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Dubai banks involved in money laundering scandal


Dubai banks involved in money laundering scandal

M. Nuruzzaman

A large number of black-money holders and even terror-funders are having hundreds of millions of dollars in various financial institutions in Dubai. According to information, criminals are using these financial institutions in channeling their ill-gotten fortune to various countries, including the United Kingdom and the EU, as well are also investing in transnational narcotics and arms trafficking. Instead of looking into the source of such money, Dubai bank is cooperating with their clients in shifting funds to various banks in the world.

In 2009, a Bangladeshi family had smuggled-out millions of dollars into their accounts in the United Arab Emirates and later had successfully transferred at least 12 million pounds to Britain and bought immigration under Visa Tier-1.

Md. Shahid Uddin Khan, along with his wife Farjana Anjum and daughters Shehtaz Munasi Khan, Parisa Pinaz Khan and Zumana Fiza Khan had entered United Kingdom with tons of dirty money and had even managed immigrant status under Visa Tier 1, vide VAF No. 511702.

On January 17, 2019, Dhaka residence of Md. Shahid Uddin Khan was raided by the members of the Counter Terrorism and Transnational Crime (CTTC) unit of Bangladesh Police.

CTTC, based on secret information, raided House No. 184, Road No. 2, Baridhara DOHS in Dhaka, Bangladesh on January 17, 2019. This house is owned by Md. Shahid Uddin Khan and was allegedly used as a warehouse for arms, explosives and propaganda materials of Islamic State (ISIS). During the raid, a large volume of weapons, detonator, counterfeit Bangladesh currency notes and jihadist materials of ISIS were recovered by the CTTC unit.

The same family has also invested millions of dollars in a number of business ventures in the United Arab Emirates as well as deposited in their bank accounts in Dubai. According to media reports, Md. Shahid Uddin Khan and his family members are holding stakes in the transnational narcotics and arms trafficking, which is run by notorious terrorist Dawood Ibrahim’s D-Company.

This case of Md. Shahid Uddin Khan and his family evidently prove, British policymakers have already turned the country into a place, where anyone can bring in any amount of dirty money without facing any hassle from the authorities concerned.

On May 6, 2019, Britain’s largest daily newspaper The Sunday Times published an investigative report on this family’s dubious activities and investment of dirty money in the United Kingdom as well as its connection with Tory Party’s MP Stephen Hammond. Later it was revealed that Md. Shahid Uddin Khan and his family are having discreet business dealings with Mr. Hammond. There had never been any investigation about Khan’s ISIS connection or money laundering either by the National Crime Agency or MI5.

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