Media exaggerated rise of Bangladeshi deposit in Swiss banks: Muhith

PV Desk : The media have made exaggerated claims about a sharp rise of Swiss bank deposits by Bangladeshis, Finance Minister AMA Muhith has said.

The figure rose 20 percent year-on-year in 2016, according to the data recently released by the Swiss National Bank.

Several news outlets claimed that more money were being smuggled out of the country, while BNP Chairperson Khaleda Zia accused the ruling Awami League figures of supporting attempts to hide black money in the tax haven.

“The issue of money laundering is not like that in reality. The figure is for transaction and wealth. The laundered figure is actually quite small,” Muhith told parliament on Tuesday.

“The news media did leading stories on money laundering. The reports even said Swiss deposits rose over $698 million because of money laundered by Bangladeshis. The figure in 2015 was $582.43 million.