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The Anti-Corruption Commission (ACC) has seized immovable and movable assets worth Tk57.61 crore belonging to former chairman of Far East Islami Life Insurance Company Ltd Md Nazrul Islam and his wife Taslima Islam.
The ACC is also preparing to send a Mutual Legal Assistance Request (MLAR) to the United States to trace a house allegedly purchased by Nazrul in Wellington in 2015 with $550,000, equivalent to more than Tk3 crore.
According to court and ACC sources, the seized assets include houses, flats, plots and land in Dhaka’s Gulshan, Baridhara, Bashundhara, Nikunja and Jatrabari areas, as well as in Narayanganj, Mymensingh, Munshiganj, Patuakhali and Gazipur.
Nazrul owns immovable assets worth Tk38.39 crore, while assets worth Tk19.22 crore have been seized in his wife Taslima’s name.
The ACC alleges that Nazrul misappropriated policyholders’ savings by placing funds in fixed deposits at different banks and purchasing land at inflated prices in the name of Far East Islami Life Insurance.
ACC Public Relations Officer Aktarul Islam said the assets were seized following a court order and that the commission would take all necessary legal steps in line with the order.
The ACC investigation also found that Nazrul is a member of 14 elite clubs, including Dhaka Boat Club, Dhaka Club and Gulshan Club. Investigators say Nazrul and his family are US citizens.
The ACC has so far filed seven cases against Nazrul and others, involving alleged embezzlement of more than Tk1,000 crore. Investigations are ongoing, while several more cases are reportedly being prepared.