Tk 1,500 cr kickback to Sheikh Hasina’s son in 2014, B’desh banker told ED in May 2022

[Black_cats]

Tk 1,500 cr kickback to Sheikh Hasina’s son in 2014, B’desh banker told ED in May 2022​

In tell-all statement to Indian officials, the accused person alleged massive financial fraud and web of graft led by Singapore-based Bangladeshi businessman who also donated money to several political parties​

• 
  By Chandan Nandy
• 11 hours Ago

Bangladesh Prime Minister Sheikh Hasina (centre) with son Sajeeb Wazed Joy (extreme right). Photo: Twitter/@sajeebwazed


Within a week after his arrest by the Enforcement Directorate at Ashoknagar in West Bengal’s North 24 Parganas in May 2022 on charges of money laundering, a Bangladeshi banker revealed to his interrogators that kickbacks to the tune of Tk 1,500 crore were allegedly paid to the Bangladesh Prime Minister Sheikh Hasina’s son Sajeeb Wazed Joy in 2014, according to ED documents accessed by Northeast News.

Sheikh Hasina reached Delhi this afternoon to attend the G20 Summit and is scheduled to meet her Indian counterpart Narendra Modi for bilateral talks before returning to Dhaka later in the evening.

The documents disclose the names of relatives and associates of apex level politicians, from across the Bangladeshi political spectrum, who were paid kickbacks or received “financial benefits” for the award of business contracts to a powerful and influential businessman Mohammad Saiful Alam. A resident of Singapore, Alam is the chairman of Reliance Finance Ltd and NRB Global Bank Ltd besides other businesses in Bangladesh and other Southeast Asian countries.

Halder, who was managing director of Reliance Finance Ltd between 2009 and 2015, said in his supposed confession to the ED that “In the year 2014, I was engaged by Md. Saiful Alam to negotiate with the Chinese side (for a 1300 MW capacity power plant in Bangladesh with Chinese equity participation) on financial and technical issues of the said power plant, on his behalf.

“The cost of the power plant was initially meant to be $1.5-1.6 billion but the same was fraudulently increased to around $2.5 billion by showing the value of the land at much inflated prices. Md. Saiful Alam also inflated the construction costs of the power plant. The financing of the power plant was done from Islamic Bank Bangladesh Ltd which is owned and controlled by Md. Saiful Alam,” according to the statement.

“Also, a tax exemption relating to customs duty on imports of certain components; for the said power plant, was granted to Md. Saiful Alam which led to a gain of about Tk 3000 crores for his company. This favour was extended by the present Bangladesh government, in lieu of kickbacks/financial benefits extended to Mr Sajeeb Wazed Joy…by Md. Saiful Alam to the tune of Tk 1500 crores,” the disclosure statement to the ED reveals.

Sajeeb Wazed has not made any public appearances in Bangladesh over the past two years and is believed to be living at an undisclosed location somewhere abroad. However, he has, from time to time, surfaced in Oman and the US during this period.

The documents could not be independently verified by NE News but Halder’s disclosure of the “big” names during his interrogation was confirmed by ED public prosecutor in the case, Arijit Chakraborty, who in July 2022 said that the arrested Bangladeshi banker revealed that influential people in India as well as Bangladesh were involved in the “embezzlement”, stopping short of individually identifying them publicly. Since then, however, the ED’ s case has not progressed beyond the routine court procedures.

Shib Shankar Halder, who went by the assumed name of Proshanta Kumar Halder before his arrest at Ashoknagar in North 24 Parganas, along with five other associates, also Bangladeshis, was arrested by the ED on May 14, 2022. According-to ED documents, the arrests were made following “search operations” at 11 premises linked to Halder. Charges under Section 50(2) of the Prevention of Money Laundering Act, 2002, were slapped against Halder and his five associates.

It was found during the searches, the ED claimed in a May 15 document, that Halder, “along with his other associates fraudulently obtained various (Indian) government identities like ration card, voter identity card and Aadhar card” in West Bengal. They claimed to have “ascertained” that “these Bangladeshi nationals…also managed to float companies in India on the basis of fraudulently obtained identities and…even purchased properties in West Bengal”.

