APG expresses concerns over banking, stock market looting and capital flight during Hasina regime - The Business Standard
APG expresses concerns over banking, stock market looting and capital flight during Hasina regime - The Business Standard
Source: The Business Standard
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DW NOTE
Bangladesh's Asset Protection Group is investigating what it claims was systematic looting during Sheikh Hasina's tenure, which ended when she fled to India in August 2024. The word "looting" is doing a lot of work here — capital flight can mean many things, from rational portfolio diversification to outright theft through shell companies. Without specifics on mechanisms or scale, this reads like the standard playbook of successor regimes: blame the predecessor for empty coffers while establishing political cover for whatever comes next.