National
6 days ago

Ex-AL MP Dr Iqbal, family sued by ACC over Tk 680m in undeclared assets

Published :

Updated :

The Anti-Corruption Commission (ACC) has approved the filing of a case against Dr HBM Iqbal, former Bangladesh Awami League lawmaker and his family on charges of amassing Tk 680 million in wealth from undisclosed sources.

According to ACC findings, Dr Iqbal, also former chairman of Premier Bank PLC, has total assets amounting to Tk 2.98 billion, while his recorded liabilities stand at Tk 1.39 billion, leaving a net wealth of Tk 1.59 billion. 

Against this, he declared a total income of Tk 1.90 billion, with family and personal expenses of Tk 933 million, indicating net savings of Tk 974 million.

However, the ACC detected a discrepancy of Tk 623 million, representing wealth inconsistent with his known income sources.

Consequently, the Commission has authorised the filing of a case under Section 27(1) of the Anti-Corruption Commission Act, 2004, for possessing and enjoying assets beyond declared income.

Iqbal, a prominent businessman and former ruling party MP, has long faced allegations of using political influence to amass illicit wealth.

The ACC’s move is part of its intensified drive to hold influential figures accountable for disproportionate asset accumulation.

Meanwhile, the ACC has also sued his wife for possessing over Tk 50 million in undisclosed assets and his two sons for holding Tk 6.0 million worth of undeclared money.

tonmoy.wardad@gmail.com

Share this news