[🇧🇩] Everything about Hasina's misrule/Laundered Money etc.

BNP for trial of officials accused of vote rigging
FE REPORT
Published :
Dec 16, 2024 10:29
Updated :
Dec 16, 2024 10:29



Bangladesh Nationalist Party (BNP) demanded on Sunday holding trial of the officials accused of vote rigging during elections of the previous Awami League government.

Member of BNP's public administration reform committee and also former secretary Ismail Jabiullah made the demand while handing over the party's recommendations on public administration to public administration secretary Md Mokles Ur Rahman at the Bangladesh Secretariat.

He said that BNP wants non-partisan officials in the public administration.

Member of the committee and also former public administration secretary Abu Mohammad Moniruzzaman Khan was also present.

In the recommendation, BNP demanded trial of the officials involved with election mechanism during Sheikh Hasina's regime.

Apart from holding trial of the officials involved with vote stealing, the BNP also suggested reshuffling administration three months before the general election and removing officials working in collaboration with Awami League (AL).The party also demanded ensuring justice to the officials who were deprived during the immediate past AL government.​

ACC to probe graft allegations against ousted Bangladesh PM Hasina, family
Staff Correspondent 17 December, 2024, 16:56


Sheikh Hasina | File photo

The Anti-Corruption Commission on Tuesday decided to carry out an inquiry against deposed prime minister Sheikh Hasina and her family members over allegations of corruption worth Tk 80,000 crore accumulated from various development projects.

The decision came at a meeting held at the commission headquarters in Dhaka city presided over by newly appointed chairman of the agency Md Abdul Momen, said its director general Aktar Hossain.

Apart from Sheikh Hasina, her sister Sheikh Rehana, her son Sajeeb Wazed Joy and her niece Tulip Siddiq are also facing the graft allegations.

ACC officials said that the corruptions occurred in nine development projects, including the Rooppur Nuclear Power Project, Special Shelter Project, Bangladesh Economic Zone projects, and Bangladesh Export Processing Zone projects.

Officials said that the commission received allegations of corruption worth Tk 59,000 crore in the Rooppur Nuclear Power Plant project against the suspects.

Other allegations involve corruption worth Tk 21,000 crore in eight other projects initiated by the Awami League government during its tenure.

Earlier on December 15, the High Court issued a rule questioning the ACC and government authorities over their inaction in investigating corruption allegations against Sheikh Hasina, her family members, and her former defence and security adviser Tarique Ahmed Siddique.

The allegations, involving the embezzlement of $5 billion from the Rooppur Nuclear Power Plant project, were raised in a public interest litigation writ petition filed in September by Bobby Hajjaj, founder and chairman of the Nationalist Democratic Movement.

The bench of Justice Fahmida Quader and Justice Mubina Asaf sought explanations from the Anti-Corruption Commission chairman and relevant government officials, asking why their inaction should not be declared illegal.

According to a report published on August 17, 2024, by the Global Defense Corp, Sheikh Hasina, her sister Sheikh Rehana, her son Sajeeb Wazed Joy, Rehana’s daughter and British lawmaker Tulip Siddique, and Tarique Ahmed Siddique siphoning off $5 billion from the nuclear power project.

The article alleged that Tulip Siddique played a crucial role in coordinating with Russian officials, enabling inflated costs of the Rooppur project.

The Rooppur Nuclear Power Plant is a joint venture between Bangladesh and Russia, primarily funded by Rosatom, Russia’s state-owned atomic energy corporation. Rosatom has committed to financing 90 per cent of the $12.65 billion total project cost.

The writ petition laid importance on investigating the claims, citing the project’s massive financial investment and critical role in the country’s energy sector.

It alleged collusion with Russian officials, resulting in cost escalation and potential misuse of funds.​

ACC launches graft investigation against Obaidul Quader
Staff Correspondent
Dhaka
Published: 19 Dec 2024, 23: 08


Obaidul QuaderFile Photo

The Anti-Corruption Commission (ACC) has launched an investigation against former road transport and bridges minister and Awami League general secretary Obaidul Quader and nine others on charges of graft.

