Bangladesh verifying authenticity of Panama Papers leaked names

Last updated: May 11, 2016

Dhaka, Bangladesh (BBN) - The central bank of Bangladesh has started verifying the authenticity of the names leaked in latest publication by Panama Papers, whether the people were involved in capital flight or not, an official said.
“We’re now working on the issue,” a senior official of the Bangladesh Bank (BB), who is now working under Bangladesh Financial Intelligence Unit (BFIU), told BBN in Dhaka.
He also said the BFIU will share information about the people mentioned in the leak with other agencies concerned if necessary.
Names of some 56 Bangladeshi citizens and companies have appeared in the latest Panama Papers leak, raising questions about how the funds were transferred outside or kept abroad breaching the existing rules.
Currently, there is no scope to transfer money using banking channel as Bangladesh has yet to allow its currency to convert under capital account.
The International Consortium of Investigative Journalists (ICIJ) released the text on Monday (May 9). The latest release includes the names in Panama Papers, leaked last month, and also Offshore Leaks, released in 2014 by ICIJ.
Names of 23 individuals are included in Panama Papers while 33 are in Offshore Leaks.
The list includes names of political leaders, businessmen, professionals and their relatives.

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