A senior official of Bangladesh’s National Board of Revenue (NBR), Kazi Abu Mahmud Faisal, is under investigation over allegations of accumulating wealth disproportionate to his declared income, according to findings by the Anti-Corruption Commission (ACC).
Faisal, currently serving as Additional Tax Commissioner in Bogura in a temporary capacity, previously held the post of Joint Tax Commissioner. He is accused of amassing substantial assets through illicit means during his tenure, allegedly by delaying or obstructing taxpayer services and exploiting his official position to extract unlawful payments. The practice, as alleged, resulted in significant financial losses to the state exchequer.
According to ACC sources cited in local reporting, an initial inquiry identified assets worth approximately BDT 1.721 billion (around 17.21 crore taka) registered in his name and those of 14 individuals linked to him. A more detailed investigation later indicated that the total value of movable and immovable assets rose to about BDT 1.816 billion (around 18.16 crore taka), which remains inconsistent with his known sources of income.
The ACC has also confirmed that legal proceedings are underway. The case was filed by Deputy Director Sheikh Golam Mawla, naming Faisal alongside members of his family and close associates, including his wife, in-laws, siblings, and other relatives believed to have acted as intermediaries in financial transactions.
Investigators have further identified significant investments and holdings in the capital. These include residential plots, flats, and land in several upscale areas of Dhaka, reportedly held in the names of Faisal and his relatives.
Financial scrutiny of banking and investment records revealed substantial liquidity and investment activity. These include savings certificates worth approximately BDT 255 million (2.55 crore), share investments exceeding BDT 170 million (1.70 crore+), and bank deposits totalling around BDT 696 million (6.96 crore). Authorities believe these transactions form part of a broader financial network designed to conceal the origin of funds.
Summary of Identified Assets
| Category |
Estimated Value |
| Savings Certificates |
BDT 2.55 crore |
| Share Investments |
BDT 1.70 crore+ |
| Bank Deposits |
BDT 6.96 crore |
| Total Identified Assets |
BDT 18.16 crore |
| Earlier Estimated Total |
BDT 17.21 crore |
The ACC alleges that Faisal developed a structured financial arrangement to legitimise illicit earnings. This reportedly involved opening bank accounts in the names of close relatives and transferring funds through a series of transactions intended to obscure their origin. Authorities have described the process as an attempt at money laundering, though investigations remain ongoing to establish the full extent of the alleged network and asset flow.
The case continues under formal investigation as officials examine both domestic holdings and associated financial records.
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