Amassing Wealth Illegally: Businessman sent to jail

The Anti-Corruption Commission on Wednesday night arrested a businessman in a case filed in connection with concealing information of Tk 7.6 crore in his wealth statement and amassing wealth worth Tk 17.04 crore beyond his known sources of income.

Gazi Mahmud Kamal, proprietor of Gazi Fabrics and Gazi Corporation, was arrested in the capital's Shahjadpur and kept in ACC's custody.

Yesterday, he was produced before a court that sent him to jail, rejecting his bail petition, said ACC's Assistant Director Abdul Wadud.

According to the case statement, Kamal submitted his wealth statement on November 2, 2014, after a notice had been issued asking him to do so.

In the statement, he mentioned that his movable and non-movable properties were worth Tk 33.89 crore, but the anti-graft body in its probe found that he had properties worth Tk 41.55 crore.

He concealed wealth worth Tk 7.66 crore, reads the statement.

Examining relevant documents, the ACC also found that Kamal earned Tk 24.5 crore legally.