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Bangladesh Probe Against Business-Terror Links


Authorities in Bangladesh have initiated a major investigation against some top industrialists, who allegedly siphoned off  billions of taka to help terrorists  abroad  in recent times.  
 The first  media  reports   in Bangladesh to this effect   has shaken up  Dhaka-based policymakers and the administration.
Bangladesh officials credits    Indian intelligence authorities  for  bringing the matter to light.  
According to reports, Mr Nazrul Islam Majumdar, high profile Chairman of the Exim Bank and head of the Bangladesh Association of Banks , has been involved in the racket. 
There are a few other industrialists whose records are also being examined, among them one founder of a huge conglomerate with strong links to Pakistan.
This group is responsible for huge bank defaults of around $ 800 million and moneylaundering of around 50000 BdTaka.
Bangladesh Home Minister Mr Asauddazaman  Khan  has confirmed that a  preliminary investigation was already under way into Mr. Majumdar’s dealings, but a few others were also under the scanner. ‘I will discuss  this  with Prime Minister Hasina shortly,’ he said, adding that the  post Corona pandemic situation had slowed down the proceedings somewhat.
But Bangladesh home ministry insiders say this conglomerate may not be immediately investigated because the family heading it was influential and had got away with making millions in 2 sharemarket scams.
The family figured in recent reports of its involvement in a regime change plot in Bangladesh spearheaded by a Major Power.

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