Besides, a case has been filed against former food minister Sadhan Chandra Majumder for amassing wealth of over Tk 250 million beyond known sources of income. Also, a chargesheet has been filed against former MP Kazi Shahid Islam Papul and his wife, daughter and sister-in-law in a case of acquiring wealth beyond known sources of income.

ACC director general (Prevention) Md Akhter Hossain revealed this information at a press conference at the capital's Segunbagicha head office on Thursday.

The complaint against Obaidul Quader states that, according to a Prothom Alo report, Obaidul Quader and former secretary ABM Aminullah Nuri wanted to purchase the buses through a company of their preference to ply on the 20-kilometer section of the Dhaka-Mymensingh highway from the airport to Gazipur. Failing to do that, they delayed the entire process. The ACC has started an investigation into this complaint.

An investigation has been launched against Salman F Rahman, private industry and investment advisor to ousted Prime Minister Sheikh Hasina and vice chairman of Beximco Group, and Shah Alam Sarwar, former managing director of IFIC Bank.

ACC sources said Salman F Rahman is a former chairman of IFIC bank. When he was in charge, he misappropriated over Tk 19 billion from the bank’s Gulshan branch by taking loans through forgery in the names of Bluemoon Trading Limited, Axis Business Limited, Everest Enterprise, Glowing Construction and Engineering, Vista International Limited and Skymark International Limited. Shah Alam Sarowar, the former MD of the bank, also had connections with the forgery.

Investigation against ex-NBR chairman and ex-IGP

ACC today also launched an investigation against former NBR chief Md Nojibur Rahman. Moreover, investigations have been launched against former inspector general of police (IGP) Nur Mohammad and Elias Uddin Mollah, former member of parliament for Dhaka-16.

The ACC DG said ACC an investigation has been launched against Nojibur Rahman on charges of amassing millions of taka through bribery, corruption and transfer-business. An investigation has been launched against former IGP Nur Mohammad on charges of amassing and embezzling around Tk 5.42 billion by abusing his power. In addition, an investigation has been launched against former MP Elias Uddin Mollah on charges of occupying 700 acres of government khas land in Mirpur area, embezzling government funds through corruption and irregularities.

Meanwhile, ACC has launched an investigation against additional tax commissioner Saiful Alam, joint commissioner AKM Shamsuzzaman and assistant tax commissioner Aminul Islam for helping S Alam’s two sons evade tax worth Tk 750 million through forgery.

The ACC DG Akter Hossain said a case has been filed against Sadhan Chandra Majumder for amassing wealth beyond known sources of income. Primary evidence suggests that his four daughters amassed wealth beyond known sources of income. Notices have been served to them seeking their wealth statements.

The ACC today filed a chargesheet against former Lakshmipur-2 MP Kazi Shahid Islam Papul, his wife former MP Selina Islam, daughter Wafa Islam and sister-in-law Jasmine Pradhan on charges of amassing undeclared assets worth around Tk 100 million.​

Indian court grants bail to PK Halder, two aides in money laundering case
FE ONLINE DESK
Published :
Dec 20, 2024 19:06
Updated :
Dec 20, 2024 19:06



Former managing director of NRB Global Bank Prashant Kumar Halder, also known as PK Halder, who fled Bangladesh and was arrested in the Indian state of West Bengal in May 2022, has been granted bail in a money laundering case.

A West Bengal court granted him bail on Friday.

Two of his associates Swapan Mistry and Uttam Mistry were also given bail in the same case. However, three other associates of PK Halder remained in custody.

The bail came after nearly a year of hearings.

Earlier this year, Indian authorities filed charges against Halder and five of his associates under the Prevention of Money Laundering Act.

The specific conditions of their bail were reportedly not disclosed but may include restrictions on movement and regular reporting to authorities.

In October 2023, a Bangladesh court jailed PK Halder for 22 years for laundering Tk 800 million to Canada and illegally amassing about Tk 4.26 billion.

The court also fined him Tk 10.44 billion in the case filed by the Anti Corruption Commission.

