Dhaka, April 16 -- Nearly US$3.15 billion flows out illicitly from Bangladesh annually through offshore accounts while the country smarts from dearth of foreign-exchange reserves for over a year now, the World Bank reveals.

The offshore financial wealth of Bangladeshis is estimated at 0.7 per cent of the nation's GDP, the WB says quoting the State of the Tax Justice Report 2020.

Findings by the Washington-based multilateral financier just show the tip of the iceberg in capital flight from the country through several conduits, economists and analysts say.

The illicit fund flight, mainly taking place through alleged corporate abuse and offshore tax evasion, deprives Bangladesh of over US$700 million worth of revenue income, the Bank stat...