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Published : 16 Feb 2025, 07:16 PM
The Anti-Corruption Commission, or ACC, has charged NASSA Group boss Nazrul Islam Mazumder, with amassing illicit assets worth approximately Tk 7.81 billion.
On Sunday, ACC Director General Md Akhtar Hossain informed journalists about the case.
Nazrul previously served as chairman to both Exim Bank and the Bangladesh Association of Banks, or BAB.
An official from the ACC said the case was filed by Mohammad Shahjahan Miraj, an assistant director at the agency, at the Integrated District Office, Dhaka-1.
The charges against Nazrul were brought under Section 27(1) of the ACC Act of 2004 and Section 5(2) of the Prevention of Corruption Act of 1947, the official said.
Following the change in government, police arrested Nazrul in Dhaka’s Gulshan area on Oct 2, 2024. There are several cases filed against him.
On Aug 29, 2024, as part of broader reforms, Bangladesh Bank restructured the board of directors at Exim Bank, excluding him from the institution.
He also lost his role as head of the BAB.
A well-known figure in the banking sector, Nazrul had been the chairman of the bank since 2007. He was also appointed as the chairman of BAB in 2009.
Nazrul has also been accused of soliciting donations from private banks for organising a football tournament during his tenure as BAB chairman.
Earlier, on Aug 25, 2024, the Bangladesh Financial Intelligence Unit, or BFIU, froze Nazrul’s bank accounts.
He is accused of extorting money from banks on several occasions, and changing the Bank Company Act to benefit entrepreneurs of the bank.
On Feb 4, authorities froze 52 bank accounts linked to Nazrul, his wife Nasrin Islam, their children Anika Islam and Walid Ibne Islam, as well as several associated institutions.
The Criminal Investigation Department, or CID, has launched an inquiry into allegations that Nazrul smuggled approximately $3 million to the United States.
Investigators say the funds were transferred under the guise of garment exports.
