The Financial Express

Four-member ACC team to enquire about Tk 640b money laundering allegation

| Updated: February 23, 2021 10:43:41

- Picture used for illustrative purpose - Picture used for illustrative purpose

The Anti-Corruption Commission (ACC) has formed a four-member team to enquire allegations of trade-based money laundering worth over Tk 640 billion.

"The commission has received allegations of money laundering under the cover of export-import trade against some garment companies," said ACC secretary Dr Md Anwar Hossain Howlader on Monday.

Briefing journalists at the ACC headquarters at Segunbagicha about the enquiry, he said the ACC also acquired information about involvement of some government officials in the process.

The commission has received some documents on over-invoicing from the National Board of Revenue (NBR), which are currently under scrutiny, he added.

Recently, the national anti-graft watchdog sought information of over-invoicing by some garment companies from the revenue board.

Referring to allegations of Tk 640 billion trade-based money laundering every year, Mr Howlader said, "We've received some documents from the NBR, but it will take some time to scrutinise."

He hoped the revenue authorities would provide information of over-invoicing regularly from now on.

Currently, the commission is enquiring allegations of laundering Tk 1.75 billion by apparel manufacturer Al-Muslim Group.

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