Saifuzzaman Chowdhury, a minister in Sheikh Hasina’s government, faces scrutiny due to his ownership of over 490 properties globally, despite earning a modest salary of INR 11 lakh. Following political protests, investigations have arisen into his financial activities, including allegations of money laundering and unlawful acquisition of wealth. The Anti-Corruption Commission of Bangladesh has initiated inquiries into these matters, as Chowdhury’s wealth surged significantly during his time as land minister.
Saifuzzaman Chowdhury, a prominent minister in Sheikh Hasina’s government of Bangladesh, has drawn scrutiny from the interim government led by Mohammad Yunus due to his considerable wealth. Although he receives an annual salary of INR 11 lakh, reports indicate he possesses over 490 properties worldwide, including significant holdings in the United Kingdom, the United States, and Dubai. Notably, 300 of these properties are located in the UK alone, as uncovered by an investigative media report.
Chowdhury’s close ties to Sheikh Hasina became evident as the political landscape shifted following unprecedented protests in 2024, which forced Hasina to resign and flee the nation. He subsequently left the country by August amid escalating tensions. In his income tax return, Chowdhury claimed his asset value to be INR 20 crore, though these claims are now under intense examination.
His father, Akhtaruzzaman, was an influential ally of Sheikh Hasina and a founding member of United Commercial Bank, which is embroiled in allegations surrounding the death of its founding chairman. Between 1992 and 2024, Chowdhury and his family reportedly acquired properties valued at over USD 295 million in major global cities, leading to significant scrutiny of their financial dealings.
Chowdhury’s wealth reportedly surged notably after he assumed the role of land minister in 2019. His property portfolio includes luxury assets such as a unit in Burj Khalifa, residences in London’s commuter towns, and additional holdings in Singapore and Malaysia. The situation escalated further when Bangladesh’s central bank blocked his and his family’s accounts following these allegations.
Currently, the Anti-Corruption Commission of Bangladesh has launched an investigation into Chowdhury’s financial activities, particularly focusing on claims regarding the unlawful acquisition of vast sums of money, potentially amounting to hundreds of millions of dollars, and subsequent laundering operations in the United Kingdom.
Saifuzzaman Chowdhury’s case highlights numerous concerns regarding the intertwining of wealth, political connections, and allegations of corruption in Bangladesh. His substantial property holdings and the ongoing investigation by the Anti-Corruption Commission emphasize the need for transparency and accountability in government dealings. As the political climate continues to evolve, this situation merits close observation to ensure justice is served.
Original Source: www.india.com
