Sun, 14 April 2024
The Daily Ittefaq

Ex-land minister Javed acknowledges overseas properties

Update : 02 Mar 2024, 18:35

Former land minister and a figure in one of Chattogram's prominent political family, Saifuzzaman Chowdhury Javed, has confirmed the existence of assets in the UK, US, and several other countries, attributing their origin to legitimate business endeavours.

Bloomberg News, on February 18 reported that Saifuzzaman has built up a UK real estate empire of more than 350 properties worth about £200 million. Moreover, he has assets in US. 

During a press conference on Saturday at the National Press Club in Dhaka, Javed clarified that his engagement in business activities dates back to 1991 in the US while citing his father's establishment of a trading venture in London as far back as 1967. Despite widespread interest in his offshore assets, he refuted suggestions of acquiring them through illicit means.

Regarding his disclosure practices, Javed explained that the assets held abroad were not included in documents submitted to the Election Commission, citing the absence of a legal mandate requiring such declarations. 

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