President Md. Sahabuddin. Photo-collected.
Morningsun Online Desk //

President of the People’s Republic of Bangladesh Bangladesh Government. Sahabuddin has second homes and investments in Malaysia. Controversy has arisen over his business and residency in Dubai. Allegedly, before becoming President, he invested 150,000 ringgit in a second home project in Malaysia. Obtained a residence visa by investing in a business firm named ‘Warad General Trading LLC’ in Dubai. Besides, he is also rumored to have invested in a third country passport.

The legality of this investment has been questioned. Controversy has arisen over whether he took any government permission for these investments, especially during his tenure as president. The relevant department of Bangladesh Bank said that President Sahabuddin was not given any permission to take a large amount of money abroad.

According to experts, maintaining loyalty and integrity is essential to perform the duties of a president. If he takes a passport from a third country, the legitimacy of holding the presidency may be questioned.

Meanwhile, these investments are said to have been completed before the presidency. There is still no clear statement on whether second home in Malaysia and investment in Dubai is legal or not. According to Bangladesh Bank Act, permission of Bangladesh Bank is mandatory to invest outside the country.