The Islami Bank Bangladesh Limited or the IBBL has had a notorious history and several agencies from across the world have red flagged this bank. Now with India seeking a report from Bangladesh on whether Saradha money was parked in this bank, the probe becomes even more interesting. Indian agencies suspect that the Jamaat-e-Islami collected Saradha funds, parked it in this bank following which it was moved to Saudi Arabia and Mexico.
One more bank under scanner The scanner is also on another bank called the Social Islami Bank which is directly connected to banks in Saudi Arabia and the agencies suspect that the Saradha money could have moved through this channel. This bank, according to the Intelligence Bureau, is directly connected to the Jamaat-e-Islami which has been accused of parking Saradha money at the behest of Trinamool Congress MP, Ahmed Hassan Imran.
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Shardha scam caused a loss of Rs 300 Billion to common investors who thought the scheme will provide them financial return.But none of this would have happened if this scheme wasn't given support by TMC ministers, including Mamta Banerjee.Several political leaders received financial support from Saradha Group, including several Members of Parliament of Trinamool Congress, the incumbent ruling party of West Bengal.
• Member of Parliament Kunal Ghosh drew a salary of INR 1.6 million per month from Saradha Group.
• Member of Parliament Srinjoy Bose, son of Swapan Sadhan Bose, was directly involved with the media operations of Saradha Group.
• Transport Minister Madan Mitra headed the employees' union of Saradha Group, and publicly encouraged people to invest their savings with the company.
• Sudipto Sen spent nearly Rs 2 Crore to buy paintings by Mamata Banerjee, whose government later issued a notification that public libraries should buy and display newspapers of Saradha group.
• The loss making Lamdmark Cement company co-owned by textiles minister Shyamapada Mukherjee, was bought at a premium by Saradha Group.
• The group also had financial dealings with Ganesh Dey, the confidential assistant of the finance minister of the erstwhile Left Front government, who was later expelled.
The Islami Bank Bangladesh Limited or the IBBL has had a notorious history and several agencies from across the world have red flagged this bank. Now with India seeking a report from Bangladesh on whether Saradha money was parked in this bank, the probe becomes even more interesting. Indian agencies suspect that the Jamaat-e-Islami collected Saradha funds, parked it in this bank following which it was moved to Saudi Arabia and Mexico. 