Dhaka, March 23 -- Tycoons first opened trust fund and then siphoned off funds to tax-haven island nations before transferring to developed countries for finally settling in the chosen destinations, financial intelligence has found out.

This is a common pattern of asset accumulation and laundering by big guns during the long reign of the past autocratic government, toppled in the August-5th uprising, according to the findings reported by Bangladesh Financial Intelligence Unit (BFIU) in a geared-up recovery hunt.

Officials concerned have said this common pattern was followed in laundering "significant amounts" of money by 11 big-name individuals and businesses linked to the deposed Sheikh Hasina regime.

According to the discoveries of t...