- “Help is on the way,” Trump tells Iranian protesters
- Hundreds arrested in Wales during crackdown on illegal working
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- Selim Al Deen seminar tomorrow
- Country’s economy grows 4.50% in Q1 of FY26
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- 'Next election will determine Bangladesh’s future course'
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- Iran ready for US attack: Araghchi
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- US to impose 25% tariff on nations trading with Iran
Looted money scattered home and abroad
A significant portion of the allegedly misappropriated funds linked to Nafeez Sarafat has reportedly been transferred abroad, particularly to Canada and Dubai, according to anti-corruption investigators. Sources claim that he owns multiple homes in Canada and has investments worth at least...
The stock market Mafia
Few figures in Bangladeshs capital market have wielded as much influence as Chowdhury Nafeez Sarafat. Market insiders say there was hardly a decision he desired but could not sway from extending mutual fund tenures to securing listings and distributing placement shares to powerful allies....
Land, apartment fraud
Chowdhury Nafeez Sarafat, former chairman of Padma Bank, allegedly extended his corrupt practices far beyond banking, exploiting opportunities across government and private sectors to amass vast wealth. Investigations suggest that his activities involved land acquisitions, property deals, and...
The Padma Bank scandal
In 2012, former home minister Mohiuddin Khan Alamgir was issued the licence for Farmers Bank on political consideration. Within four years, due to corruption and mismanagement, the bank was on the verge of collapse. In November 2017, he resigned as chairman. At that point, Nafeez Sarafat became the...