Dhaka, April 28 -- The United Kingdom has frozen over 250-million-pound worth of Bangladesh's siphoned-off wealth, in a breakthrough in Dhaka's asset-recovery drive.

British High Commissioner in Bangladesh Sarah Kooke broke the news Tuesday in Dhaka and underscored London's commitment to tackling illicit finance and supporting Dhaka's efforts to recover stolen wealth.

Speaking at an event organised by the Diplomatic Correspondents Association of Bangladesh (DCAB) in Dhaka, Cooke said the move reflected the UK's determination to uphold the rule of law and protect the integrity of the global financial system.

She adds that London would host an international summit on illicit finance later this year to strengthen cooperation and coordinat...