Play store
Authorities in the Isle of Man, a self-governing British Crown Dependency, have frozen overseas assets linked to Nasa Group Chairman Nazrul Islam Mazumder, his wife Nasrin Islam and others concerned, following a request for mutual legal assistance from Bangladesh’s Anti-Corruption Commission (ACC).
The ACC has received a 161-page set of records related to the action, ACC Public Relations Officer Aktarul Islam confirmed.
According to an ACC document, Bangladesh sent a Mutual Legal Assistance Request (MLAR) to the Isle of Man concerning Nazrul Islam Mazumder, Nasrin Islam, several individuals and entities linked to them, and One Property Limited. The Isle of Man authorities have completed the actions requested in the MLAR and frozen assets connected to those named in the allegations.
The original 161-page records received from the Isle of Man have now been handed over to the ACC and will be reviewed as part of the ongoing investigation.
The asset freeze does not amount to permanent confiscation. Under the terms of the asset restraint order issued by an Isle of Man court, the Bangladeshi authorities must submit an updated report to the court on the progress of the ongoing investigation.
According to the records, the next progress report must be submitted to the Isle of Man court by May 20, 2027. The Isle of Man Attorney General’s Office has asked the ACC to provide information on the investigation’s progress by May 1, 2027.
The records also state that if the required progress report is not submitted within the stipulated timeframe, the court may consider lifting the asset restraint order.
The ACC said the records received from the Isle of Man were forwarded to the relevant officials for necessary action following a letter sent by the Political-3 Branch of the Ministry of Home Affairs on June 30.
The assistance was sought as part of an ongoing ACC investigation into Nasa Group and individuals and entities associated with its interests.
Besides Nazrul Islam Mazumder and Nasrin Islam, the allegations also involve members of their family and other individuals and organisations concerned.
The ACC documents said the MLAR sent to the Isle of Man had been fully executed, meaning the authorities there had taken the requested measures in response to Bangladesh’s request for assistance.