Feeding the underground economy

In the first 10 months of the outgoing fiscal year, Tk 14,459.40 crore of undisclosed wealth was legalised in the country—as reported by The Daily Star citing data from the National Board of Revenue (NBR)—which, the government says, will play a big role in kick-starting the economy by injecting cash flow amidst the pandemic-induced financial struggles.

However, this record-breaking whitening of illegal cash raises some important questions about its social, economic and political implications.