urgent task of restrategising domestic resource mobilisation

Steps must be taken against those who have shifted money and wealth out of the country illegally.