Giasuddin Al Mamun sentenced to 7 years for money laundering | The Daily Star
12:00 AM, April 25, 2019 / LAST MODIFIED: 02:40 AM, April 25, 2019

Giasuddin Al Mamun sentenced to 7 years for money laundering

A Dhaka court yesterday sentenced businessman Giasuddin Al Mamun to seven years’ rigorous imprisonment in connection with a case filed over siphoning off 4,18,852 British pounds to the United Kingdom.

Judge Abu Syed Diljar Hossain of Special Judge Court-3 of Dhaka announced the sentence in presence of Giasuddin, a close friend of BNP’s Acting Chairperson Tarique Rahman. The court also fined him Tk 12 crore.

Mamun was shown arrested in the case on April 29, 2012. According to the provision of the Criminal Procedure Code (CrPC), Mamun’s jail term would be deducted from the date when he was shown arrested in the case.

The court ordered Bangladesh Bank to take an initiative to bring back the 4,18,853 British pounds from UK and confiscate it in favour of the state

Earlier, the court recorded statements of eight prosecution witnesses including complainant of the case.

Owner of Bangladesh Telecom M Shahzad Ali and his wife Tahmina Ali, who deposited money in Mamun’s  accounts, gave statements before the court as approvers even though they were earlier made accused in the case.

On September 22, 2011, ACC Deputy Director Mohammad Ibrahim filed the case with Cantonment Police Station against Mamun.

According to the FIR, the accused opened two accounts with a London branch of NatWest Bank and laundered the money between 2003 and 2006. Of the total amount, 2,14,356 pounds were found in an account. The money was deposited between July, 2003 and January, 2005.

Of the sum, M Shahzad Ali deposited 17,286 pounds in November, 2004 to that account while his wife M Tahmina Ali deposited 27,323 pounds. 

A sum of 2,04,496 pounds were also found in another account of Mamun. The money was deposited between March, 2003 and October, 2006.

On April 29 in 2012, the ACC submitted the charge sheet to the Chief Metropolitan Magistrate’s Court in Dhaka. The court framed charge against Mamun on October 31, 2012.

Mamun -- who stands accused in 13 other cases -- has already been convicted and sentenced to 30 years in jail in four cases, three of which were for corruption.

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