ACC sues ex-MP Fazle Karim for Tk109cr suspicious transactions
Fazle Karim acquired wealth worth Tk24.08 crore, including Tk11.95 crore in immovable assets without legal sources of income to justify it
The Anti-Corruption Commission (ACC) has sued former lawmaker ABM Fazle Karim Chowdhury for allegedly acquiring nearly Tk6 crore in illegal wealth and conducting suspicious financial transactions totaling over Tk109 crore.
The case was lodged today (13 July) at the ACC's Chattogram office by Assistant Director Md Nizam Uddin. Deputy Director Subel Ahmed of Chattogram office confirmed the matter to The Business Standard.
Fazle Karim, who represented Chattogram-6 (Raozan) for five terms, was arrested by Border Guard Bangladesh on 12 September last year while attempting to flee to India, following the fall of the AL government amid the August 5 mass uprising.
Keep updated, follow The Business Standard's Google news channel
He remains in custody.
According to the ACC, Fazle Karim acquired wealth worth Tk24.08 crore, including Tk11.95 crore in immovable assets without legal sources of income to justify it. His declared income was Tk18.13 crore, leaving a gap of Tk5.95 crore deemed to have been illegally acquired.
The ACC also identified Tk108.64 crore in suspicious transactions through 12 bank accounts, believed to be proceeds of corruption and laundered to obscure their origins.
The case has been filed under multiple sections of the ACC Act, the Money Laundering Prevention Act, and the 1947 Prevention of Corruption Act.
Fazle Karim, a former National Democratic Party member who joined the Awami League in 1996, was long viewed as a dominant political figure in his constituency.
