A court in Dhaka sentenced businessman Gias Uddin Al Mamun to seven-year imprisonment and fined Tk 120 million in a money laundering case while already serving prison in another graft charge.
Judge Abu Syed Dilzar Hossain of Dhaka Special Judge Court-3 pronounced the verdict on Wednesday (Apr 24) in presence of the convict.
The court also ordered seizure of nearly 420,000 pounds of Mamun, who was the business partner of BNP acting chief Tarique Rahman, with the Netwest Bank in the UK.
According to the case documents, Mamun had demanded money from BTL and Glob Pharmaceuticals chairman M Shahzad Ali as the latter won the government tender for modernising the Bangladesh Railway’s signal systems. Mamun had threatened to cancel the work order.
Mamun took Tk 60.16 million from Ali between 2003 and 2006, which was siphoned off to the UK.
In September 2011, the Anti-Corruption Commission (ACC) filed the case and investigators pressed charges in court against Mamun in April next year.
Mamun has been behind the bars since his arrest in 2007.
The controversial businessman is already serving a seven-year term in another money laundering case.