Bangladesh's student-led revolution led to the exile of Sheikh Hasina, following which an interim government faces internal conflicts and economic difficulties. Meanwhile, luxury UK real estate is central to ongoing investigations into corrupt practices by former officials. The National Crime Agency has frozen substantial assets linked to politically connected individuals, revealing transactions indicating ongoing business activities in London by those under scrutiny. Prominent figures are pressing for more stringent regulations on such dealings to ensure accountability and enforce due diligence by UK legal entities.
Investigators in Dhaka have been sifting through allegations that powerful and politically connected figures under the previous regime exploited senior positions to loot state contracts and the banking system.
In May, the National Crime Agency (NCA) froze 90m of property belonging to members of the Rahman family, whose UK portfolio was revealed in a Guardian investigation last year.
The NCA froze more than 170m of assets belonging to Saifuzzaman Chowdhury, a former land minister in the Hasina government who amassed a vast fortune during her tenure.
Several Bangladeshis who are under scrutiny in Dhaka appear to have either sold, transferred or refinanced UK property since the revolution began.
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