Wealth of MP Ekramuzzaman Surges Amidst Dubai Property Disclosures

The latest financial disclosures from Syed AK Ekramuzzaman, the Independent Member of Parliament for Brahmanbaria-1 (Nasirnagar), have revealed a vast international property portfolio alongside a dramatic surge in his personal liquid wealth. According to the affidavit submitted for the 13th General Election, the 69-year-old Managing Director of RAK Ceramics now admits to owning luxury flats in the United Arab Emirates’ most iconic developments, including the Burj Khalifa, Palm Jumeirah, and Dubai Marina. These specific assets were notably absent from his previous filings for the 11th and 12th elections, suggesting a significant shift in his declared offshore holdings.

The MP’s financial trajectory over the last seven years presents a striking paradox. While his annual income has reportedly dropped nearly fourfold—falling from 53.97 crore BDT during the previous election cycle to 4.46 crore BDT currently—his liquid cash reserves have multiplied by more than 27 times, reaching 21.69 crore BDT. Simultaneously, his total debt has ballooned by approximately 22 times. To fuel his various business interests, Mr Ekramuzzaman has leveraged loans amounting to roughly 2,921 crore BDT from a network of 35 banks and seven financial institutions. This massive debt profile is shared across 12 business entities involving himself and his dependents.

Politically, Mr Ekramuzzaman has undergone a series of high-profile transformations. Originally a prominent advisor to BNP Chairperson Khaleda Zia, he contested several elections under the BNP banner before being expelled. He subsequently joined the Awami League in 2024 and was appointed as an advisor to the Brahmanbaria district committee, though he claims to have resigned from that post shortly thereafter. Beyond his political and debt-related headlines, he is currently navigating seven legal cases filed in various courts following the July mass uprising.

His domestic assets are equally substantial. He owns over 2,000 decimals of agricultural land and 758 decimals of non-agricultural land across Nasirnagar, Mymensingh, and Habiganj. His urban holdings include premium buildings in Dhaka, Chattogram, and Sylhet valued at 46.21 crore BDT, and a residence in Uttara worth 10.02 crore BDT. His wife, Naima Akter Jahan, and his sons also maintain significant independent assets and tax profiles, contributing to a family estate that spans continents.

Summary of Disclosed International and Movable Assets