Slowly, slowly, the wheel turns

j@shadakalo

j@shadakalo

A magistrate's court sent Arafat Rahman Coco, younger son of former Prime Minister Khaleda Zia. to jail before the ending of seven-day remand. Coco was charged with violating tender conditions in appointing Private Company for container handling at the Dhaka Inland Container Depot (ICD) and the Chittagong Port ICD yard. Dhaka, Bangladesh. September 06 2007.
A magistrate's court sent Arafat Rahman Coco, younger son of former Prime Minister Khaleda Zia to jail before the ending of seven-day remand.

Photo: Munir uz Zaman,Drik*NEWS.

All the early editions are carrying the news in some shape or form that that the US justice department is requesting a court order to return the money paid out as bribes either in US dollars or went via US banking institutions. This includes at least portion of the Tk. 11 crore we reported on before.

Here is what the Department of justice is saying:

The forfeiture action was filed Jan. 8, 2009, in U.S. District Court in the
District of Columbia against funds located in Singapore held by multiple account
holders. The forfeiture complaint relates primarily to alleged bribes paid to
Arafat “Koko” Rahman, the son of the former prime minister of Bangladesh, in
connection with public works projects awarded by the government of Bangladesh to
Siemens AG and China Harbor Engineering Company. According to the
forfeiture complaint, the majority of funds in Koko’s account are traceable to
bribes allegedly received in connection with the China Harbor project, which was
a project to build a new mooring containment terminal at the port in Chittagong,
Bangladesh.

“This action shows the lengths to which U.S. law enforcement will
go to recover the proceeds of foreign corruption, including acts of bribery and
money laundering,” said Acting Assistant Attorney General Matthew Friedrich.
“Not only will the Department, for example, prosecute companies and executives
who violate the Foreign Corrupt Practices Act, we will also use our forfeiture
laws to recapture the illicit facilitating payments often used in such
schemes.”

Siemens Aktiengesellschaft (Siemens AG), a German corporation, and
three of its subsidiaries pleaded guilty on Dec. 15, 2008, to violations of and
charges related to the Foreign Corrupt Practices Act (FCPA). Specifically,
Siemens Bangladesh admitted that from May 2001 to August 2006, it caused corrupt payments of at least $5,319,839 to be made through purported business
consultants to various Bangladeshi officials in exchange for favorable treatment
during the bidding process on a mobile telephone project. At least one
payment to each of these purported consultants was paid from a U.S. bank
account.

According to the forfeiture complaint, the bribe payments from
Siemens AG and China Harbor Engineering Company were made in U.S. dollars, and
the illicit funds flowed through financial institutions in the United States
before they were deposited in accounts in Singapore, thereby subjecting them to
U.S. jurisdiction. Money laundering laws in the United States cover financial
transactions that flow through the United States involving proceeds of foreign
offenses, including foreign bribery and extortion.

Thailand (where he is now) has extradition treaties with the USA, so that may not be safe for Mr. Arafat Rahman for too long.The traditional country to abscond when US law enforcement comes after someone is Brazil, as there is no extradition treaty between Brazil and USA.

Ticket to Rio for one, please. Yes, one-way.

J @ Shada Kalo [http://shadakalo.blogspot.com] writes using a pseudonym and is best known for exposing government, military, corporate foul plays through whistle-blowing investigative reports.


203 Responses to “Slowly, slowly, the wheel turns”

  1. Anti Corruption

    Defeated BNP standing commtiee member and ex-minister, Dr. Khandaker Mosharraf charged by US govt for taking bribe from foreign companies. And Khaleda Zia wants him to come back to parliament in a bi-election from her seat! No wonder why BNP is in this situation today! Khaleda needs to get rid of these highly corrupt people from her party, if she wants to come back to power.

    http://www.shamokal.com/details.php?nid=100682

  2. Khaleq Zaman

    Siemens (AG) has given bribe to Begum Zia’s son,Koko, and other ministers and influential person, During Begum Zia’ rule. I know that Grameen had good business understanding and financial transactions with Siemens. My request is , Can DOODOOK please try to find out is there any fishy transaction between Dr. Yunus’ establishment, Koko and Siemens ?
    I do not believe in Grameen’s work., Because Grameen America Inc has contributed to Clinton Foundation an amount US $10,000.00-$25,000.00 AND Prof Yunus is member of the Board of Directors of Grameen America Inc..
    Readers can just go to website and learn more about Grameen America Inc..

  3. Engr Khondkar Abdus Saleque( Sufi)

    Khondkar Musharraf Hussain is one of main culprit who institutionalised corruption in Energy Sector of Bangladesh.He was a teacher of Dhaka University.So he ha control over Jayatabadi Chatra Dal.During BNP Government of 1996-2001 he was Energy Minster.uring this time he was instrumental in enaging a little known IOC Occidental at the highly prospective Blocks 12,13 & 14 in Greater sylhet Region on the basis of its unsolicited offer. Violating PSC provisons Petrobangla owne Jalabad Gas field was also given to Occidental. He enaged poor caliber Geologists -mostly his friends almost everywhere.. His management destroyed the backbone of Bapex to create opportunity for IOCs. During this time over production of Bakrbad Gas Field destroyed the gas structure . Mushraff was also involved in Saipem Syndromes.He was sued for Saipem corruption .But conspicuously he was later let off the hook. He is belived to be the main beneficiary of Barapukuria and Madhyapara mining scandals.
    During 2001-2006 he was Health Minister an was responsible for all corruption and scandals of heath sector.Dr Zahid , Dr Reefats were his agents in Gas sector.
    Such a criminal must get proper punishment.

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