The sentence will take effect once he is extradited from India, the Dhaka court had observed.

That verdict was the first by a Dhaka court convicting PK Halder, who faces charges in over 40 other graft and money laundering cases.​

Presence of oligarchic market power still a major challenge: Hossain Zillur Rahman
The sixth edition of the Banking Almanac launched today



Despite taking many visible steps, numerous oligarchic powers still dominate the market, posing a significant challenge for the economy, said Hossain Zillur Rahman, an economist.

To tackle the current inflationary pressure, steps should be taken to address this oligarchic market power, which has widened their reach to a different level in the last 15 years, he said.

He made the comments at the launch of the sixth edition of the Banking Almanac, a book published by ShikkhaBichitra as a research project with the assistance of Bangladesh Bank and other banks and financial institutions.

Rahman, the acting chairman of the board of editors of the Banking Almanac, chaired the launching ceremony at the Cirdap auditorium in Dhaka today.

The interim government is working to create an information hub for the financial and social sectors, enabling investors to access all relevant information from a single platform with just one click, said Salehuddin Ahmed, finance adviser and the chief guest of the event.

Regular and timely publication of the Banking Almanac is important, as it will help investors, bankers and depositors to get actual information, he said.

The lack of accurate data availability has hindered the formulation of social and financial policies in Bangladesh in the past, said the adviser.

Therefore, the government is prioritising the creation of a centralised source for reliable information, which is also a fundamental right of the citizens, he added.​

The path to recovering our stolen assets

File Visual: Rehnuma Proshoon

Corruption, embezzlement, and money laundering have been endemic in Bangladesh but reached new heights during the last 15 years of the now-toppled regime led by the Awami League. The recently published "White Paper on the State of the Bangladesh Economy" reported that $234 billion was syphoned off from Bangladesh between 2009 and 2023. The interim government has promised to work tirelessly to identify the perpetrators of this massive mayhem—to loot and plunder the country and its poor people—and bring back some of the ill-gotten resources.

Tax havens around the globe, particularly in the Middle East, Malaysia, the UK, Canada, the US, Hong Kong, Malaysia, and Singapore, provided a golden opportunity for businesses, bureaucrats, and politicians to use a well-crafted system of patronage and crony capitalism to take advantage of the country's incompetent leaders and financial regulators to launder an average of $16 billion a year.

The White Paper documented the mechanism used for money laundering (ML)—these tricks have been well-known for a long time. The then foreign minister of Bangladesh stated during an interview with The Daily Star in 2020 that the AL government had information that politicians, businessmen, and government officials, including some "serving officials," had pilfered and whitewashed money by buying properties in Canada. It is no secret that Bangladesh Bank and the Bangladesh Financial Intelligence Unit (BFIU) were fully aware of the scale of ML and the role played by the key protagonists!

The previous government was, on many occasions, alerted by the World Bank, multilateral financial institutions, UN agencies, and national watchdogs about the scope of illicit financial flows (IIF). In 2011, during negotiations with the World Bank to secure financing for the Padma Bridge, the bank provided "credible evidence of corruption" to the government. These were brushed aside and dismissed as "trumped-up" allegations by the former prime minister.

In my brief discussion on this matter with members of the current administration, it is clear that money laundering and its prevention are among its highest priorities. Last week, the BB governor publicly reiterated his intention to bring back stolen assets from other countries. He chairs a nine-member taskforce with representatives from important state agencies, which has been assigned to track down stolen assets abroad and support investigations aimed at their recovery. The taskforce seeks to expedite legal proceedings for asset recovery, identify and address barriers to recovery, manage frozen or recovered assets abroad, and strengthen communication with relevant domestic and international bodies to gather essential information while enhancing internal coordination and capabilities.

While asset recovery is a tough and time-consuming process, it needs to be done, and for many reasons. The money looted from the coffers is now being used to undermine the present government. If we reverse the resource outflow and turn back the tide, that would rejuvenate our economic development. For example, the ML activities of the owners of the S Alam Group have resulted in the bankruptcy of the various businesses they own. If their overseas resources are liquidated and the proceeds repatriated and invested in their domestic enterprises, the local economy will receive a shot in the arm.

