Ahsan Mansur estimates that approximately $17 billion was siphoned from Bangladesh's financial system during the previous government, with other economists suggesting losses may exceed $30 billion.
Mansur indicated that the highest political authorities recognized banks as prime targets for looting, necessitating the takeover of the central bank and several private banks.
The systematic scheme involved banks issuing billions in loans to companies, some of which were fictitious, resulting in a massive illegal outflow of funds from the country.
The fallout from this vast financial misappropriation has left many Bangladeshi banks on life support, struggling to meet customer withdrawal requests and limit credit.
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