Local assets of money embezzlers will be acquired soon: BB governor
"We have already communicated with the USA to bring back their foreign assets. A family of smugglers owns 500 to 600 homes in the UK. We will try to acquire their local assets and then we will bring back their foreign assets," he also said
Local assets of money embezzlers will soon be acquired, Bangladesh Bank Governor Ahsan H Mansur said today (4 September).
"The local assets of the people, who embezzled money from various banks will be acquired soon," he said at a press briefing at the central bank's headquarters in the city.
"Besides, laundered money will also be brought back home. We have already communicated with various countries to this end," he added.
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"The corrupted people mainly laundered money to Dubai, Singapore and the USA. We have already communicated with the USA to bring back their foreign assets. A family of smugglers owns 500 to 600 homes in the UK. We will try to acquire their local assets and then we will bring back their foreign assets," he said.
The BB governor stated that money was taken out of eight banks and looted in various ways.
"Depositors have knowingly kept money in these banks in the hope of higher interest. But the central bank will look after the interests of the depositors, there is nothing to panic. Everyone should not go to these banks along the line.
"I would request the depositors not to line up to withdraw money together. Withdraw as much as you need to meet family needs. Give us some time. We hope the banks will turn around. I want to make one thing clear that the entire banking sector will not be damaged due to these 8 banks. This sector will turn around soon," said the central bank chief.
The names of the eight banks could not be confirmed immediately.
Meanwhile, the governor also said, "No more liquidity assistance will be given to any bank by printing new money."
However, he added that banks will get money through inter-bank lending against the central bank's guarantee.
From there, banks will return clients' money in phases.
Besides, Mansur said depositors' money will be returned by selling the assets in the country of the customers and returning the smuggled money.
When asked whether the availability of private sector loans will be affected if money is lent through interbank channels, he said, it will be lent in this way as part of liquidity management.
"Private sector loans will not be affected due to this. Because deposits are increasing in many good banks. Deposit growth of some banks is 30-40%. As a result, there will be no problem."
