Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Friday, January 15, 2021 11:29:03 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

SQ Chowdhury laundered 1 billion dollar to Singapore

photo by

By
27th-Nov-2020       
Share
  • Twitter
  • Google+
  • Save
  • E-mail
  • Print
Comments
Share your thought
Post a comment »
Read all () »

Staff Reporter :
A Bangladeshi politician, who was hanged for war crimes, had laundered more than one billion dollar to Singapore, revealed an Anti-Corruption Commission (ACC) investigation.
"The money is now kept in various banks in Singapore," an ACC official told The New Nation on Thursday on condition of anonymity.
He said the ACC found the money-laundering trail after it opened an investigation into the wealth of Bangladeshis in Singapore.
"The Bangladeshi man was a BNP leader and convicted for war crimes. He was executed later following a court verdict," he added.
The ACC investigator refrained from quoting the name of Bangladesh man but a report aired by a private TV Channel on Thursday identified him as Salahuddin Quader Chowdhury.
On 1 October 2013, he was convicted of 9 out of 23 charges and sentenced to death by the International Crimes Tribunal of Bangladesh for crimes during the 1971 Bangladesh's War of Independence. He was put to death by hanging in Dhaka Central Jail on 22 November, 2015.
When asked, ACC lawyer Khurshid Alam
Khan said, "As his family did not demand the money, Bangladesh faces problem in getting the money back. But the government has already taken initiative to bring back the laundered money through legal process. But the process is lengthy."
According to Global Financial Integrity (GFI), USD 61.6 billion were siphoned out of Bangladesh between 2005 and 2014, which is equivalent to 25 percent of its GDP in FY 2016-17. Between 2008 and 2017, Bangladesh lost a staggering USD 7.53 billion per year on average to trade misinvoicing, which accounted for 17.95 percent of Bangladesh's international trade with all its trading partners during the period.
In a more recent report, GFI revealed that USD 5.9 billion was siphoned out of Bangladesh through trade misinvoicing in 2015-and that Bangladesh is one of the top 30 countries in terms of illicit financial flows.
Similarly, Transparency International Bangladesh (TIB) reported this year that some USD 3.1 billion or Tk 26,400 crore is being illegally remitted from Bangladesh every year. Though it is lower in comparison to the GFI's estimates between 2008 and 2017, even this amount would have deprived the government exchequer of about Tk 120 billion as revenue each year, which is significant.

Tariff
Add Rate

News Archive

Inside The New Nation

Editorial »

Tech Board must fight irregularities


The SSC Vocational exams in 2019 and 2020 under Bangladesh Technical Education Board (BTEB) have found truth in some allegations of frauds in admission and results. It is said that those involved in the wrong doings are helped by some senior officials of the Board. Two computer operators have recently ...

Business & Economy »

Saudi Ambassador in Dhaka Essa Yusuf Essa Al Dulaihan poses for a photograph after opening an office of Engineering Dimension International Investment LLC (EDII) at Gulshan in the capital on Wednesday.


City »

Chairman of United Islami Party Maulana Ismail Hossain speaks at a press conference at his office in the city's Uttara on Thursday in protest against attack by terrorists.


Football »

Icardi, Neymar score to secure Pochettino's first trophy


Agency :Mauro Icardi and Neymar scored as Paris Saint-Germain beat rivals Marseille 2-1 to win an eighth consecutive Trophee des Champions on Wednesday, which also ended new coach Mauricio Pochettino's 12-year wait for his first title as a coach.The Argentine started his coaching career in 2009 with Spanish club Espanyol ...

Entertainment »

Shakira tunes in to trend of selling music rights


Colombian pop superstar Shakira has become the latest artist to sell the rights to her catalogue of 145 songs to London-listed Hipgnosis Songs Fund, the investment firm said on Wednesday, as the Coronavirus crisis crushes concert earnings. The three-time Grammy award winner, famous for her songs such as Hips Don't ...

Editorial »

We bought vaccine at a cost 47pc higher yet uncertain to get


THE Bangladesh government has bought the Oxford-AstraZeneca COVID-19 vaccine from Serum Institute of India at a price 47 per cent higher than that the Indian government has paid. Bangladesh has paid $4 per vaccine but India paid $2.72 for each dose, according to Indian media report and Bangladesh officials also ...

Football »

Atletico stretch La Liga lead with Sevilla win


Atletico Madrid extended their lead at the top of La Liga to four points on Tuesday after a 2-0 win over Sevilla that strengthened their title credentials.Goals in each half from Angel Correa and substitute Saul Niguez on a freezing night following historic snowfall in the Spanish capital allowed Diego ...

International »

Indonesia starts mass Covid-19 vaccinations with president


AP, Jakarta :Indonesian President Joko Widodo on Wednesday received the first shot of a Chinese-made COVID-19 vaccine after Indonesia approved it for emergency use and began efforts to vaccine millions of people in the world's fourth most populated country.After Widodo, top military, police and medical officials were vaccinated, as well ...

Cricket »

Young cricketers have chance to shine against Bangladesh: Simmons


Sports Reporter :Head Coach of West Indies Cricket team Phil Simmons said the young cricketers of his squad have chance to shine against Bangladesh in the upcoming three-match ODI series and two-match Test series.He said, " My massage to all the cricketers of my team that you are not here ...

City »

Mayor of Dhaka North City Corporation Atiqul Islam inspects Rupnagar canal of the city's Mirpur on Wednesday after cleaning waste.


City »

Turkish Envoy to Bangladesh Mustafa Osman Turan calls on Textiles and Jute Minister Golam Dastagir Gazi, Birprotik at the latter's office of the ministry on Wednesday.


Front Page »

BD to pay Serum 47pc more per dose than India


News Desk  :Serum Institute of India (SII) will sell the AstraZeneca coronavirus vaccine to Bangladesh at $4 a dose, about 47 per cent more than India will pay for its inoculation campaign, reports Reuters, quoting unnamed sources having knowledge with the matterThe pricing for Bangladesh, the world's eighth-most populous country, ...

Editorial »

Anti-dumping duty can`t be delayed anymore


MEDIA report in a National daily on Tuesday said Bangladesh has so far failed to initiate any anti-dumping investigation in 25 years, though the National Board of Revenue (NBR) had framed rules for it in 1995. The report has blamed non-cooperation of local businesses in this regard.  Meanwhile, cheaper imports ...

City »

Chief of Air Staff Air Chief Marshal Masihuzzaman Serniabat distributes certificates among the trainees of the first aeromedical course of BAF on Tuesday.


Cricket »

Taskin gets injury in practice session


Sports Reporter :Pacer Taskin Ahmed got injury in his finger of left hand on Monday. Right-arm pacer Ahmed's finger of left-hand was fractured while he was practising at the Sher-e-Bangla National Cricket Stadium on Monday last. Senior Media Manger Rabeed Imam said to this Reporter, " Taskin's finger was sewed ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news