PM asks expats to shun hundi in remittances

Prime Minister Sheikh Hasina on Wednesday asked the expatriate Bangladeshis not to send money home through the hundi, a cross-border money transfer method that bypasses the legal banking system. "I would like to request those who use hundi to stop it and instead send the money directly through banking channels," she

Hundi deprived Bangladesh of billions of dollars: CID

The arrest of 16 agents from several mobile financial services has revealed how illegal hundi businesses have deprived Bangladesh of billions of dollars amid a shortage of foreign currency and who are involved with business, police say. At least 5,000 agents from several mobile financial services, including bKash, Nagad, Rocket and