ACC files case against Mahi B. Chowdhury over money laundering

The Anti-Corruption Commission (ACC) has initiated proceedings to file a case against Mahi Badruddoza Chowdhury for allegedly amassing Tk 20.69 crore through illegal means and money laundering.

ACC Director General Md. Akhtar Hossain announced the development during a media briefing on Wednesday. The complainant is ACC Deputy Director (Money Laundering) Md. Jahangir Alam.

According to the ACC, Chowdhury concealed assets worth Tk 9.68 crore in his declaration, made false statements, and acquired undisclosed wealth for personal use. The commission alleges he laundered illicit funds by purchasing 68 acres of land in his name, later transferring it to his company, Avalon Estate Limited.

The charges are filed under Sections 26(2) and 27(1) of the Anti-Corruption Commission Act, 2004, and Sections 4(2) and 4(3) of the Money Laundering Prevention Act, 2012.

HKJ