Process to recover laundered money progressing gradually: Finance Adviser

Finance Adviser Dr Salehuddin Ahmed on Monday said the process of bringing back laundered money is advancing gradually through legal and institutional mechanisms though it requires time and cannot be done overnight. "Bringing the money back is not like calling up the Swiss Bank and asking them to hand it over. It has to go through international legal and financial procedures," he said while talking to reporters after the meeting of the Advisers Committee on Government Purchase at the Secretariat. Some progress has been made in this regard and discussions are ongoing with several reputed law firms, he said. "We hope some results might come by February." The adviser said those who siphon off money abroad are usually very shrewd...