Economic Reporter :
Anti-Corruption Commission (ACC) filed a case against Badiur Rahman, a director and ex-chairman of Al Arafah Islami Bank Limited, under the Money Laundering Act on charge of laundering Tk 1.5 crore to Singapore.
ACC deputy director Jalal Uddin Ahmed filed the case with Motijheel Police Station on Tuesday. ACC deputy director (Public Relations) Pranab Kumar Bhattacharya confirmed this to the media that he formed a company named MS Aerial Maritime Pvt Limited in Singapore while he was serving as a director of Al Arafah Bank.
It has been revealed in the ACC investigation that Badiur Rahman has laundered five lakh Singaporean dollar equivalent to Tk 1 crore 68 lakh 38 thousand 800 to Singapore. According to the case file, Badiur Rahman has been serving as a director of Al Arafah Islami Bank Limited (Bangladesh) since 1995.
He also served as the chairman of the board of directors of that bank from 2008 to 2016. He formed a company named MS Aerial Maritime Pvt Limited in Singapore with an authorized capital Tk 10 lakh Singaporean dollar and a paid-up capital Tk 50 thousand Singaporean dollar out of which Badiur Rahman invested 25 thousand Singaporean dollar equivalent to Tk 8 lakh 25 thousand (Year 2003). The rest of the amount was invested by two partners.
Badiur Rahman has been running the company as a sole proprietor since 2004. By this period, the paid-cup capital of the company has stood five lakh Singaporean dollar which is equivalent to Tk 1 crore 68 lakh 38 thousand 800. He couldn’t give acceptable evidence regarding the valid source of his capital invested in the company.
In the case statement it was alleged that Badiur, along with two other shareholders, established a company S Ariel Maritime Pvt Ltd which was registered with Singapore in 2003. The location of the company is International Plaza, 10, Anson road, Singapore.
The approved capital of the company was 10 lakh Singaporean dollars and the paid of capital was 50,000 Singaporean dollars. Out of the paid of capital, Badiur gave 25,000 Singaporean dollars equivalent to Tk 8.25lakh.
Later in 2004, Badiur has started running the business with taking cent per cent ownership of the company and the paid of capital now stands at five lakh Singaporean dollars equivalent to over Tk 1.68 crore.
Badiur Rahman has violated the existing laws in the land concealing the source, location, ownership of five lakh Singaporean dollar equivalent to Tk 1 crore 68 lakh 38 thousand 800. ACC has filed the case against him under the Money Laundering Act for establishing the company laundering money to Singapore.
Anti-Corruption Commission (ACC) filed a case against Badiur Rahman, a director and ex-chairman of Al Arafah Islami Bank Limited, under the Money Laundering Act on charge of laundering Tk 1.5 crore to Singapore.
ACC deputy director Jalal Uddin Ahmed filed the case with Motijheel Police Station on Tuesday. ACC deputy director (Public Relations) Pranab Kumar Bhattacharya confirmed this to the media that he formed a company named MS Aerial Maritime Pvt Limited in Singapore while he was serving as a director of Al Arafah Bank.
It has been revealed in the ACC investigation that Badiur Rahman has laundered five lakh Singaporean dollar equivalent to Tk 1 crore 68 lakh 38 thousand 800 to Singapore. According to the case file, Badiur Rahman has been serving as a director of Al Arafah Islami Bank Limited (Bangladesh) since 1995.
He also served as the chairman of the board of directors of that bank from 2008 to 2016. He formed a company named MS Aerial Maritime Pvt Limited in Singapore with an authorized capital Tk 10 lakh Singaporean dollar and a paid-up capital Tk 50 thousand Singaporean dollar out of which Badiur Rahman invested 25 thousand Singaporean dollar equivalent to Tk 8 lakh 25 thousand (Year 2003). The rest of the amount was invested by two partners.
Badiur Rahman has been running the company as a sole proprietor since 2004. By this period, the paid-cup capital of the company has stood five lakh Singaporean dollar which is equivalent to Tk 1 crore 68 lakh 38 thousand 800. He couldn’t give acceptable evidence regarding the valid source of his capital invested in the company.
In the case statement it was alleged that Badiur, along with two other shareholders, established a company S Ariel Maritime Pvt Ltd which was registered with Singapore in 2003. The location of the company is International Plaza, 10, Anson road, Singapore.
The approved capital of the company was 10 lakh Singaporean dollars and the paid of capital was 50,000 Singaporean dollars. Out of the paid of capital, Badiur gave 25,000 Singaporean dollars equivalent to Tk 8.25lakh.
Later in 2004, Badiur has started running the business with taking cent per cent ownership of the company and the paid of capital now stands at five lakh Singaporean dollars equivalent to over Tk 1.68 crore.
Badiur Rahman has violated the existing laws in the land concealing the source, location, ownership of five lakh Singaporean dollar equivalent to Tk 1 crore 68 lakh 38 thousand 800. ACC has filed the case against him under the Money Laundering Act for establishing the company laundering money to Singapore.
