Reforms, investment, laundered asset recovery on agenda as CA Yunus meets UK PM after Eid

Dhaka, Bangladesh || Sunday, 3 May 2026 || 19 Boishakh 1433

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Reforms, investment, laundered asset recovery on agenda as CA Yunus meets UK PM after Eid

Published : Thursday, 5 June, 2025 at 11:50 AM, Count : 237

Reforms, investment, laundered asset recovery on agenda as CA Yunus meets UK PM after Eid

Yunus earlier sought support from the British government through its envoy in Dhaka to track and get back the money laundered to the UK allegedly by the people linked to the Sheikh Hasina-led previous government.

Senior officials from the Bangladesh Bank and the Anti-Corruption Commission will also accompany the chief adviser during the visit to discuss ways to repatriate the laundered money.

Since the ouster of the previous Awami League government last August, a significant number of senior and mid-level party leaders, along with civil and military bureaucrats and close associates, have taken refuge in the UK.

Sources in the Bangladesh Bank, NBR and ACC said these people laundered money worth several billion US dollars.

Iftekharuzzaman, executive director of Transparency International Bangladesh, said the country witnessed between $12 billion and $15 billion syphoned out every year over the last 15 years.

Yunus is likely to seek the UK government's assistance in recovering the laundered money as well as London's support for Bangladesh's reform initiatives.

As Bangladesh pursues the UK model of democracy, Yunus is expected to also seek the UK's support for strengthening democracy in Bangladesh.

As the foreign direct investment dropped, Bangladesh suffered heavily last year. Yunus will invite UK entrepreneurs to invest in Bangladesh.

The UK held the top position in terms of net FDI inflows with $433 million in 2022, $528 million in 2023 and $410 million in 2024, according to Bangladesh Bank data.

As the Rohingya and a potential humanitarian corridor to Rakhine are pressing issues, Dhaka is also likely to raise the matter and seek the UK's increased involvement.

In 2024, the UK pledged an additional £12 million in humanitarian aid to support both the refugees and host communities.

Bangladesh's export to the UK recorded at $4,477 million in FY24 and $3,855 million during July-April of FY25, according to the data of the Export Promotion Bureau (EPB).

As Bangladesh nears its graduation from Least Developed Country (LDC) status in 2026, its relationship with the UK has seen recalibrations, highlighting trade and investment.

Despite global economic turbulence and political changes in Bangladesh, the bilateral relationship between Dhaka and London continued to flourish across multiple sectors.

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