Dhaka: The Anti Corruption Commission (ACC) today filed a case against M Jahangir Alam, a director of the Matarbari Ultra Super Critical Coal-fired Power Project, on charges of acquiring illegal assets.
According to Bangladesh Sangbad Sangstha, ACC Director General (Prevention) M Akhter Hossain stated that Alam is accused of money laundering, as the graft body found that he had amassed over Tk. 29 crore beyond his known sources of income. The allegations suggest that Alam engaged in suspicious transactions amounting to over Tk 127 crore through 94 different accounts across various banks and financial institutions.
The ACC official indicated that the power project director is believed to have been converting and transferring money or property in an attempt to conceal the illegal sources of the funds. The case has been filed under section 27(1) of the Anti-Corruption Commission Act, 2004, and sections 4(2) and 4(3) of the Prevention of Money Laundering Act, 2012.