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Bashundhara chief’s properties attached


Posted on Sunday, August 5th, 2007 at 1:18 am
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Police yesterday attached the movable and immovable properties of Bashundhara Group Chairman Ahmed Akbar Sobhan alias Shah Alam and his family and sealed their Gulshan house following a court ruling issued four days ago in connection with a tax evasion case.
During the eight-hour raid in the three-storeyed building on Road No 88 in Gulshan-2, police made a list of the properties seized. They sealed the house at around 8:00pm and took it under their control.

Police sources said that they have made a seizure list of over 175 goods inside the house, which is not possible to move.

“As we have not found a place yet to keep the large number of goods, the residence was sealed and kept under police supervision,” Sub Inspector Rezaul Karim of Gulshan Police Station said.

Some employees and officials of the Bashundhara Group were brought to the house to help the law enforcers find and list their chairman’s properties.

None of the Shah Alam family has been living in the house since February. The house is entitled to Shah Alam’s wife Afroza Begum, also the managing director of Bashundhara Group.

“The properties were seized following the court order and a report will be submitted to the court by August 6,” SI Rezaul said.

Judge Mohammad Azizul Haq of the Metropolitan Sessions Judge’s Court passed the attachment order on July 31.

The same court on July 25 issued arrest warrants against seven, after Kabiruddin Mollah, deputy tax commissioner of Circle-8 filed a case for evading Tk 8.48 crore income tax between the financial years 2003-04 and 2006-07.

The accused are Bashundhara Industrial Complex Ltd, Bashundhara Group Chairman Ahmed Akbar Sobhan Shah Alam, wife Afroza Begum, their sons — directors Sadat Sobhan, Safayet Sobhan and Sayem Sobhan, deputy director Mostafizur Rahman and MM Kuddus, proprietor of Kuddus & Company.

In the complaint, Kabir said that Shah Alam and others repeatedly gave false information to the income tax department about their real income and expenditure and evaded the huge amount of tax.

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This entry was posted on Sunday, August 5th, 2007 at 1:18 am and is filed under Bangla, Bangladesh, Bangladesh Economy, Bangladesh News, Daily Bangladesh News, Economy, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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One Response to “Bashundhara chief’s properties attached”

  1. 1
    B.Ahmed CPA PHD(USA) Says:

    Is it not amaging that this Industry group was patronised by former Govt and resulted in
    evasion of huge taxes,
    All people who have a little common sense, see that Income tax commissioners lodged the cases in year 2002-2004 & 2006. How could they avoid the payment of taxes unless they have been incubating
    under the wingsof Bygone despotic leaders Hasina & Khaleda Zia.
    How shameful ,instead of covering their heads in shame, they keep on fighting for leadership!
    How strange are they & their bewitched supporters.
    We cannot be bewitched as we Keep on reading
    “Sura AL NAS”
    Thank you.

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