siphoned

Definition

To convey, drain, or transfer funds or resources out of a source, often dishonestly or secretly.

Etymology

Derived from the Greek word 'siphon', meaning a tube used to move liquids. In modern English, it has evolved to metaphorically describe the systematic extraction of money or assets from an organization.

In the news

The word is used to describe the large-scale illegal removal of trillions of taka from the banking sector by the previous administration. It highlights the systemic economic damage that current officials are working to recover from.

New government pay scale at final stage despite inflation concerns: chief secretary

dailycountrytodaybd.com

Related words