The Anti-Corruption Commission (ACC) has arrested Masud Biswas, the former head of the Bangladesh Financial Intelligence Unit (BFIU), in connection with a corruption case.
The arrest took place with support from the police`s Detective Branch and was confirmed by ACC Deputy Director and Public Relations Officer Md. Akhtarul Islam on Saturday morning.
According to the ACC, Masud Biswas had a case filed against him on January 2, accusing him of acquiring assets that do not match his known sources of income.
The case highlights that Masud illegally accumulated wealth worth BDT 18,772,622.
This substantial amount of money is beyond what he could lawfully earn.
Holding such unaccounted-for assets is a punishable offense, leading the ACC to take legal action against him.
Last year, on September 25, the ACC had announced they were investigating Masud following allegations that he had obtained wealth through corruption and engaged in money laundering.
Upon receiving these serious complaints, the ACC formed a four-member committee to carry out a detailed investigation into his finances.
The arrest of the former BFIU chief has sent shockwaves, as Masud Biswas is now facing serious consequences for allegedly violating financial laws and amassing illegal wealth.
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