As the ED dug deeper, following an official investigation request to the Indian authorities by Bangladesh’s Anti-Corruption Commission (ACC) earlier last year, it found that the scale of the scam and kickbacks to be massive and widespread — to the tune of Tk 10,000 crore involving bank fraud in Bangladesh, siphoning off money to other countries. Besides his Bangladeshi and fake Indian passports, Halder was found to be in the possession of a Grenada passport. The ED found that an Interpol ‘red corner’ notice was pending against Halder at that time.

Halder according to his statement to the ED, alleged during his interrogation that Alam has “effective control over six banks”, one non-banking financial institution, two general insurance companies and two life insurance companies. Besides, he owns two merchant banks and has membership on the Dhaka and Chittagong stock exchanges, in the “name of three companies controlled by him”.

According to Halder’s statement, in four banks (First Security Islam) Bank Ltd, Union Bank Ltd, Global Islami Bank Ltd and Social Islami Bank Ltd, “about 60 percent of the total credit facility has been given to different dummy companies/entities of Md. Saiful Alam”. At the same time, “almost 20 percent loan portfolio of these banks has been given to the directors of other banks”, including IFIC Bank that is owned and run by Salman Rehman, the industrial advisor to the Bangladesh prime minister.

Halder adds in his statement that the “total borrowing of Md. Saiful Alam and the entities managed and controlled by him and his family members, from Government and other private banks, is to the tune of more than Taka 20,000 crore,” he alleged.

“Md. Saiful Alam, by virtue of his considerable financial resources…controls the levers of many important government departments and organisations in Bangladesh. He wields considerable influence in the appointment of the heads of top four government organisation(s) of Bangladesh viz. the Anti-Corruption Commission (ACC), Directorate General of Forces Intelligence (DGFI), Inspector General of Police (IGP) and Ministry of Law (Office of the Law Ministry),” Halder said in his statement to the ED.

The document also details the donations that Alan routinely made to Bangladesh’s political parties, including the Awami League and the Hefajat-e-Islam. “He donated around Taka 1500 crore to the Awami League in the last two elections held in 2013 (sic) and 2018,” Halder claimed. Of the donated money, “an amount of Taka 100 crore was arranged through me, by Md. Saiful Alan to his two companies,” Halder’s statement said.

Tk 1,500 cr kickback to Sheikh Hasina’s son in 2014, B’desh banker told ED in May 2022

Within a week after his arrest by the Enforcement Directorate at Ashoknagar in West Bengal's North 24 Parganas in May

nenews.in

 

[saif]

If the report is true, then I must say, Joy is ten times more corrupt than Tareq.

 

[IndianLite]

If the report is true, then I must say, Joy is ten times more corrupt than Tareq.

He is 10 times more educated and competent. Actually held a job with a top foreign company.

And cleverly stays out of street politics.

 

[saif]

He is 10 times more educated and competent. Actually held a job with a top foreign company.

And cleverly stays out of street politics.

In politics competency has nothing to do with formal education. Sheikh Mujib had no university degree still became a political icon in Bangladesh.

 

[@blue Ocean]

In politics competency has nothing to do with formal education. Sheikh Mujib had no university degree still became a political icon in Bangladesh.

University education may not be needed for a politician. But, Mujib had a BA degree. He took longer time to get it, but his bad eyesight could have been a reason.

Hasina has a BA degree that took her four or five years. She passed BA with grace marks in two subjects.

Begum Zia passed Class VIII when she was married to Zia.

Joy Kumar is uneducated even though he has a few University degrees. He is a thief like his mother. His father was highly educated and bright. But he suffered because a witch Hasina was his wife. No wonder, he died early.

Tareque took two years to get promotion from class VIII to class IX in the Cantonment School. His annoyed father wanted him to be enrolled as a military Sepoy.

 

[@blue Ocean]

Tk 1,500 cr kickback to Sheikh Hasina’s son in 2014, B’desh banker told ED in May 2022​

In tell-all statement to Indian officials, the accused person alleged massive financial fraud and web of graft led by Singapore-based Bangladeshi businessman who also donated money to several political parties​

• 
  By Chandan Nandy
• 11 hours Ago

Bangladesh Prime Minister Sheikh Hasina (centre) with son Sajeeb Wazed Joy (extreme right). Photo: Twitter/@sajeebwazed


Within a week after his arrest by the Enforcement Directorate at Ashoknagar in West Bengal’s North 24 Parganas in May 2022 on charges of money laundering, a Bangladeshi banker revealed to his interrogators that kickbacks to the tune of Tk 1,500 crore were allegedly paid to the Bangladesh Prime Minister Sheikh Hasina’s son Sajeeb Wazed Joy in 2014, according to ED documents accessed by Northeast News.

