** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **
Gold smuggling

Tk 73000cr being laundered annually: BAJUS

14 August 2022

Staff Reporter :
Bangladesh Jeweller's Association (BAJUS) on Saturday urged the government to strengthen drives against gold smuggling, as Tk73,000 crore is being laundered annually through gold smuggling.
"In a recent assessment, we found that gold worth of taka two billion is being smuggled into the country every day. So, the smuggling of gold causes money laundering of Tk730 billion annually," Enamul Haque Khan Dolan, Chairman of  BAJUS Standing Committee on Anti-Smuggling and Law Enforcement, told a press briefing held in its head office in Dhaka.
BAJUS Vice-Chairman of the anti-smuggling committee Bidhan Malakar, Member-Secretary Iqbal Uddin, and members Swapan Chandra Karmakar, Bikash Ghosh, Nazrul Islam and Babul Rahman were present.
The BAJUS leader claimed that the money laundering through gold smuggling by a group of greedy businessmen has created negative impact on the country's foreign currency reserve.
On behalf of BAJUS President Sayem Sobhan Anvir, the trade body leader requested Bangladesh Bank and National Board of Revenue (NBR) to make an assessment on economic impact of the money being laundered through gold smuggling.
Enamul Haque said, BAJUS is conducting research to find out the actual demand and supply of gold industry of Bangladesh as there is no official data available now.
The trade body also urged the businessmen to sell jewelry with hallmark to protect the industry from fake gold.
Last week, BAJUS President Sayem Sobhan Anvir wrote to the home and finance ministers and the National Board of Revenue (NBR) Chairman, urging them to allocate at least 25 percent of the gold being recovered during drives as reward to the members of law enforcement agencies and customs.
BAJUS, a platform of around 40 thousand jewelry retailers, made the proposal to inspire the law enforcers to strengthen their efforts to prevent gold smuggling.

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