, May 19 -- The government is working to establish a dedicated fund to manage the seized and frozen money and shares of individuals who have embezzled funds through illicit means.

This fund will be used to provide financial support to banks that have been affected by such looting, enabling them to repay their depositors.

Bangladesh Bank Governor Dr. Ahsan H. Mansur said this while speaking at a press conference held at the Foreign Service Academy in the capital on Monday.

He said the funds recovered from illegal activities outside the banking sector will be allocated for the welfare of the needy and poor people.

Also present at the event were the Principal Advisor's Press Secretary Shafiqul Alam and the head of the Bangladesh Financia...