Anwar Ispat

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17 January 2022

Business Insider Bangladesh
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HC asks CID, BFIU to submit report on money launderers by Jan 9

BI Report || BusinessInsider

Published: 15:13, 6 December 2021   Update: 15:40, 6 December 2021
HC asks CID, BFIU to submit report on money launderers by Jan 9

File photo


The High Court on Monday directed the Criminal Investigation Department (CID) and Bangladesh Financial Intelligence Unit (BFIU) to submit a compliance report before it on what action they have taken against the individuals and companies, whose names came in the Panama Papers and Paradise Papers for their alleged involvement in laundering money.

The HC bench comprising Justice Md Nazrul Islam Talukder and Justice AKM Zahirul Haque asked the CID and BFIU to submit a compliance report before it by January 9.

The HC bench came up with the order just a day after of the Anti-Corruption Commission (ACC) submitted a list of 43 includes 14 names from the Panama Papers and 29 from Paradise Papers, the leaked documents that showed how the wealthy across the world stash away funds in tax havens to evade taxes through legal loopholes.

They include controversial businessmen Moosa Bin Shamsher, and BNP leaders Abdul Awal Mintoo and Tabith Awal.

ACC lawyer Advocate Khurshid Alam Khan on Sunday placed the lists before the HC bench.


Those who have been named 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.


The names of BNP in the Paradise Papers are: Abdul Awal Mintoo, his wife Nasreen Fatema Awal and their sons Tabith Md Awal, Tasfir Mohammed Awal and Tajwar Md Awal, Mogol Farida Y 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.

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, among others, are in the list.

Earlier on 3 October, the HC told the ACC to focus on capturing the ‘real’ large-scale money launderers instead of businessmen.

The court has said that those who have built "Begum Para" outside the country and siphon off money to different countries are the real money launderers and the ACC should take action against them.

The petition was filed on February 1, with the HC seeking its directive upon the respondents to take appropriate steps for bringing back of the laundered money from foreign banks, including the Swiss banks.

Attorney general AM Amin Uddin and deputy attorney general AKM Amin Uddin Manik appeared for the state and advocate Khurshid Alam Khan represented the ACC.