Do Proper Lawful Investigation on money smugglers from Bangladesh to Canada

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Bangladeshi expats staged a demonstration in Canada’s Toronto, demanding punishment for those involved in laundering money from Bangladesh to the North American country like Canada

Defying severe cold and holding placards and posters, the expats formed the human chain on last January 19th, 2020 Sunday evening [local time] at Danforth, reports different local community newspaper and Bangladeshi news channel and newspaper.

Protesting money laundering from Bangladesh Bank and other financial institutions, they urged the Canadian government to take legal action against the money launderers who are currently living in this country, the report said.

The protesters staged the demonstration following several reports published in Bangladeshi newspapers.

They also called upon everyone to boycott and wage a social movement against the money launderers.

As New Year begins, an incredible amount of loans from various banks of Bangladesh with forgery have been revealed. Bangladeshi national newspapers have focused this problematic issue with continuum of culprits accused by the country’s Anti Corruption Commission (ACC), which drawn attention of expatriates living in Canada. They outrageously expressed concerns in the social media about “social vices” for upholding their community image. Also, they accused unidentified corrupt ‘immigration consultants’, ‘money remitters’, ‘mortgage agents’, ‘realtors’ and ‘accountants’ for providing means in making Canada a fertile land of money laundering for ‘investors’ under the immigration system. For such, Canada’s fight against dirty money is still in its infancy, where Bangladesh remains vulnerable.
Earlier, Canada’s invasive money laundering problem through media has entered the mainstream consciousness and drawn clear connections between dirty money from overseas and the housing crises in Toronto and Vancouver with boosting velocity in the economy.

Thus, the IMF, World Bank, governments and businesses at all levels need a multi-stakeholder framework to prevent and detect indications of money laundering and related forms of misconduct, particularly from underdeveloped to developed nations. Then people can hope for true prosperity, and that surely depends on governments in an age of globalization.

Examples of Money Launderers recently found in Canada (As per newspaper sources):

In investigating 61 filed forged and fake loans worth Tk 35 billion, equivalent to CDN$ 540 million from various branches of Basic Bank in Bangladesh, the Anti Corruption Commission (ACC) put travel ban against specifying Bangladesh Passport: BR 0502109 and Canadian Passport: AB 945727 of G B Hossain (Gazi Belayet Hossain), alias Mithu on April 18, 2019 in its letter number: 15625. It also states that, he borrowed Tk 3 billion, equivalent to CDN$ 46 million by forgery from the same Basic Bank. However, Gazi Hossain fled Bangladesh and end up in Canada. He along with his wife, Nahid Aktar blissfully live in a lakeside luxurious palace at Scarborough Bluffs worth about CDN$ 16 million, equivalent to Tk 104 crore at 91 Hill Crescent, Scarborough, ON M1M 1J3, Canada. He has a federally incorporated business corporation (Number: 799234-3) as Cobden Travel Centre, Inc., at this location, which was registered on October 5, 2011. Besides, he owns an “Ultramar” brand gas station (petrol pump) in a suburban city, but alone in Toronto, this couple owns two businesses, Kolapata Buffet Cuisine and Vasavi’s Nahid’s Collection located at 3454 and 3456 Danforth Avenue, Toronto, ON M1L 1E3, both of which are now closed as news broke about them.

The Bangladesh Bank’s Financial Intelligence Unit (BFU) made a special report on corruptions of Proshanta Kumar “P K” Halder on a request from Anti Corruption Commission (ACC), which revealed massive forgery of Tk 35 billion, equivalent to CDN$ 540 million from various financial institutions. He became a fugitive, and various newspapers made in depth report about it. This reporter’s investigation reveals that, he has a credible trace in Canada. He has been involved as director with two others, Pritish Kumar Halder and Susmita Saha with an entity, P & L Hal Holding Incorporated, a Canada Corporation (File Number: 8942919) since July 3, 2014 as located at 16 Deanecrest Road, Toronto, ON M9B 5W4, Canada. The other director Pritish by using this Canada address involved himself with Preyasee Saha in a computer related business under Haltrip Technology Private Limited (CIN: U72501WB2018PTC228192 and RN: 228192) since September 28, 2018 as located at 4FR, FL-4E, 18 Mahajati Road, LP-100/26, Kolkata, West Bengal 700079, India; although Preyasee belongs to a different address at K N Roy Lane, Krishnagar-1, Nadia, West Bengal 741101, India.