Foreign Affairs Adviser Md. Touhid Hossain has alleged that Bangladesh experienced extensive money laundering and looting through accounting manipulation and corruption over the past 15 years. He made the remarks on Saturday, January 17, at the ‘SAFA International Conference’ held at a hotel in Dhaka.

Hossain stated that a lack of transparency and weaknesses in financial accounting have hindered both foreign investment and the proper use of domestic resources. He said the burden of financial mismanagement ultimately falls on ordinary citizens, emphasizing the urgent need to ensure professional ethics and competence. He also urged South Asian countries to work together to address global instability.

The adviser added that the next generation of professionals—including accountants, auditors, and economic analysts—will play a vital role in restoring the economy through integrity, accountability, and innovation, helping to strengthen Bangladesh’s position amid global challenges.