INSUBCONTINENT EXCLUSIVE:
British regulators have been urged by MPs to examine the relationship between London estate agents, lawyers and lenders and a former
Bangladeshi government minister under investigation for alleged corruption.Saifuzzaman Chowdhury was the land minister in Bangladesh until
protests.Chowdhury has since had his bank accounts frozen and is being investigated byDhaka authorities, amid allegations of corruption
against multiple members of the deposed government.A lawyer acting for Chowdhury, whose UK real estate portfolio includes more than 250
politics.Now an MP on the all-party parliamentary group (APPG) on anti-corruption has asked HM Revenue and Customs, the Financial Conduct
Authority (FDCA) and the Solicitors Regulation Authority (SRA) to investigate whether UK companies followed anti-money laundering rules when
helping Chowdhury with property deals.In letters seen by the Guardian, Labour MP Phil Brickell called on the three regulators to ensure that
serious about making London the anti-corruption capital of the world requires proactive, swift and robust investigation where allegations of
Bangladesh in tracking UK assets linked to people under investigation by Dhaka authorities
The chair of the group, Joe Powell MP, has written to the National Crime Agency urging it to investigate assets in the UK linked to members
of the former Bangladeshi regime, including Chowdhury.The role of western companies that work with politically connected overseas business
money laundering, and whether they may have committed a criminal offence if they failed to do so.The central bank of Bangladesh has frozen
illegally acquired hundreds of millions of dollars and laundered it in the UK.According to reports in Dhaka, British government officials
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there was a risk he could be the subject of a miscarriage of justice.Chowdhury had said that his overseas assets had been funded by
legitimate international business interests
he was no longer instructed by Chowdhury and Chowdhury did not return requests for comment sent to his personal email addresses.A
This article first appeared/also appeared in theguardian.com
