Former minister Saifuzzaman confesses to foreign assets, denies fund transfer allegations

Former minister Saifuzzaman confesses to foreign assets, denies fund transfer allegations

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Six companies owned by the minister and his wife are now actively operating real estate businesses abroad. The anti-corruption watchdog said offshore businesses accounted for £166.4 million or Tk 23.12 billion.

TIB did not publicly name the minister, but US-based media outlet, Bloomberg, released an investigative report on 18 February, detailing the property empire of former Lands Minister Saifuzzaman Chaudhry in Britain.

Some local media outlets republished the report, causing widespread outrage.

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