The administrator has been tasked with clearing workers’ due payments

The government will sell the properties of Nassa Group Chairman Nazrul Islam Mazumder to pay the company’s workers, after the embattled businessman signed a draft power of attorney from jail.

The Anti-Corruption Commission has filed cases against three leading businessmen in the country on charges of embezzling large sums of money and amassing illegal wealth.

Nazrul Islam Mazumder, chairman of Nassa Group and a close associate of deposed prime minister Sheikh Hasina, holds assets worth £43.23 million or about Tk 656 crore in the UK, according to the Bangladesh Financial Intelligence Unit.

Nazrul Islam Mazumder, chairman of Nassa Group and a close associate of deposed prime minister Sheikh Hasina, has been accused of trade-based money laundering amounting to Tk 16,000 crore by the Bangladesh Financial Intelligence Unit.

In a bid to ensure tax compliance, the government has blocked the transfer of shares of seven corporate giants that thrived under the Awami League government.

The NBR instructed the RJSC to immediately block any sales or transfers of shares, whether through donations or otherwise