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Published : 26 Aug 2025, 07:57 PM
The Anti-Corruption Commission (ACC) has prosecuted seven people, including former BTRC chairman Md Mohiuddin Ahmed and Summit Communications Limited chairman Muhammad Farid Khan, accusing them of evading more than Tk 102.45 million in revenue.
The case was lodged on Tuesday at the ACC’s Integrated District Office, Dhaka-1, by Assistant Director Md Nasrullah Hossain.
ACC Director General Md Akhtar Hossain confirmed the development.
The allegations centre on the approval of Summit Communications’ share transfers, which the ACC says was granted in collusion and in abuse of power, enabling the company to avoid paying revenue due to the state.
The other five accused are:
• Md Aminul Haque Babu, former BTRC commissioner (Law)
• Sheikh Riaz Ahmed, former commissioner (Spectrum)
• Mushfiq Mannan Choudhury, former commissioner (Finance, Accounts & Revenue)
• Md Delwar Hossain, former commissioner (Systems & Services)
• Khandaker Reza-E-Raquib, proprietor of Lex Counsel and a panel lawyer for BTRC
According to the case statement, on Apr 9 last year Summit Communications applied to BTRC to issue 142,088,136 new shares.
Of these, 94,488,921 shares went to UAE-based Global Energies Holdings Limited, 40,495,119 to Mauritius-based Sequoia Infra Tech Limited, and the remainder to existing shareholder Md Arif Al Islam.
This raised Summit’s paid-up capital nearly fourfold, from 50.7 million shares to 198.2 million.
Under the Bangladesh Telecommunication Act, any transfer of ownership or shares by a licensed company requires prior government approval. The law also obliges companies to pay 5.5 percent of the transfer value as revenue to the state.
The ACC alleges that when BTRC approved Summit’s share transfers, this mandatory fee was not paid. Instead, approval was granted on the basis of a legal opinion provided by Lex Counsel, conferring an unlawful benefit.
According to the case statement, Summit Communications transferred shares to foreign entities with the intention of misappropriating government revenue, without paying the required transfer value.
The ACC is already investigating Summit Group and its related entities over allegations of bribery, corruption, illegal wealth accumulation and money laundering.
