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The anti-graft agency accuses four of amassing over Tk 1.65 billion in ‘illicit’ wealth
Published : 13 Feb 2025, 07:59 PM
The Anti-Corruption Commission, or ACC, has prosecuted former finance minister AHM Mustafa Kamal, his wife, and two daughters over allegations of acquiring wealth beyond known sources of income.
The four separate cases accuse them of amassing “illicit” wealth worth over Tk 1.65 billion.
ACC Director General Md Akhtar Hossain shared details of the lawsuits with reporters on Thursday.
According to the case statements filed at the ACC’s Integrated District Office Dhaka-1, Kamal and his wife Kashmiri Kamal are accused of possessing “illegally acquired” assets worth Tk 275.2 million and Tk 441.1 million, respectively.
Their daughters, Kashfi Kamal and Nafisa Kamal, are alleged to have accumulated “illicit” wealth amounting to Tk 317.8 million and Tk 621.4 million, respectively.
The ACC claims that transactions through their bank accounts show significant financial activity.
Kamal reportedly had Tk 4.46 billion transacted through 32 bank accounts, while Kashmiri had Tk 266.4 million across 20 accounts.
Kashfi’s 38 accounts handled Tk 1.77 billion, and Nafisa’s 17 accounts saw transactions amounting to Tk 1.99 billion.
Following the change in power, the ACC launched an inquiry into corruption allegations against Kamal in August 2024.
Since then, neither he nor his family members have made any public appearances.
On Aug 22, 2024, the Bangladesh Financial Intelligence Unit, or BFIU, froze the bank accounts of the former finance minister and his family.
Kamal, a former MP for Cumilla-10, which includes Cumilla Sadar South, Lalmai, and Nangalkot, served as finance minister in the previous Awami League government but was left out of the latest cabinet.
He previously held key positions in cricket administration, serving as the president of the Bangladesh Cricket Board and the International Cricket Council.
His daughter, Nafisa, a businesswoman, gained prominence as a cricket franchise owner.
On Aug 18, 2024, the ACC formed a three-member team to investigate allegations that Kamal’s wife and daughter, along with three former MPs, were involved in a syndicate that embezzled around Tk 200 billion by defrauding workers aspiring for jobs in Malaysia.
The anti-graft watchdog said its probe into the case linked Kashmiri and Nafisa to former Feni-2 MP Nizam Uddin Hazari, former Feni-3 MP Masud Uddin Chowdhury, and former Dhaka-20 MP Benazir Ahmed.
