
Bangladesh’s stolen billions: Europe and UK must act
Bangladesh’s ex-leader Sheikh Hasina and her entourage had nearly two decades to feather their nests before they were driven out of the country in a popular revolution last summer. Bangladesh’s new government says that nearly $248 billion (€237bn) was stolen by her and her cronies.
Businesses linked to Hasina’s Awami League took out huge loans from state-owned banks that were never repaid. That cash was funnelled out of Bangladesh using the Hundi money transfer system.
An investigation by the Observer and Transparency I...
