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ACC to quiz seven persons linked to Panama, Paradise Papers

  • Published at 06:36 pm July 8th, 2018
  • Last updated at 07:05 pm July 8th, 2018
Courtesy of International Consortium of Investigative Journalists (ICIJ)

All seven persons are senior officials of various business organizations

Anti-Corruption Commission (ACC) has summoned for interrogation seven Bangladeshi individuals whose names have appeared in the Panama Papers and Paradise Papers, the leaked financial documents that have revealed corruption on global scale.

Chairman of the United Group Hasan Mahmud Raza and three directors of the same Group- Khandkar Mainul Ahasan, Akhtar Mahmud and Ahmed Ismail Hossain will face interrogation with regards to Panama Papers leak on July 16, a senior ACC official said.

Ericson Johan Andres Wilson of WMV Limited, Mahtabur Rahman of Selcon Shipping Company and Farhan Yakubur Rahman of Intridip Group will have to face the interrogators on July 17 over allegations of money laundering revealed in Paradise Papers.

ACC Chairman Iqbal Mahmood on June 20 ordered all ACC officials to complete investigation by June 30 against individuals or entities whose names have been appeared in the leaks of Panama Papers and Paradise Papers.

Names of many Bangladeshis have appeared in Panama, Paradise and other leaks from the murky world of illicit offshore finance.

Also Read- ACC sets June 30 deadline to complete probes into Panama, Paradise Paper leaks

The names of Bangladeshis, including businessman Moosa Bin Shamsher, have appeared in the Paradise Papers, a leak of more than 13 million confidential files relating to illicit offshore finance.

The documents claimed that Moosa Bin Shamsher registered a company named Venus Overseas in 2010 in Malta, an offshore tax heaven while another Bangladeshi Shahnaz Huda Razzak registered two companies - Ocean Ice Shipping and Priyam Shipping in Malta between 1999 and 2001.

US-based International Consortium of Investigative Journalists (ICIJ) also revealed Bangladeshi entities and individuals in its Panama Papers database. The leaks show that the entities used Bangladeshi addresses in their incorporation charters.

The data collated by the ICIJ, comes from the Panamanian law firm Mossack Fonseca and includes information about companies, trusts, foundations and funds incorporated in 21 tax havens which contains information on almost 320,000 offshore entities that are part of the Panama Papers and the Offshore Leaks investigations.