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Transfer of Farooq-Rashid’s Jubilee Bank shares stopped

  • Published at 12:24 am November 22nd, 2016

The ministry has also suspended any further recording of the returns of the convicted killers’ shares in the Directorate of the Registrar of Joint Stock of Companies and Firms. In a letter to the Bank and Financial Institutions Division signed by its Deputy Secretary SM Masudur Rahman, the ministry on November 17 sought opinion from the Law and Parliamentary Affairs Ministry regarding the confiscation of the shares. Earlier, the Directorate General of Forces Intelligence (DGFI), the military intelligence agency, had sent a letter to the division regarding the issue. According to the DGFI letter, Farooq and Rashid hold 85,000 shares of the bank, each share worth Tk25. Bangabandhu murder case convicts Farooq and Bazlul Huda were hanged on January 27, 2010; Col (dismissed) Rashid has been a fugitive for the past 30 years. Recently, parliament unanimously adopted a resolution to confiscate all movable and immovable assets of the convicted killers of Bangabandhu and war criminals. Assets of Farooq and Bazlul would be confiscated through a law, said Law Minister Anisul Huq in parliament. But no law was required to confiscate assets of the absconding killers, he added.