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HC seeks report on measures against money launderers

  • Staff Correspondent
  • 7 December, 2021 12:00 AM
  • Print news
HC seeks report on measures against money launderers

The High Court has asked for reports on the actions taken against the individuals and organisations named in the Panama and Paradise Papers for their involvement in money laundering.

A division bench comprising Justice Md Nazrul Islam Talukder and Justice AKM Zahirul Haque passed the order on Monday.

Terming money laundering ‘a matter of great concern’, the HC said somebody has to take bold step to stop siphoning off money in the interest of the country and its people.

The HC expressed dismay at the absence of strong anti-corruption organisations in Bangladesh although India sees human chain and protest against incidences of money laundering and corruption.

People do not want to see corruption in Bangladesh which has got liberation at the cost of blood, HC opined.

The HC came up with the order and remarks holding hearing on a list of money launderers submitted by the Anti-Corruption Commission.

The apex court directed Bangladesh Financial Intelligence Unit (BFIU) and Criminal Investigation Department (CID) to submit the reports within January 9, 2022.

Earlier on Sunday, the Anti-Corruption Commission (ACC) submitted a list of 43 individuals and organisations involved in money laundering.   Names appeared in Panama Papers

The names published in Panama Papers are Faisal Ahmed Chowdhury, director of Baraka Patenga Power Ltd, Umme Rubana, director of Setu Corporation, Mahtab Uddin Chowdhury, managing director of Setu Corporation, Azmat Moyeen and Tarique Ikramul Haque, residents of Gulshan, Salma Haque and SM Jobayedul Haque, residents of Banani, Syed Sirajul Haque, a resident of Baridhara, Dilip Kumar Modi and Sharif Zahir, residents of Dhanmondi, Hasan Mahmood, chairman of United Group, and its directors Khondaker Moinul Ahsan Shamim, Ahmed Ismail Hossain and Akhter Mahmood.

Names in Paradise Papers

Those named in Paradise Papers include BNP leader Abdul Awal Mintoo, his wife Nasreen Fatema Awal and their sons Tabith Md Awal, Tasfir Mohammed Awal and Tajwar Md Awal; Mogol Farida and Shahid Ullah, expatriates in the US; Chowdhury Faisal, a resident of Banani; Ahmad Samir, a resident of Baridhara; Brummer and Partners Asset Management Bangladesh Ltd; Moosa Bin Shamsher of Venus Overseas Co; Fazle Elahi of Dynamic Energy; KH Asadul Islam and Farhan Yakubur Rahman of Intrepid Group; Zulfiker Ahmed of Khaleda Shipping Company; Tajul Islam Tajul, Faruk Palwan and Mohammad Kamal Bhuiyan of Narayanganj’s Jemico Trade International; Mohammad Maleque of Chattogram’s Bengal Shipping Line; Shahnaz Huda Razzak of Dhaka’s Southern Ice Shipping Company; Imran Rahman of Ocean Ice Shipping Company; and Mohammad A Awal of Shams Shipping Ltd.

Some other money launderers are Eric Jonson Andres Wilson, a resident of Uttara; Amanullah Chagla of Padma Textile; Mohammad Atiquzzman of Russia’s New Technology Investment; Mohammad Rezaul Haque of Malta; Mahtaba Rahman of Shelcon Shipping Ltd; and Mahmud Hossain of Ireland’s Global Education System.  

ACC counsel Khurshid Alam Khan submitted the list to the HC and appeared for the organisation during hearing on the matter.

He claimed to have collected the names of money launderers analysing Panama and Paradise Papers and reports of the International Consortium of Investigative Journalists (ICIJ).