Also, we need to send a message to the culprits. In the language of criminal justice system, the purpose would be "deterrence, retribution, and restoration."​

Nowfel gained from illegal tobacco trade
Finds NBR probe



Former education minister Mohibul Hassan Chowdhoury Nowfel received at least Tk 3 crore from a tobacco company, known for years for illegal cigarette production and marketing including some counterfeit foreign brands.

He also co-owns a piece of land on which the cigarette company, Bijoy International Tobacco, used to operate, documents show.

The Daily Star has copies of the Tk 3 crore cheque and the land-ownership document.

The findings come six months after an investigation by The Daily Star established initial links between Nowfel and illegal tobacco production. The story titled "A councillor and his illicit tobacco trade" on June 1 this year did not mention Nowfel's name, because he sold his share of that company in 2020.

Only five months after we ran the story, he received a check worth Tk 3 crore in favour of his family-run Premier University based in Chattogram, Nowfel's hometown.

Before we published the story on June 1 this year, Nowfel at a meeting with The Daily Star insisted that he sold his share in the illegal tobacco company and that he did not receive any financial benefits from the company.

But NBR's Central Intelligence Cell (CIC) has now found that there are 20 companies that make counterfeit cigarettes in Bangladesh and Nowfel along with Abdus Sabur Liton, a former councillor of Chattogram City Corporation, used to control the market.

The report says Nowfel invested in Liton's tobacco business, and parts of the returns were deposited to the accounts of Premier University.

Nowfel is the chairman of the university's trustee board. His mother Hasina Mohiuddin and younger brother Borhanul Hasan Chowdhury are members of the board.

The former minister could not be reached for comments. He is thought to have fled the country.

Liton owns licenced tobacco businesses, but the cigarettes his firms produce are knock-off versions of widely sold brands, including some foreign brands such as Esse and Oris, investigations by both The Daily Star and NBR found.

Mohammad Fakhrul Alam, head of the NBR investigation, submitted a 111-page report on his findings late last month.



Of the 20 firms making counterfeit cigarettes, Bijoy International Tobacco and Tara International Tobacco are by far the biggest, says the report submitted to NBR Chairman Abdur Rahman Khan.

The firms -- both owned by Tara Group -- import raw materials by lying on documents and produce counterfeit cigarettes in their factories in Kishoreganj and Chakaria Upazila of Chattogram, says the report.

This newspaper previously found that counterfeit cigarettes made by these companies were sold in different parts of the country.

Liton and his brother Abdul Mannan Khokon are owners of Tara Group.

Although the company's sales were reported in audit reports at Tk 48.48 crore from July 2020 to June 2024, the CIC found evidence suggesting that the amount is 802.17 crore. This was done to evade taxes.

The investigators analysed nine bank accounts of the group.

Mohammad Fakhrul Alam, convener of the probe committee, said, "A few individuals control the market. They make fraudulent documents about shell companies to conceal their activities.

"We looked at bank transactions of all these [20] companies and discovered that the Tara Group was linked to at least 10 of them. The former education minister, a councillor, and his brother are involved in illegal cigarette distribution."

He added that Bijoy International Tobacco's factory in Chakaria was built on land owned by the three of them.

"We have found evidence of illegal cigarette production and marketing. We saw suspicious transactions at Tara Group's bank accounts. The former education minister used Premier University's bank accounts to receive his cuts.

"We recommend filing criminal and departmental cases against several individuals and organisations."

Premier University's account with United Commercial Bank's Chattogram Medical College Branch received Tk 3 crore from an account of Tara Group with the same bank's Jubilee Road Branch on October 1 last year.

The CIC on October 23 this year wrote to the university's registrar seeking information about this transaction.

Four days later, Registrar Iftekhar Monir replied, "University Trustee Board Chairman Mohibul Hassan Chowdhoury withdrew Tk 3 crore in cash for development work of the university. However, he deposited the same amount of money from an account of Tara Group to the university's account as the work was not completed."

