Bangladesh, Aug. 10 -- The Bangladesh Financial Intelligence Unit (BFIU) has identified 42 defaulting entities, each having non-performing loans of more than Tk 2.0 billion, in a fresh drive to trace and recover their assets allegedly siphoned abroad.

Advertisement The matter was discussed in a meeting between BFIU high-ups and top executives of commercial banks at the Bangladesh Bank (BB) headquarters in the capital on Sunday.

Central bank Governor Md Mostaqur Rahman chaired the meeting.

Confirming meeting outcomes, BB Spokesperson and Executive Director Arief Hossain Khan said the 42 entities would be investigated as each had defaulted on loans exceeding Tk 2.0 billion and faced allegations of money laundering.

"The governor has in...