ACC files graft case against Matarbari PD over Tk 29cr

Anti-Corruption Commission (ACC) has filed a case against Md Jahangir Alam, director of Matarbari Ultra Super Critical Coal-Fired Power Project, for suspicious transactions of Tk 127 crore through 94 accounts in various banks and financial institutions under his name.

The ACC also claimed to have found evidence that Jahangir acquired movable and immovable assets worth Tk 29 crore, which was inconsistent with his known source of income, a senior ACC official confirmed it to the Daily Sun recently.

Jahangir has acquired total assets of Tk31,49,66,109, which includes immovable assets of Tk49,63,650 and movable assets of Tk31,00,02,459, according to the case statement.

His family and personal expenses were found at Tk 68,55,537, including these expenses, the net assets in his name stood at Tk 32,18,21,646.

On the other hand, his legally acceptable income was found to be Tk 3,11,10,192. As a result, Jahangir is accused of acquiring and possessing illegal assets to Tk 29,07,11,454, it said.

Jahangir committed a punishable offence under Section 27 (1) of the Anti-Corruption Commission Act, 2004 by acquiring and possessing assets disproportionate to his income.

He tried to legalise the illegally earned money by repeatedly depositing and withdrawing those into different bank accounts, layering it and hiding the source of the money by making suspicious transactions, said the case statement.

Based on evidence, a case has been filed against him under Section 27 (1) of the Anti-Corruption Commission Act, 2004 and Sections 4 (2), (3) of the Prevention of Money Laundering Act, 2012.