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Govt to ensure safety of depositors' money: BB chief
Bangladesh Bank (BB) Governor Ahsan H Mansur today said the government will ensure safety of depositors' money by taking over banks before the merger of weak banks.
"Depositors have no reason to worry as they will be part of a strong bank," he said while speaking at a press conference at BB headquarters in the city.
The central bank organised the press conference to release the annual report of the Bangladesh Financial Intelligence Unit (BFIU).
In his speech, the governor said the central bank will raise funds for the bank resolution fund before going for the mergers, reports BSS.
Mansur, however, said the central bank will not create any obstacle for any business entity by freezing bank accounts.
Regarding money laundered during the previous Awami League government, he said $18 to 20 billion were laundered and it will take three to five years to bring back this money.
He also said that Bangladesh did not have experience in bringing back laundered money.
"Inter-ministerial initiative is now being taken and the government will amend necessary rules and regulations. The power of the task force will be increased," he added.
Ahsan H Mansur said so far no business account has been seized, and no obstacles are being created in conducting business. Only personal accounts have been seized, he added.