ACC asks Moosa Bin Shamsher to submit wealth statement

The Anti Corruption Commission (ACC) on Tuesday asked DATCO Group chairman Moosa Bin Shamsher to submit his wealth statement in seven days.

ACC public relation officer Pronab Kumar Bhattacharya confirmed this to reporters, saying a notice was sent to the Gulshan Office of DATCO Group on Tuesday.

Moosa Bin Shamsher featured in cover stories of The Sunday Telegraph Magazine (London) and many other business magazines, including Business Asia, revealing that he has accumulated wealth worth about US$ 7 billion.

Taking into account the reports published in international media about his lifestyle, income and income sources, the national anti-graft body on November 3 last year decided to launch a probe against Moosa.

Moosa Bin Shamsher, the chairman and CEO of DATCO Group and a pioneer of manpower export from Bangladesh, drew flak for purportedly being a prominent name in the international weapons industry during the 1970s and 1980s.

In 2007, a renowned Malta-based CA firm’s audit report, revealed by FIU, states that he made US$10 billion, mostly from the international arms trading by selling tanks, fighter planes and ICBMs as well as from power brokerage that he had carried outside Bangladesh.

It is also alleged that Moosa Bin Shamsher has had Swiss bank accounts worth US$ 7 million frozen because of 'irregular' transactions.