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'Money Laundering': ACC seeks to bar Falu from leaving country

03 Aug,2018

Dhaka, BDchronicle:

The Anti-Corruption Commission has asked the Special Branch of Police (SB) to take steps to prevent BNP leader Mosaddak Ali Falu and eight others from leaving the country over allegations of money laundering and illegal offshore investments.

A letter signed by ACC's Director Syed Iqbal Hossain in this regard was sent to the Special Police Super (immigration) of the SB, confirmed ACC sources.

The eight others are: SAK Ekramuzzman, director, RAK Paints, Qamar uz Zaman, director, RAK Paints, Mohammad Amir Hossain, director, RAK Paints, Ashfaque Uddin Ahmed, director, Roza Properties, Md Maqsudul Karim, director, RAK Power (Pvt) Ltd, Shaylin Zaman Akbar, director, RAK Paints Ltd, Syed AK Anwaruzzman, director, Julphar Bangladesh Ltd, and MA Malek, director RAK Consumer Products Ltd.

“The allegations of laundering around $8 million and investing it in offshore companies by former lawmaker Mosaddak Ali Falu, in collaboration with others, and amassing wealth worth over hundreds crore in Dubai are primarily found [to be] true,” reads the letter.

“It is learnt from confidential sources that the alleged persons are trying to leave the country,” it says, adding that necessary steps are needed to prevent them from leaving the country.

Sources confirmed that Falu was now staying abroad.

A two-member team, comprised of Iqbal Hossain and ACC's Assistant Director Gulshan Anowar Pradhan, is investigating the matter.

Sources confirmed that Falu was now staying abroad.

A two-member team, comprised of Iqbal Hossain and ACC's Assistant Director Gulshan Anowar Pradhan, is investigating the matter.

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