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Bangladesh seeks Canada’s assistance in recovering laundered money

Published : Tuesday, 4 February, 2025 at 6:03 PM  Count : 457
Canadian High Commissioner in Dhaka Ajit Singh today meet at Chief Adviser Professor Muhammad Yunus the State guest House Jamuna. Photo : PID

Canadian High Commissioner in Dhaka Ajit Singh today meet at Chief Adviser Professor Muhammad Yunus the State guest House Jamuna. Photo : PID


Chief Adviser Professor Muhammad Yunus has urged Canada to assist Bangladesh in recovering money illegally transferred to the North American country. 

During a meeting with Canadian High Commissioner Ajit Singh at the State Guest House Jamuna, he emphasized the need for cooperation in identifying, freezing, and repatriating assets acquired through illicit means. 
He stated that vast sums of money were stolen by politically connected individuals and laundered to Canada, including investments in properties in Toronto's well-known "Begum Para" neighborhood.  

The Chief Adviser highlighted the importance of recovering these assets, asserting that the stolen funds rightfully belong to the people of Bangladesh. 

In response, the Canadian envoy expressed appreciation for the interim government's efforts and assured support in the process. He noted that Canada has mechanisms in place to freeze and recover money if requested by the Bangladeshi government. The discussion also included Canada’s willingness to assist in governance reforms and democratic transition.  

The Canadian High Commissioner conveyed his country’s interest in expanding trade relations and investment in Bangladesh. He mentioned that a Canadian minister is expected to visit soon to discuss matters of mutual benefit. 

Professor Yunus, recalling his previous meeting with Canadian Prime Minister Justin Trudeau at the United Nations General Assembly, stressed the need for increased Canadian investment in Bangladesh. He encouraged Canadian businesses to explore opportunities in the country and suggested that Canada consider relocating factories to Bangladesh.  

The Chief Adviser further emphasized the growing presence of Bangladeshis in Canada and called for Ottawa to establish a dedicated visa office in Dhaka. 

The meeting was attended by senior officials, including Lamiya Morshed, Senior Secretary and Principal Coordinator of SDG Affairs. Both parties expressed optimism about strengthening economic and diplomatic ties while addressing financial irregularities.


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