In a landmark corruption crackdown, the Anti-Corruption Commission (ACC) of Bangladesh has uncovered massive illegal wealth amassed by Kazi Abu Mahmud Faisal, a First Secretary (Tax) at the National Board of Revenue (NBR). Following the ACC’s detailed investigation, the Dhaka Metropolitan Senior Special Judge's Court ordered the freezing of 87 bank accounts and 15 savings certificates belonging to Faisal, his wife, and relatives, totaling over BDT 16 crore.
Corruption Unveiled
ACC’s probe revealed that Faisal had used his position to solicit bribes from income tax officials, extort money from taxpayers, and embezzle around BDT 1,000 crore through various corrupt practices. ACC Public Prosecutor Mosharraf Hossain Kajol detailed these allegations during the court hearing, leading to the court’s order to freeze Faisal’s assets.
Extensive Wealth Frozen
The court's order included freezing BDT 6.96 crore across 87 bank accounts and BDT 2.55 crore in savings certificates under the names of Faisal and his associates. Additionally, properties in the names of Faisal’s wife, Afsana Jesmin, and other relatives were seized, revealing the extensive nature of the corrupt network.
Complex Financial Maneuvering
Faisal reportedly opened multiple FDR accounts in Shahjalal Bank and later transferred these funds to various banks to obscure the illegal origins of his wealth. The ACC’s investigation showed that Faisal utilized over 700 bank accounts to launder money, pointing to a sophisticated financial scheme.
Illegally Amassed Wealth
Joining the BCS (Tax) cadre as an assistant tax commissioner in 2005, Faisal's career saw a rapid accumulation of illegal assets through bribery and misuse of power. The investigation highlighted that Faisal and his relatives amassed assets worth over BDT 16.41 crore, with no legitimate sources of income.
Further Irregularities Discovered
During the ongoing ACC investigation, Faisal purchased a five-katha plot under his wife’s name from East West Property Development (Pvt.) Ltd., and another plot in the Jolshiri housing project, using funds from various bank accounts. These transactions further exposed the extent of his corrupt activities.
The ACC investigation team, led by Assistant Director Md. Arif Hossain, along with Assistant Director Mostafiz and Deputy Assistant Director Md. Moazzem Hossain Samrat, continues to delve deeper into Faisal's widespread corruption.
This case highlights the ACC’s commitment to rooting out corruption and restoring integrity within Bangladesh’s governmental institutions.
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