The White House has issued a firm denial of any involvement in the resignation and departure of Bangladesh Prime Minister Sheikh Hasina. The U.S. government has dismissed allegations of U.S. interference as “simply false.”
The denials came after initial claims by Hasina herself that the U.S. had orchestrated her ousting. However, these claims were later refuted by her son, Sajeeb Wazed, according to Reuters.
The White House has emphasized that the U.S. believes the Bangladeshi people should determine the future of their government. An interim government, led by Nobel Peace laureate Muhammad Yunus, has been sworn in, with the primary goal of conducting elections in Bangladesh.
The political situation in Bangladesh has been volatile, with violent protests leading to Hasina’s resignation and departure. This has had a significant impact on the country’s economy, particularly affecting luxury brands that rely on Bangladesh for sourcing.
Following the news of Hasina’s resignation, shares of companies like PVH Corp., Ralph Lauren Corp., and The Gap, Inc. declined in pre-market trading last week.