Sheikh Hasina reached Delhi this afternoon to attend the G20 Summit and is scheduled to meet her Indian counterpart Narendra Modi for bilateral talks before returning to Dhaka later in the evening.

The documents disclose the names of relatives and associates of apex level politicians, from across the Bangladeshi political spectrum, who were paid kickbacks or received “financial benefits” for the award of business contracts to a powerful and influential businessman Mohammad Saiful Alam. A resident of Singapore, Alam is the chairman of Reliance Finance Ltd and NRB Global Bank Ltd besides other businesses in Bangladesh and other Southeast Asian countries.

Halder, who was managing director of Reliance Finance Ltd between 2009 and 2015, said in his supposed confession to the ED that “In the year 2014, I was engaged by Md. Saiful Alam to negotiate with the Chinese side (for a 1300 MW capacity power plant in Bangladesh with Chinese equity participation) on financial and technical issues of the said power plant, on his behalf.

“The cost of the power plant was initially meant to be $1.5-1.6 billion but the same was fraudulently increased to around $2.5 billion by showing the value of the land at much inflated prices. Md. Saiful Alam also inflated the construction costs of the power plant. The financing of the power plant was done from Islamic Bank Bangladesh Ltd which is owned and controlled by Md. Saiful Alam,” according to the statement.

“Also, a tax exemption relating to customs duty on imports of certain components; for the said power plant, was granted to Md. Saiful Alam which led to a gain of about Tk 3000 crores for his company. This favour was extended by the present Bangladesh government, in lieu of kickbacks/financial benefits extended to Mr Sajeeb Wazed Joy…by Md. Saiful Alam to the tune of Tk 1500 crores,” the disclosure statement to the ED reveals.

Sajeeb Wazed has not made any public appearances in Bangladesh over the past two years and is believed to be living at an undisclosed location somewhere abroad. However, he has, from time to time, surfaced in Oman and the US during this period.

The documents could not be independently verified by NE News but Halder’s disclosure of the “big” names during his interrogation was confirmed by ED public prosecutor in the case, Arijit Chakraborty, who in July 2022 said that the arrested Bangladeshi banker revealed that influential people in India as well as Bangladesh were involved in the “embezzlement”, stopping short of individually identifying them publicly. Since then, however, the ED’ s case has not progressed beyond the routine court procedures.

Shib Shankar Halder, who went by the assumed name of Proshanta Kumar Halder before his arrest at Ashoknagar in North 24 Parganas, along with five other associates, also Bangladeshis, was arrested by the ED on May 14, 2022. According-to ED documents, the arrests were made following “search operations” at 11 premises linked to Halder. Charges under Section 50(2) of the Prevention of Money Laundering Act, 2002, were slapped against Halder and his five associates.

It was found during the searches, the ED claimed in a May 15 document, that Halder, “along with his other associates fraudulently obtained various (Indian) government identities like ration card, voter identity card and Aadhar card” in West Bengal. They claimed to have “ascertained” that “these Bangladeshi nationals…also managed to float companies in India on the basis of fraudulently obtained identities and…even purchased properties in West Bengal”.

As the ED dug deeper, following an official investigation request to the Indian authorities by Bangladesh’s Anti-Corruption Commission (ACC) earlier last year, it found that the scale of the scam and kickbacks to be massive and widespread — to the tune of Tk 10,000 crore involving bank fraud in Bangladesh, siphoning off money to other countries. Besides his Bangladeshi and fake Indian passports, Halder was found to be in the possession of a Grenada passport. The ED found that an Interpol ‘red corner’ notice was pending against Halder at that time.

Halder according to his statement to the ED, alleged during his interrogation that Alam has “effective control over six banks”, one non-banking financial institution, two general insurance companies and two life insurance companies. Besides, he owns two merchant banks and has membership on the Dhaka and Chittagong stock exchanges, in the “name of three companies controlled by him”.

According to Halder’s statement, in four banks (First Security Islam) Bank Ltd, Union Bank Ltd, Global Islami Bank Ltd and Social Islami Bank Ltd, “about 60 percent of the total credit facility has been given to different dummy companies/entities of Md. Saiful Alam”. At the same time, “almost 20 percent loan portfolio of these banks has been given to the directors of other banks”, including IFIC Bank that is owned and run by Salman Rehman, the industrial advisor to the Bangladesh prime minister.

