ACC to sue ex-IDRA chair Mosharraf, wife

The Anti-Corruption Commission (ACC) has decided to file two separate cases against former Insurance Development and Regulatory Authority (IDRA) chairman Dr M Mosharraf Hossain and his wife Jannatul Maowa for illegal asset acquisition.
They will be sued for allegedly acquiring assets worth around Tk 147.55 million from unknown and illegal sources.
The decision has been announced following an ACC investigation, which found evidence of disproportionate wealth accumulation by the duo.
Mosharraf alone is accused of acquiring assets worth Tk 13.6 million that are inconsistent with his known income.
This acquisition will be the subject of the first case filed against him under Section 27(1) of the Anti-Corruption Commission Act 2004.
The second and more significant case will be filed against his wife for possessing illegal assets of Tk 133.89 million.
The investigation concluded that Jannatul acquired the assets with the "dishonest cooperation" of her husband.
Consequently, both Jannatul and Mosharraf will be accused in the second case, with the latter implicated under Section 27(1) of the ACC Act and Section 109 of the Penal Code for abetment.
The cases will be filed by ACC Assistant Director Mohammad Azgar at the commission's head office in Dhaka.
This development comes after a long-running inquiry into the wealth statements of the former insurance regulator chief and his family members.

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