Monir also mentioned that Tara Group and the Premier University are not related.

When contacted, Monir said, "We have no additional comments other than what we have written [to the NBR]."

Liton and Nowfel had gone into hiding after the Awami League government fell amid a mass uprising on August 5.

Several officials of Tara Group, requesting anonymity, said Liton was in Dubai and Nowfel in India.

Liton told The Daily Star on WhatsApp in November this year that Nowfel owned 40 percent shares of Bijoy Tobacco in early 2018.

"He sold his shares to me and my brother around 2020. Since then, there has been no further transaction with him. All of this is a conspiracy against me."

When asked about the ownership of the land and transactions in the Premier University's bank account, he said, "If you have documents, why are you asking me?"​

$300m laundering: Hasina, Sajeeb under ACC scanner
Solamain Salman 22 December, 2024, 23:57


Sheikh Hasina and Sajeeb Wazed Joy

The Anti-Corruption Commission on Sunday decided to conduct an inquiry into the allegation against former prime minister Sheikh Hasina and her son Sajeeb Wazed Joy of laundering $300 million to the United States and the United Kingdom.

The commission made the decision at its meeting at the commission headquarters in Dhaka with its newly-appointed chairman Mohammad Abdul Momen in the chair, ACC director general Md Aktar Hossain told New Age.

According to the allegation, the name of Sajeeb Wazed Joy first came up as a money laundering suspect in the United States versus Rizvi Ahmed case in 2014.

Later, a probe conducted by a powerful US intelligence agency uncovered serious financial scams involving Sajeeb Wazed, it said.

It also noted that in particular, information emerged that money was being laundered from various bank accounts in Hong Kong and the Cayman Islands in his name to various bank accounts in Washington and New York in the United States and London in the United Kingdom through a local money exchange entity.

The US intelligence agency also confirmed the matter through their London representative and found evidence of serious financial irregularities and money laundering committed by Sajeeb Wazed, said the allegation.

It also mentioned that Linda Samuels, Senior Trial Attorney of the Department of Justice, contacted Special Agent La Prevot and found that $300 million was deposited from Bangladesh to various bank accounts in the United States.

The commission came up with the new inquiry against deposed prime minister Sheikh Hasina and her son Sajeeb Wazed just four days after the commission on December 17 started an inquiry into Tk 80,000 crore corruption allegations against Hasina, Sajeeb Wazed, her younger sister Sheikh Rehana and Rehana’s daughter and British minister Tulip Siddiq.

The alleged corruption involving Tk 80,000 crore occurred in nine projects, including the Rooppur Nuclear Power Plant and the Special Ashrayan Project during the Awami League government between 2009 and 2023, according to the allegation.

Amid a student-led mass uprising on August 5, prime minister Sheikh Hasina fled to India while her son Sajeeb Wazed, also her information and communication technology adviser, is staying abroad.

According to the White Paper on the State of the Bangladesh Economy published recently, Bangladesh lost $16 billion annually on average between 2009 and 2023 because of the illicit fund flow under the authoritarian AL regime.

The illicit financial outflows are more than double the combined value of net foreign aid and foreign direct investment, the white paper said.

After the fall of the autocratic rule of Sheikh Hasina, the Professor Muhammad Yunus-led interim government came to power on August 8 and announced that it would take steps to bring back the laundered money.

As a part of the initiative, the commission has been actively collaborating with international agencies, including the US Federal Bureau of Investigation, the World Bank, and the United Nations Office on Drugs and Crime, to tackle money laundering.

On September 9, a delegation from the US Federal Bureau of Investigation held a meeting at the commission headquarters with the director general of the ACC’s money laundering and legal unit and other officials concerned.

Besides, on October 1, a three-member EU delegation, led by Michal Krejza, head of cooperation at the EU delegation to Bangladesh, met then ACC chairman Mohammad Moinuddin Abdullah and discussed the repatriation of laundered funds and technical assistance to strengthen the commission’s operational capabilities, said ACC officials.​