Halder adds in his statement that the “total borrowing of Md. Saiful Alam and the entities managed and controlled by him and his family members, from Government and other private banks, is to the tune of more than Taka 20,000 crore,” he alleged.

“Md. Saiful Alam, by virtue of his considerable financial resources…controls the levers of many important government departments and organisations in Bangladesh. He wields considerable influence in the appointment of the heads of top four government organisation(s) of Bangladesh viz. the Anti-Corruption Commission (ACC), Directorate General of Forces Intelligence (DGFI), Inspector General of Police (IGP) and Ministry of Law (Office of the Law Ministry),” Halder said in his statement to the ED.

The document also details the donations that Alan routinely made to Bangladesh’s political parties, including the Awami League and the Hefajat-e-Islam. “He donated around Taka 1500 crore to the Awami League in the last two elections held in 2013 (sic) and 2018,” Halder claimed. Of the donated money, “an amount of Taka 100 crore was arranged through me, by Md. Saiful Alan to his two companies,” Halder’s statement said.

Tk 1,500 cr kickback to Sheikh Hasina’s son in 2014, B’desh banker told ED in May 2022

Within a week after his arrest by the Enforcement Directorate at Ashoknagar in West Bengal's North 24 Parganas in May

nenews.in

Taka 150 crore is only about $15 million only. Joy Kumar must be angry with the revelation of this small money that he may drop by mistake when pulling out his handkerchief from the pocket.

Bad people are saying that the American govt has forfeited $10 billion found in his bank account. No wonder, he had to leave America.

He is now in Singapore and married the daughter of Aziz Khan the biggest money launderer.

Rotone roton Cheney. But note that Hasina is grooming Putul Kamari to succeed her. Hasina may resign and Putul may become the new BAL President.

 

[IndianLite]

In politics competency has nothing to do with formal education. Sheikh Mujib had no university degree still became a political icon in Bangladesh.

Which is why he tanked the economy and his socialist claptrap set the nation back by a decade.

Great rabble rousing leader, without whom independence would not be possible, but a terrible manager of the nation.

He should have been granted his wish to be a constitutional president for life.

As quid quo for getting him out of the business of running the nation.

Instead, the Mir Jafars of the military brutally murdered him and created a blood feud!!!!

Taka 150 crore is only about $15 million only. Joy Kumar must be angry with the revelation of this small money that he may drop by mistake when pulling out his handkerchief from the pocket.

Bad people are saying that the American govt has forfeited $10 billion found in his bank account. No wonder, he had to leave America.

He is now in Singapore and married the daughter of Aziz Khan the biggest money launderer.

Rotone roton Cheney. But note that Hasina is grooming Putul Kamari to succeed her. Hasina may resign and Putul may become the new BAL President.

Joy is a poor version of Hunter Biden.

He has a long way to go before he is at the level of Trump’s Jewish son in law.

 

[@blue Ocean]

Which is why he tanked the economy and his socialist claptrap set the nation back by a decade.

Great rabble rousing leader, without whom independence would not be possible, but a terrible manager of the nation.

He should have been granted his wish to be a constitutional president for life.

As quid quo for getting him out of the business of running the nation.

Instead, the Mir Jafars of the military brutally murdered him and created a blood feud!!!!



Joy is a poor version of Hunter Biden.

He has a long way to go before he is at the level of Trump’s Jewish son in law.

You mean that a President of the US takes bribes and remit them to Hunter Biden just it is done in BD under Hasina.

By the way, talk about Golden BD led by your BAL party.

 

[IndianLite]

You mean that a President of the US takes bribes and remit them to Hunter Biden just it is done in BD under Hasina.

By the way, talk about Golden BD led by your BAL party.

Yep. Joy gets his cut just like the children of all national leaders.

Margaret Thatcher’s useless son became an arms trader

King Charles pays no tax and exempts himself from laws he doesn’t like

The elite in the west are much more corrupt.

However, ordinary people in the west are super clean.

 

[@blue Ocean]

Yep. Joy gets his cut just like the children of all national leaders.

Margaret Thatcher’s useless son became an arms trader

King Charles pays no tax and exempts himself from laws he doesn’t like

The elite in the west are much more corrupt.

However, ordinary people in the west are super clean.

Stop writing funny things by comparing Joy Kumar with others to show people that your Joy Kumar is an innocent baby.

