The Excessive Court docket (HC) on Wednesday ordered the pinnacle of Bangladesh Monetary Intelligence Unit (BFIU) to type a analysis cell to forestall cash laundering, deliver again laundered cash, monitor and management it.HC bench of Justice Md Nazrul Islam Talukder and Justice Khizir Hayat handed the order after fixing October 26 for subsequent listening to.BFIU head Md Masud Biswas was additionally directed to submit a progress report relating to the formation of Analysis Cell by the following listening to.The courtroom mentioned solely alternate of letters is not going to be efficient to deliver again the laundered cash.HC requested the BFIU head, "You should take obligatory efficient steps.You have to monitor this problem correctly. You should have information and sincerity to this impact. If India can do it, why cannot we?"The BFIU head appeared earlier than the HC bench immediately (Wednesday) after being summoned on Tuesday.He additionally supplied unconditional apology for submitting an incomplete report relating to the data of cash deposited by Bangladeshis to Swiss Banks that comprises no title, tackle or place of the one who submitted the identical, mentioned Deputy Legal professional Common AKM Amin Uddin.The courtroom had noticed that submitting such a report is like taking an motion however with none duty.DAG Amin Uddin and Assistant Legal professional Common Anna Khanam Koli represented the state whereas advocate Khurshid Alam Khan appeared for the Anti-Corruption Fee (ACC) through the listening to.On August 10, the Swiss ambassador in Dhaka Nathalie Chuard mentioned that they've been offering the Bangladesh authorities with all info relating to deposits of Bangladeshi cash in Swiss banks, "however no request has been submitted relating to any explicit account".On August 11, the HC bench ordered the federal government and the ACC to clarify why the federal government did not search info of deposits of Bangladesh cash stashed in Swiss banks.On August 14, BFIU was requested to submit a report on this regard within the affidavit type.On August 21, following the HC order, BFIU's report was submitted stating that the data relating to deposits of 67 Bangladeshis in numerous Swiss banks was sought from the authorities involved in Bern.However the Swiss authorities solely offered the small print of 1 particular person on this regard which BFIU additionally submitted to the ACC, BFIU mentioned in its report.In line with the report, the Swiss financial institution revealed its annual report on June 16 this 12 months. On the next day, the Swiss authorities have been requested to supply obligatory details about the cash deposited by Bangladeshi banks and people in numerous Swiss banks by means of Egmont Safe Internet (ESW).Nevertheless, Bangladesh has not but obtained any info. BFIU even requested FIEU for this info on June 17 final, it added. Newest Information