Travel ban imposed on ex-Finmin Mustafa Kamal’s business partner, 2 others
The family and their associates are accused of money laundering, amassing wealth in Dubai, and engaging in capital market manipulation and a syndicate involving the recruitment of workers to Malaysia.
A Dhaka court today (4 March) imposed a travel ban on Mohammad Abu Noman, a reported business partner of former finance minister AHM Mustafa Kamal, along with two top officials of Eastern Insurance Company Limited, in connection with ongoing corruption probes.
The other two individuals facing the restriction are Mahmud Hasan, former deputy managing director of Eastern Insurance, and Jannatun Nesa Jakia, senior executive vice president of the same firm.
Dhaka Metropolitan Senior Special Judge Md Sabbir Faiz passed the orders following three separate applications filed by the Anti-Corruption Commission (ACC). Bench Assistant Riyaz Hossain confirmed the matter to The Business Standard.
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In the application seeking a ban on Noman, ACC Director Md Abul Hasnat stated that a probe is currently underway against former minister AHM Mustafa Kamal, his wife Kashmiri Kamal, and their daughters, Kashfi Kamal and Nafisa Kamal.
The family and their associates are accused of money laundering, amassing wealth in Dubai, and engaging in capital market manipulation and a syndicate involving the recruitment of workers to Malaysia.
The anti-graft body identified Noman as a business partner of both the former minister and his daughter, Nafisa Kamal.
The petition noted that Noman, a permanent resident of Canada and Dubai, is an alleged money launderer whose medical check-up centres have already been permanently closed and assets confiscated by the state.
The commission informed the court that Noman spends a significant portion of the year abroad and likely holds citizenship in multiple countries.
Citing anonymous sources, the ACC expressed fears that he might flee the country to evade the ongoing investigation, which would hamper the legal process regarding the recovery of laundered funds.
In the two other applications filed by ACC Assistant Director Md Ismail, the anti-graft body sought travel bans on the Eastern Insurance officials over allegations of acquiring wealth beyond known sources of income.
The petitions stated that the individuals are under investigation for failing to submit wealth statements to the ACC and are suspected of preparing to leave the country.