In order to save this criminal baby, you are comparing him with other people’s legal businesses.

BAL party people are all thieves. They are still doing money laundering jobs by following the examples of Joy Kumar.

No wonder, yourBAL party has reduced the FER of the country to less than $20 billion and it is going more down.

 

[Abu Shaleh Rumi]

He is 10 times more educated and competent. Actually held a job with a top foreign company.

And cleverly stays out of street politics.

Then, Ziaur Rahman is 1000 times more competent than street politician Sheikh Mujib ur Rahman. lol...

High on cow cola?

 

[IndianLite]

Stop writing funny things by comparing Joy Kumar with others to show people that your Joy Kumar is an innocent baby.

In order to save this criminal baby, you are comparing him with other people’s legal businesses.

BAL party people are all thieves. They are still doing money laundering jobs by following the examples of Joy Kumar.

No wonder, yourBAL party has reduced the FER of the country to less than $20 billion and it is going more down.

I am very careful not to paint Mujib and his clan innocent of anything.

BAL and BNP are criminal outfits. Their district leaders are mafia godfathers.

Criticise them and you will end up dead.

Which is why I use a VPN.

I am the most harshest critic of Mujib.

Funnily enough the Mullahs are the least corrupt people in BD. Unfortunately, they peddle violence and backwardness.

However, you somehow think the elite of the west are less corrupt! Which is hilarious and not based on fact.

 

[IndianLite]

Then, Ziaur Rahman is 1000 times more competent than street politician Sheikh Mujib ur Rahman. lol...

High on cow cola?

PEOPLE WHO GET MURDERED BY THEIR SUBORDINATES CANNOT BE CALLED “COMPETENT”.

Mujib was ZERO competent - so thousand times zero is still a FAT ZERO


The guy who presided over multiple mutinies and created divisions in the military between pak returnees and war veterans - ultimately leading to his murder - cannot be called competent.

He also encouraged the extreme leftists like Taher to mutiny when it suited him - then had him executed when it didn’t.

Extremely ambitious, yes!
Competent not!

 

[saif]

Then, Ziaur Rahman is 1000 times more competent than street politician Sheikh Mujib ur Rahman. lol...

After Zia had taken over power, he brought down crimes and the prices of essentials. That's made him very popular overnight. If he wasn't competent, he couldn't have dealt with political and business mafias in such a short time.

 

[@blue Ocean]

PEOPLE WHO GET MURDERED BY THEIR SUBORDINATES CANNOT BE CALLED “COMPETENT”.

Mujib was ZERO competent - so thousand times zero is still a FAT ZERO


The guy who presided over multiple mutinies and created divisions in the military between pak returnees and war veterans - ultimately leading to his murder - cannot be called competent.

He also encouraged the extreme leftists like Taher to mutiny when it suited him - then had him executed when it didn’t.

Extremely ambitious, yes!
Competent not!

You may be a bonafide BAL supporter. But it does not mean you should talk nonsense about the past. Do not write your own history book because it will not last.

Zia was certainly not the initiator of infighting between Muktijoddha and Pakistan returned military troops It was Mujib himself who did it. It was the divide and rule policy of Mujib.

He gave two or three promotions to Muktijoddha group. This was certainly dispised by the Pakistan-returned because they became subordinate to their own subordinates before the war.

This was Mujib.

Zia himself was junior to Ershad, but became senior to him after the war. But, Zia tried to rectify things.

He made Ershad the Army Chief of Staff instead of Muktijoddha General Manjoor. An angry Manjoor was sent to Chittagong.

Is not this the reason that Manjoor fell in the trap set by Ershad-Hasina-RAW? He killed Zia in Chittagong expecting his officers to arrest or kill Ershad in Dhaka without knowing that Ershad himself masterminded the plot and General Manjoor fell into it.

Long story short. You are talking just the opposite. Go through the events of Ershad coup, you will find that Zia was killed for his efforts to minimize the infighting between the two groups of military.

Do not believe what your Madam Hasina says. She is guilty of many other crimes that include killing of 57 officers in Pilkhana.

How about the grenade attack that killed BAL people. Do you think Tareque sent killers in one hour to the building behind her truck?

Can you send a man with weapons to a house on the 7th floor? Once Hasina out of power she will be punished. So, keep on worshipping that murderer before she is killed.

Now you know why she is so adamant to remain in power.