A staggering discovery has emerged surrounding journalist Munni Saha, whose bank account reportedly holds an unprecedented 1.34 billion taka. Alarmingly, 1.2 billion taka of this amount has already been withdrawn, leaving a current balance of 140 million taka.
An investigation by Bangladesh Bank revealed that on May 2, 2017, a bank account was opened in the name of MS Promotions, owned by Munni Saha’s husband, Kabir Hossain, at the Wan Bank’s Karwan Bazar branch. Notably, Munni Saha was listed as a nominee on this account.
In a separate but equally intriguing matter, a different account was established under the name of Prime Traders at the Chattogram Katunganj branch of the same bank on July 21, 2004. This entity secured a loan of 5.15 billion taka, which it has failed to repay, leading to repeated waivers and renewals of interest. In 2017 alone, interest amounting to 257.8 million taka was waived.
The investigation has raised questions, as it appears that there is no business relationship between MS Promotions and Prime Traders. Despite this, substantial financial transactions occurred between the two entities. On September 29, 2019, a transfer of 5.65 million taka was made from MS Promotions’ account to that of Prime Traders, a transaction that the Bangladesh Financial Intelligence Unit has flagged as suspicious.
Reports indicate that Prime Traders supplies goods to the local market. In 2008, it received a loan of 2.65 billion taka but failed to service it. The loan was restructured in 2011 and again in 2017.
Furthermore, in 2017, MS Promotions was granted an overdraft loan of 180 million taka, which has faced various complications in repayment, prompting discussions for renewal in the bank’s executive committee meetings.
As investigations continue into the sources and uses of this colossal sum, questions arise: Is there an ominous scheme lurking behind this massive financial windfall?
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