The previous government in Bangladesh led by Muhammad Yunus is under scrutiny for alleged corruption, with accusations of funds being funneled into Swiss bank accounts and tax havens like the Cayman Islands and British Virgin Islands. Recent data reveals a significant increase in Swiss banking deposits linked to Bangladeshi nationals, rising by about 41% in 2025 to 834.1 million Swiss francs from 590 million in 2024 during Yunus’ tenure.
These figures, disclosed in the Swiss National Bank’s annual report, have sparked discussions on financial transparency and external wealth accumulation. The reported amount, equivalent to approximately 12,678 crore Bangladeshi taka at current exchange rates, marks the highest Bangladeshi deposits in Swiss banks since 2021, making it the second-highest level in the past decade.
Critics note that Swiss banking statistics offer only a limited view of a broader global financial scenario, with illicit funds flowing to various international destinations beyond Switzerland. Estimates suggest that Bangladesh may have experienced outflows as high as 200,000 crore BDT in a single year, emphasizing the need for thorough investigation, transparent financial reporting, and historical documentation.
Amidst debates on the scale of capital flight and institutional challenges during Yunus’ administration, critics call for accountability, transparency, and historical scrutiny. The period under Yunus is seen as a critical juncture demanding detailed examination and national reflection on issues of narrative, responsibility, and economic independence.
