British regulators have been called upon by Members of Parliament to scrutinise the relationships between UK estate agents, lawyers, and lenders and Saifuzzaman Chowdhury, a former Bangladeshi minister currently under investigation for alleged corruption.
Chowdhury, who served as Bangladesh’s land minister until earlier this year, is being investigated by authorities in Dhaka after the fall of Sheikh Hasina’s government. His bank accounts have been frozen as part of a broader inquiry into corruption involving former government officials.
Chowdhury’s UK real estate portfolio, which includes over 250 properties valued at an estimated £200 million, has come under scrutiny.
A lawyer representing him previously stated that Chowdhury accumulated his wealth before entering politics and has “nothing to hide.”
Now, Labour MP Phil Brickell, a member of the All-Party Parliamentary Group (APPG) on Anti-Corruption, has written to HM Revenue and Customs (HMRC), the Financial Conduct Authority (FCA), and the Solicitors Regulation Authority (SRA), reports the Guardian.
Brickell…
