Dhaka, Jan. 30 -- A trio of state agencies is joining forces to recover funds allegedly "laundered" by deposed prime minister Sheikh Hasina, her family members and 10 business conglomerates in Bangladesh.

The Anti-Corruption Commission, or ACC, will lead the effort, while the Criminal Investigation Department, or CID, and the National Board of Revenue, or NBR, collaborate.

The Bangladesh Financial Intelligence Unit, or BFIU, a financial watchdog that combats money laundering, will coordinate the task.

The accused face charges of bribery, corruption, fraud, forgery, money laundering, and evasion of taxes and duties.

There are also claims of illicit funds being transferred overseas to acquire business ownership, luxury flats, and proper...