A Canadian resident and Citizen of Bangladesh is being sought by local and International police for his involvement in a global money laundering operations lead by organized crime with links to terrorist group. According to our source, Atiqul Alam Chowdhury, is second in command to his uncle Mohammed Saiful Alam and head of the North American group thought to be laundering money and financing terrorist organizations such as Hamas, ISIS and linked to Bangladesh organized crime families.
Atiqul Alam Chowdhury is also being sought by police for a series of assaults and extortion cases in Canada and in his home country of Bangladesh.
Canadian criminal laws can impose a 10 year prison sentence for Money Laundering and 5 years in prison for extortion and according to the Bangladesh Money Laundering Act of 2012, the government can impose a 12 years prison sentence.
It is said that Mr. Alam Chowdhury money laundering operations utilizes the Canadian real-estate market and foreign exchange counters to funnel millions of dollars of illicit funds from Bangladesh, Singapore, Cyprus, and the British Virgin Islands. The majority of the funds laundered are sourced from the S. Alam Group, a company owned by Mr. Saiful Alam. According to the Daily Star, US$1 billion is alleged to have been embezzled from the Bangladesh Bank through a series of fraudulent investments and illegal transfers abroad including the purchase of two hotels, mansions and commercial real-estate all under the nose of the Central Bank of Bangladesh.
Atiqul Alam Chowdhury and the group’s money laundering operation are linked to the following companies; Silmoon Electrodes Limited, Universal Denims Limited, Universal Garments and Washing Limited, S. Alam Group, Intech Limited, Canali Logistics Pte Ltd, Peacock Property Ltd, Aclare Investment Ltd, Hotel Grand Chancellor Ptd Ltd. Grand Imperial Hotel Pte Ltd, Centrium Square, Wilkinson International Pte Ltd., Hotel Ibis Singapore Novena, Canopus II Pte Ltd, Hazel International Pte Ltd., Islamik Bank, Union Bank, Reliance Finance, Aviva Finance, Runa Corporation.
Known associates of Atiqul Alam Chowdhury namely Shahodul Huk was convited and sentenced to 5 years imprisonment but remains at large having fled the country and Proshanta Kumar Halder who is facing money laundering charges in Bangladesh and is awaiting trial.
