Dhaka, Nov 02 (V7N)- Approximately $12 billion to $15 billion has been illicitly transferred out of Bangladesh each year under the previous Awami League-led government, according to Dr. Iftekharuzzaman, Executive Director of Transparency International Bangladesh (TIB). Speaking at a seminar organized by the Economic Reporters' Forum in Dhaka on Saturday, Dr. Iftekharuzzaman identified trade-based money laundering as a primary channel for these outflows.

He highlighted that, while retrieving these laundered funds is achievable, it remains a lengthy process. Dr. Iftekharuzzaman further emphasized the need for greater accountability among politicians, bureaucrats, and businesses in combating this issue.

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