ACC probes former BFIU chief Masood Biswas corruption
September 25, 20242 Mins Read

Own Correspondent: Many irregularities have been alleged against the former head of Bangladesh Financial Intelligence Unit (BFIU) Masud Biswas who resigned. And the Anti-Corruption Commission (ACC) has decided to investigate these allegations.

On Wednesday (September 25), the commission made this decision, according to ACC Deputy Director and Public Relations Officer Md. Aktarul Islam.

According to ACC intelligence, Masud Biswas has committed gross abuse of power since assuming the post of Chief Officer of BFIU. He became the owner of a huge amount of wealth through various irregularities and corruption. The alleged irregularities in the purchase of Sky Capital Airlines Limited aircraft in return for bribes were not referred to the law enforcement agencies.

Due to irregularities and abnormal price increase, the bank account transactions of Himidri Limited, a listed company in the stock market, were suspended. Masud Biswas ordered to withdraw the status quo in exchange for financial benefits. He registered the cases against the Tanaka Group, SA Group and Anwar Group for personal benefit without referring them to the law enforcement agencies despite having reliable information about money laundering.

Masud Biswas has smuggled crores of rupees from Islami Bank in name-and-anonymous loans abroad in connivance with S Alam Group Chairman Saiful Islam Masud. Abdul Qadir Mollah's Thermex Group took unethical benefits and acquired huge wealth by concealing the money laundering case of Zeenat Enterprises in exchange of bribes including money laundering abroad. Initially proved to be correct that he has large amount of assets beyond his declared income, acquired illegally.

BFIU played a silent role in money laundering of Tk 92 thousand crores in 24 major incidents including Hallmark and Bismillah. But Bangladesh Financial Intelligence Unit (BFIU) is responsible for preventing money laundering. He could not stop it, on the contrary, the recently resigned head of BFIU, Masood Biswas, has been accused of taking bribes in various ways apart from assisting in money laundering. He is also accused of wasting money by pressurizing the banks through training programmes, organizing various unnecessary events and foreign trips. In the past few years, there have been allegations of taking financial benefits from BFIU by conducting an average of 8-10 major investigations per year.

Allegedly, the Cash Transaction Report (CTR) was not verified by the BFIU, the villain behind which was former chief Masood Biswas.

The Anti-Corruption Commission (ACC) has decided to investigate the former head of BFIU Masood Biswas on allegations of illegal acquisition of wealth including such irregularities.