An extensive investigation by the Anti-Corruption Commission has uncovered serious allegations of unexplained wealth against a senior official of the National Board of Revenue (NBR), revealing a complex network of assets allegedly inconsistent with his lawful income.
The inquiry concerns Kazi Abu Mahmud Faisal, an additional tax commissioner currently serving in a temporary capacity in Bogura. According to preliminary findings, he is suspected of acquiring substantial illicit wealth during his earlier tenure as a joint tax commissioner, where he allegedly exploited procedural irregularities in tax file processing to obtain unlawful financial benefits from service recipients.
The investigation has identified assets registered not only in his own name but also in the names of 14 close relatives and associated individuals. Initial assessments placed the total value at approximately BDT 172.1 million, which later rose to around BDT 181.6 million following further scrutiny. The holdings reportedly include significant property assets in prime locations of the capital, alongside financial investments spread across multiple instruments.
Summary of Assets Identified
| Category of Assets | Estimated Value (BDT) |
|---|---|
| Real estate (flats, plots, land) | Significant portion (dominant share of total assets) |
| Bank deposits | Approximately 69.6 million |
| Savings certificates | Approximately 25.5 million |
| Stock market investments | Over 17 million |
| Other movable assets | Remaining portion of total ~181.6 million |
Investigators have further reported that a portion of these funds may have been transferred through bank accounts opened in the names of relatives in an apparent attempt to conceal the original source of income. Such transactions, according to the Commission, indicate possible efforts to disguise illicit proceeds as legitimate earnings.
A senior official of the Anti-Corruption Commission confirmed that legal proceedings have already been initiated based on the findings of the preliminary inquiry. The case is now under full-scale investigation, with authorities examining the origins of the funds, mechanisms of transfer, and the involvement of all associated individuals.
In addition, the Commission’s Deputy Director has filed a formal case naming a total of 14 accused persons, including Faisal himself as well as his wife, brother-in-law, parents-in-law, mother, siblings, and other close relatives. The charges include money laundering through the concealment, transfer, and conversion of allegedly illicit assets.
Officials have stated that the investigation remains ongoing and further evidence may be incorporated into the final report. Authorities are expected to conduct a comprehensive forensic review of financial trails and associated entities before determining subsequent legal action.