In a historic achievement, the Anti-Corruption Commission (ACC) has demonstrated its most significant success in suppressing corruption in the aftermath of a major uprising. Over just eight months, the agency has seized and frozen a substantial amount of assets belonging to more than a hundred corrupt individuals, money launderers, embezzlers, and loan defaulters both domestically and abroad.
From August last year to March this year, this massive asset seizure marks a new milestone in the fight against corruption in the country. During this period alone, assets worth 361 crore taka have been confiscated and frozen, surpassing nearly three thousand four hundred fifty crore taka accumulated over the past five years.
According to sources within the ACC, these steps were taken under court orders. In this timeframe, assets worth approximately 12,138 crore seventy-seven lakh twenty thousand seven hundred seventy taka have been seized inside the country. Of these, court orders have led to the blocking of assets valued at 773 crore sixty-two lakh fifty-four thousand four hundred three taka. Abroad, assets valued at 120 crore forty-four lakh twenty-four thousand sixty-eight taka have been confiscated, along with frozen assets worth 45 crore seventeen lakh forty-one thousand four hundred nineteen taka.
The seized assets include 191 acres of land, 582 flats abroad, 28 houses within the country, along with numerous other flats, plots, vehicles, and assets worth millions of dollars and euros. Among these are approximately 1,010 bank accounts holding a total of 817 crore fourteen lakh taka.
Notably, these assets belong not only to top business figures and politicians such as the Schikdar Group, S. Alam, Nabil Group, and others but also to former police officials and Revenue Board officers. Typically, unless directed otherwise by court orders, the ACC’s own Asset Management Unit handles the management of these confiscated assets.
Through this dedicated unit, significant asset seizures and freezes have been carried out in 2023 and 2024. Over the past two years, the operation has targeted the assets of former Prime Minister Sheikh Hasina’s family, the Schikdar family, Salman F. Rahman, top brokers, government officials, and others involved in corruption.
This groundbreaking crackdown sends a powerful message across Bangladesh: corrupt individuals can no longer find safe refuge. The ongoing campaign against corruption is expected to continue with renewed vigor, reinforcing the government’s firm stance against illicit enrichment and financial misconduct.
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