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Published : 04 May 2026, 10:00 PM
Ron Haque Sikder, managing director of Sikder Group of Companies and a US citizen, has died in Dubai.
He died at Mediclinic Parkview Hospital in Dubai at 2:20pm local time on Monday, said Abu Sufian, public relations officer of a Sikder Group-owned company
Family sources said Sikder had been admitted to the hospital about a week ago with liver-related complications.
No further details were immediately available.
Ron was a former director of National Bank Limited and one of the leading figures in Sikder Group, where he served as managing director.
In April 2024, the Anti-Corruption Commission prosecuted Ron, his brother Rick Haque Sikder, and five others over allegations of money laundering. The commission later approved charge sheets in the two cases in October that year.
The two brothers were accused of laundering a total of Tk 710 million. According to the case documents, they allegedly spent large sums in dollars beyond the permitted limits of international credit cards and later repaid the amounts through different bank accounts.
The ACC inquiry alleged that Ron exceeded the limit by about Tk 500 million, while Rick spent about Tk 215 million beyond the permitted ceiling.
It also alleged that the debt was repaid by sending money from the National Bank to 20 bank accounts in Thailand.
In May 2020, Exim Bank filed an attempted murder case at Gulshan Police Station against Ron and his brother Dipu Haque Sikder, accusing them of torturing two bank officials and trying to shoot them dead.
Ron and his brothers also faced other cases and investigations over alleged financial irregularities, embezzlement, and money laundering.
He had reportedly been living in Thailand and the UAE for years to avoid arrest.
Ron and Rick had also been the subject of media reports over various allegations in recent years. Following intervention by Bangladesh Bank, they lost their positions as directors of the National Bank.
Media reports have also highlighted close business and political ties between Sikder Group and the Awami League government. The group’s founder the late Zainul Haq Sikder and his family were widely described in those reports as long-time allies of the Awami League.
Court orders attachment of Sikder family assets in Thailand amid graft probe
ACC prosecutes Ron and Rick Sikder for money laundering
Tk 4.59bn 'embezzled', Sikder's family members among 29 accused
