Hanif declares Tk100cr debt in his name
Despite an increased annual income over five years, Hanif's assets witnessed a declining trajectory.
Mahbubul Alam Hanif, the Awami League candidate for the Kushtia-3 constituency, has declared a staggering debt exceeding Tk100 crore in the affidavit submitted to the returning officer for the 12th national elections.
Despite experiencing an increase in annual income over the last five years, Hanif, who is also the joint general secretary of the ruling party, has seen a decline in his assets.
The affidavit reveals that his annual income has increased to more than Tk3.64 crore from Tk2.32 crore in 2018.
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In addition, he has Tk2 crore in cash, along with assets valued at Tk20.99 crore, a decrease from the Tk23.54 crore declared before the last election.
Hanif's financial strength has dwindled by Tk2.55 crore within this period, with a disclosed debt of approximately Tk102.86 crore to various financial institutions, including four banks.
His supplementary earnings from property rents amount to around Tk9 lakh, while his stock investments account for Tk4.81 crore.
Moreover, Hanif's possessions include 30 tola gold jewellery worth Tk8 lakh, electronic appliances of Tk9.15 lakh, furniture of Tk2 lakh, three personal vehicles worth Tk1.92 crore, and three licenced firearms worth Tk3.39 crore.
His immovable assets comprise non-agricultural land, residential properties, and land in different locations, including Dhaka, Gazipur, and Gulshan.
The AL leader owns non-agricultural land worth Tk10.41 crore, a house worth Tk8 lakh in Dhaka's Nayapaltan, three acres of land in Gazipur valued at Tk1.98 lakh, and a little over a 5-katha plot in Gulshan, valued at Tk3.39 crore.
In addition, he owns a building on 5,227 sq ft of land located in Kushtia, valued at Tk1.96 crore.
