The Financial Institutions Division will acquire shares of Jubilee Bank owned by two self-proclaimed killers of Bangabandhu – Col Syed Farooq and Col Khandaker Abdur Rashid – in a bid to confiscate all their movable and immovable assets.
Bangladesh Bank gave its consent to confiscation of 85,000 shares of the country’s oldest bank.
Last September, the Finance Division suspended any further recording of the returns from the convicted killers’ shares in the Directorate of the Registrar of Joint Stock Companies and Firms.
In a letter to the Bank and Financial Institutions Division signed by its Deputy Secretary SM Masudur Rahman, the Finance Ministry on November 17 sought opinion from the Law and Parliamentary Affairs Ministry regarding the confiscation of the shares.
Earlier, the Directorate General of Forces Intelligence (DGFI), the military intelligence agency, had sent a letter to the division regarding the issue.
According to the DGFI letter, Farooq and Rashid hold 85,000 shares of the bank, each worth Tk25. Bangabandhu murder case convicts Farooq and Bazlul Huda were hanged on January 27, 2010. Col Rashid has been a fugitive for the past 30 years.
Recently, the Parliament unanimously adopted a resolution to confiscate all movable and immovable assets of the convicted killers of Bangabandhu and war criminals.
Assets of Farooq and Bazlul would be confiscated through a law, said Law Minister Anisul Huq in the Parliament.