Moosa Bin Shamsher, 21 Bangladeshis in new Paradise Papers leaks


FE Report | Published: February 15, 2018 23:49:04


Moosa Bin Shamsher, 21 Bangladeshis in new Paradise Papers leaks

A new set of data from Paradise Papers mentioned the names of 22 Bangladeshis or people linked with Bangladesh.
All of them have registered their entities in Malta, a popular off-shore jurisdiction or tax haven.
The names include: Moosa Bin Shamser, Zulfiqar Ahmed, Mohammed A Malek, Shahnaz Huda Razzak, Imran Rahman, Mohammed A Awwal, Erik Johan Wilson, Atikuz Zaman, Tajul Islam Tajun, Farhan Aqebur Rahman, Amanullah Chagla, Imran Rahman, Mahamood Hossain, Kamal Bhuiyan, Mohammed Rezaul Haque, Mohammed Kamal Bhuiyan, Tuhin Islam Sumon, Mahtaba Rahman, Md Fazle Elahi Choudhury, Kha Asadul Islam, Yousuf Khaleque and Faruque Palwan.
The leak, however, didn't mention anything about whether they transferred their financial assets illegally from the country to the offshore jurisdiction to evade tax.
More than 85,000 entities and over 110,000 officers in the Paradise Papers were added to the Offshore Leaks Database on Wednesday.
Meanwhile, Planning Minister AHM Mustafa Kamal found nothing wrong with the appearance of names of Bangladeshis in the Paradise Papers.
"As far as my knowledge goes, names of some Kings and Queens have been found in Panama Papers," he said, when his attention was drawn to the latest Paradise Paper leaks. "So what is wrong, if names of some Bangladeshis appear in such a list?"
He was talking at a press briefing on the country's banking sector at his ministry on Thursday.
He further said money will flow to places where there is a scope for higher returns and it cannot be prevented.
With the latest release, the number of Bangladeshis or people linked with Bangladesh stood at 89 in the database.
The database is prepared by the International Consortium of Investigative Journalists (ICIJ).
With this release, more than 290,000 companies related to the Paradise Papers incorporated in the database. The new data comes from three corporate registries of the Cook Islands, Samoa and Malta. It is valid until the end of 2016.
Last November the ICIJ released data from the offshore law firm Appleby in the first phase of Paradise Paper leaks. It covered a period of more than six decades through 2014 containing information on entities registered in more than 30 offshore jurisdictions. At that time names of 10 Bangladeshis were revealed.
A month later, the ICIJ released additional information from corporate registries from four secrecy jurisdictions that appeared in the Paradise Papers investigation: Barbados, the Bahamas, Aruba and Nevis.

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