Unscrupulous businesses and political elites have siphoned off billions of dollars worth of money each year from the impoverished Bangladesh during the past regime under Sheikh Hasina, further weakening the country’s economic base, according to a 400-page white paper prepared by the interim government.
“Systemic tax evasion, misuse of exemptions, and poorly managed public finances have deprived the state of critical resources, stalling development,” the paper said.
It said “Between 2009 and 2023, illicit financial outflows averaged $16 billion annually more than double the combined value of net foreign aid and FDI inflows.”
The committee identified a number of channels of...
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