TOUSIF KAIUM and MOHAMMAD JAMIL KHAN

The Criminal Investigation Department (CID) has recovered around $3.622 million that was collected from people and siphoned abroad through the MTFE scam.

The amount, equivalent to about Tk 44.45 crore, was repatriated last week through the SWIFT banking system to Sonali Bank’s principal branch and is expected to be credited to the CID’s account today, said Mohammad Bashir Uddin, additional DIG of police.

The funds were deposited on March 14 by Asset Reality Limited, a firm assigned to handle the process of receiving the funds, and routed through JPMorgan Chase Bank to Sonali Bank’s head office, a senior CID official said on condition of anonymity.

The money has yet to be credited to CID’s account, as additional documentation was sought on March 24, a requirement for transfers exceeding $20,000.

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