The Guardian reports that the UK’s National Crime Agency (NCA) has frozen almost $121,896 million of luxury London property belonging to Salman F Rahman’s son, Ahmed Shayan Rahman, and his cousin, Ahmed Shahryar Rahman.
The Rahmans were previously named in a Guardian investigation into UK assets owned by associates of Hasina.
The properties, held through offshore entities based in the British Virgin Islands, Isle of Man and Jersey, were purchased for sums ranging between $3 million and $60 million, reports the British daily, citing Companies House records.
The two are the son and nephew of Salman F Rahman, Hasina’s adviser for private industry and investment in the former regime.
The National Crime Agency (NCA) of the UK has been instructed to seize two properties owned by Ahmed Shayan Rahman and his cousin, Ahmed Shahriar Rahman, who is ousted in the face of a mass uprising.
One of the two property is a luxury apartment on the London elite 4 Grovner Square. It was purchased in $15 million in 20 years. The other property is a house in the Grasham Gardens in North London, which was purchased at $15 million in 20 years.
According to the UK Election Commission (Electoral Roll) record, Sheikh Hasina’s sister and former UK City Minister Tulip Siddique’s mother Sheikh Rehana lived in Grasham Gardens’ house. However, it is unclear whether he is currently there.
The National Crime Agency (NCA) said in a statement, “We are confirming that the NCA freezing order (property seizure order) has been protected as part of an ongoing civil investigation against the Grasventor Square and Grashm Gardens’ property. At the moment we can’t comment more.
Bangladesh Anti-Corruption Commission (ACC) Chairman Mohammad Abdul Momen told the Financial Times that Salman F Rahman and Ahmed Shayan Fazlur Rahman are on the suspect list in Bangladesh’s ongoing money investigation. The documents suggest that these properties were purchased through the Isle of Man’s offshore company.
The Financial Times could not immediately take any comments by Sheikh Rehana and Salman Rahman.
Luxury properties valued at nearly $121,896 million (approximately BDT 1,479 crore 38 lakh 13 thousand) belonging to two individuals close to Bangladesh’s ousted former Prime Minister Sheikh Hasina have been seized in the United Kingdom. The UK’s National Crime Agency (NCA) seized the properties, as reported by the British newspaper The Guardian.
According to the report, this action comes amid increasing pressure on the UK to identify assets linked to individuals from Bangladesh’s ousted government. The NCA has obtained a total of nine asset freezing orders.
These orders prohibit Ahmed Shayan Rahman and his cousin, Ahmed Shahriar Rahman, from selling their properties, which include apartments in London’s Grosvenor Square.
Each of these properties was purchased through companies registered in the British Virgin Islands, Isle of Man, or Jersey, as indicated in the companies’ property records. Individual properties were acquired at prices ranging from approximately $3 million (about BDT 19 crore 73 lakh) to $60 million (about BDT 583 crore 53 lakh).
The report states that Shayan and Shahriar were named in The Guardian’s investigation into assets held in the UK by individuals close to Bangladesh’s former authoritarian ruler, Sheikh Hasina. Shayan is the son of Salman F Rahman, Vice Chairman of pharmaceutical company Beximco Pharma and Sheikh Hasina’s advisor on industry and investment, while Shahriar is his nephew.
Salman F Rahman was arrested while attempting to flee after the fall of Sheikh Hasina’s government last year amidst a student-people’s uprising. He is currently in prison and is widely considered to have been one of the most influential figures during Sheikh Hasina’s rule.
Last year, a joint investigation by The Guardian and Transparency International revealed information about properties belonging to Salman F Rahman’s son and nephew, among £400 million worth of assets owned by Sheikh Hasina’s allies. The properties seized by the NCA also include a house in Gresham Gardens, North London. The Financial Times first reported on this matter earlier this week.
According to that report, Sheikh Rehana, Sheikh Hasina’s sister and mother of former UK City Minister Tulip Siddiq, used to reside in this house. The two seized properties are valued at $15 million. Duncan Hames, Policy Director at Transparency International UK, told The Guardian, “We urge UK law enforcement to continue their investigations and to seize all suspicious assets without delay.”
An NCA spokesperson stated, “We can confirm that the NCA has issued freezing orders against several properties as part of an ongoing civil investigation.”
Bangladesh’s interim government has issued an arrest warrant against Tulip Siddiq as part of investigations targeting individuals close to the ousted government. Tulip resigned following the allegations but has denied any wrongdoing.
The Guardian reported that they contacted the lawyers for Shayan and Shahriar, and Salman F Rahman’s company Beximco, for comment regarding these assets, but received no response. However, a spokesperson for Shayan previously told the Financial Times, “Our client strongly denies any alleged wrongdoing. He will certainly cooperate with any investigations in the UK.”
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