ACC to prosecute Gemcon Group directors Kazi Anis and Kazi Inam over ‘Illicit wealth’

The charges relate to the acquisition of nearly Tk 1.13 billion in illicit wealth and suspicious transactions totalLing Tk 1.25 billion.

The Anti-Corruption Commission (ACC) has announced plans to initiate two separate cases against Gemcon Group directors Kazi Anis Ahmed and his brother Kazi Inam Ahmed.

The charges relate to the acquisition of nearly Tk 1.13 billion in illicit wealth and suspicious transactions amounting to Tk 1.25 billion.

ACC Director General Md Akhtar Hossain told journalists on Monday that the cases had been approved.

According to the ACC's investigation, Anis, also Gemcon Groups CEO, accumulated assets worth Tk 803.57 million beyond known sources of income. In addition, 20 bank accounts in his name recorded suspicious transactions totalling Tk 791.45 million.

Similarly, his brother Inam acquired worth Tk 326.62 million in illicit assets. 14 bank accounts under his name showed suspicious transactions totalling Tk 747.88 million, the ACC reported.

The student-led mass protests led to the Awami League government’s fall on Aug 5, 2024. Following this, the anti-graft watchdog has been investigating allegations of bribery, corruption, fraud, forgery, money laundering, and tax and duty evasion against 10 industrial groups, including the family of ousted prime minister Sheikh Hasina.

A team led by the graft buster’s Deputy Director Rezaul Karim, along with assistant directors Al-Amin and AKM Mortuza Ali Sagar, is currently investigating the money laundering allegations against the Gemcon Group.

Attempts to reach Anis on his WhatsApp number for a comment on the allegations and the ACC's findings were unsuccessful.

Meanwhile, bdnews24.com is trying to get a statement from Inam on the matter.