The Anti-Corruption Commission (ACC) has filed a case against Mosharraf Hossain, former forest conservator and managing director of Meghna Real Estate Ltd, for allegedly amassing Tk4.22 crore in wealth beyond known sources of income.
The case was filed by ACC Deputy Director Md Hafizul Islam at the Dhaka-1 Coordinated District Office of the commission, said the commission Director General (prevention) Md Akhtar Hossain at a briefing on Thursday.
According to an ACC probe, Mosharraf, 72, joined the Bangladesh Forest Department as an assistant conservator on April 24, 1985, and retired as a conservator on June 28, 2005. After retirement, he established Meghna Real Estate Ltd and continued to operate the company.
During the investigation, ACC found that Mosharraf had acquired immovable properties worth Tk1.86 crore, including a 3,000 sq ft flat in Dhanmondi, Dhaka, purchased for Tk1.05 crore, a plot in Purbachal under Rajuk valued at Tk20 lakh and 40 decimals of land in Saint Martin’s Island, Cox’s Bazar, bought for Tk60 lakh.
Apart from the above, a detailed review of his bank accounts and financial instruments revealed liquid and movable assets worth Tk3.24 crore.
These include deposits and FDRs across 17 different accounts in banks such as Agrani, Janata, AB, Dutch-Bangla, Mercantile, Brac, IFIC, Standard Chartered, Islami Bank, Eastern Bank, Sonali Bank, and FSIBL, Tk45 lakh invested in family savings certificates, a private vehicle valued at Tk43.42 lakh, 600 shares in Meghna Real Estate Ltd, Tk76.51 lakh in cash and Tk14.45 lakh in declared business capital.
In total, the ACC documented assets worth Tk5.11 crore under Mosharraf’s name.
However, income tax documents from FY(fiscal year) 2007-08 to FY2024-25 show a total legal income of Tk1.79 crore and family expenses of Tk90.9 lakh, leaving only Tk88.93 lakh in net savings.
The commission concluded that Mosharraf could not account for Tk4.22 crore of his wealth, and therefore committed an offence under Section 27(1) of the ACC Act, 2004, and Section 5(2) of the Prevention of Corruption Act, 1947.
