Bank Accounts Frozen Over Corruption Allegations: A Close Connection to Tulip Siddiq
A family friend of British politician Tulip Siddiq, whose ties to the royal family run deep, is facing serious financial scrutiny in Bangladesh.
Ahmed Shayan Rahman, a prominent businessman and chairman of a charity founded by King Charles, had his bank accounts frozen by the Bangladesh Financial Intelligence Unit (BFIU).
This move comes amid corruption allegations, raising questions about his financial dealings and political connections.
A Long-Standing Relationship with the Siddiq Family
Shayan Rahman’s connection to the Siddiq family spans many years.
The Rahman family has long been close to Tulip Siddiq, with the mother of the British Labour MP living rent-free in Rahman’s £1.3 million home in London.
Rahman, the CEO of the Beximco Group, one of Bangladesh’s largest conglomerates, has been a supporter of Siddiq’s political career.
His role as chairman of the Bangladesh advisory council for the British Asian Trust, a charity launched by Prince Charles in 2007, further ties him to the royal family’s efforts to fight poverty.
Royal Recognition and Praise
Rahman’s efforts have even been acknowledged by King Charles.
During a dinner at Buckingham Palace, the King expressed his appreciation for Rahman’s involvement in the British Asian Trust’s new program in Bangladesh. Charles stated,
“We are only as good as the people who work with us.
So I am delighted that our new programme in Bangladesh will be overseen and supported by Shayan Rahman.
” This praise, however, has now taken a sharp turn amid the freezing of his bank accounts.
Corruption Allegations and Account Freezing
The BFIU froze the bank accounts of Rahman and his wife, citing allegations of corruption.
The accounts of Rahman’s father, Salman Rahman, the founder of Beximco and a former government minister under Sheikh Hasina’s administration, were also frozen.
The timing of these actions is significant, as Sheikh Hasina’s government, which had ruled Bangladesh for 15 years, was recently toppled in August.
This move has sparked concerns about the political motivations behind the freeze, given the Rahmans’ long-standing ties to the previous government.
Unfounded Charges or Political Attack?
Despite the freezing of his accounts, Rahman maintains his innocence.
A spokesman for Rahman issued a statement clarifying that neither he nor his wife have been charged with any criminal offense.
“Only their Bangladeshi bank accounts have been frozen, along with over 300 individuals with connections to the former prime minister,” the spokesman said.
Rahman’s representatives argue that the move is politically motivated, targeting those aligned with the previous government.
What’s Next for Rahman?
For now, Rahman continues in his position with the British Asian Trust, which has acknowledged the allegations but has refrained from taking further action.
The trust said it would continue to monitor developments in Bangladesh closely.
As the investigation unfolds, the financial and political future of Shayan Rahman remains uncertain, but the scrutiny surrounding him shows no signs of abating.
This article was published on TDPel Media. Thanks for reading!
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