Bangladesh's central bank chief has condemned the unprecedented theft of nearly $17 billion from banks, orchestrated by businessmen linked to former Prime Minister Sheikh Hasina, often under duress. Following Hasina's fall, the new leadership aims to reform the banking sector and recover stolen funds, highlighting systemic corruption and mismanagement that led to repeated bank bailouts. The S. Alam Group, a major player in this scandal, is accused of exploiting political connections to siphon off vast sums, leaving the banking system in disarray.
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