ACC confiscates Tk 343cr wealth of Falu

Anti-Corruption Commission (ACC) has confiscated wealth worth Tk 343 crore of BNP leader Mosaddek Ali Falu.

ACC's Deputy Director Gulshan Anowar Prodhan seized the wealth today following a court order.

On May 13, the anti-graft body filed a case against Falu, a former member of BNP Chairperson Khaleda Zia’s advisory council, and three others under Money Laundering Act for siphoning Tk 183.92 crore to Dubai.

During investigation of the case, the ACC found another Tk 343 crore wealth amassed "illegally" by him, said the commission’s Public Relations Officer Pranab Kumar Bhattacharya.

According to the ACC, Falu, along with the three businessmen, opened offshore companies -- named Al Madina International Ltd, Tri Star Ltd and Development EUE -- in Dubai in 2010.

Through this, they siphoned off Tk 183.92 crore amassed through illegal means from the country.