Dhaka-17 lawmaker Mohammad Ali Arafat showed a change in his financial statements for the upcoming national elections.
In June, for the Dhaka-17 by-election, he declared having Tk3,43,99,606 in cash, including his bank balance. However, in his affidavit for the 12 National Parliamentary Election, he reported having no cash at all in his financial disclosures.
Although Mohammad Ali Arafat currently has no cash, his wife holds Tk1,23,71,000. Previously, it was Tk1,10,00,000. During the by-election, he declared an income of Tk38,78,000 for his dependents, but this time no income was declared.
A comparative analysis of Mohammad Ali Arafat's affidavits for the 11th National Parliamentary by-election and the 12th national parliamentary election reveals these details.
It was found that Arafat's annual income has slightly increased compared to before. His current annual income is Tk1,32,78,600, previously it was Tk1,27,87,605. His income sources include shares and bank deposits amounting to Tk49,260, job Tk1,25,50,000, and other sources contributing Tk6,79,340.
Arafat currently owns shares worth Tk1,44,71,463, an increase from the previous Tk1,29,00,000. His wife's share investments increased from Tk1,99,00,000 to Tk2,02,40,000.
Arafat's fixed deposit in savings certificates increased from Tk30,00,000 to Tk34,00,000. He still owns a car worth Tk17,20,000, electronic items and furniture worth Tk6,00,000, and an apartment worth Tk2,70,00,000.
The affidavit showed he and his wife do not own any gold, stone-crafted jewellery, or other valuable ornaments.
Arafat had a home loan of Tk1,17,61,386 from Strategic Finance and Investment Ltd (SFIL) in his name, which has now been reduced to Tk1,10,23,913. His wife's loan remains at Tk8,00,000 as before.