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Home » Politics: Bangladesh » >Shah Alam’s Tk 498cr escapes ACC net

>Shah Alam’s Tk 498cr escapes ACC net

>THE Anti-Corruption Commission (ACC) could have charged Bashundhara Group Chairman Ahmed Akbar Sobhan alias Shah Alam with amassing ill-gotten wealth worth Tk 606 crore had he not whitened Tk 498 crore under the money whitening schemes offered by successive governments, Emran Hossain writes.
The anti-graft watchdog on Sunday finally charged him with amassing ill-gotten wealth worth only about Tk 107 crore. Alam whitened the money over the years during the rule of both Awami League and BNP.
Detained businessman Giasuddin Al Mamun also whitened Tk 30.22 crore taking the same opportunity, while his brother former lawmaker Hafiz Ibrahim and his wife Mafruza Sultana whitened Tk 11 crore under 2005 SRO (Statutory Regulatory Order) on different occasions.
Like Shah Alam, Mamun and Ibrahim, many high-profile graft suspects whitened huge amount of ill-gotten wealth and ACC cannot take action against them due to legal barriers.

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Spectator

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