#0038 | Nurul Majid Mahmud

Reported By: Bangladesh  Location: Bangladesh

1. Significant Increase in Wealth: Over the past 15 years, Nurul Majid Mahmud, the Minister of Industries, has seen his annual income increase by nearly 14 times. His movable assets have increased nearly 9 times, and his immovable assets have grown more than 19 times.

2. Sources of Income:

   – Business Income: He has reported an annual income of approximately 8.6 million BDT from his business of transporting goods by ship and shrimp farming.

   – Investment Income: He declared an income of 394,000 BDT from shares, savings certificates, and bank deposits or interest. His wife has also reported income exceeding 627,000 BDT in these categories, with additional income of 6.7 million BDT from other sources.

   – Parliamentary Salary: He has reported earning over 2.32 million BDT from his salary and allowances as a Member of Parliament.

3. Comparison with 2008:

   – In 2008, Nurul Majid Mahmud’s total annual income was 813,000 BDT. His declaration in 2023 shows a significant increase in both income and assets.

   – In 2008, his movable assets were valued at slightly over 3.6 million BDT. In 2023, he declared over 70 million BDT in cash, 653,000 BDT in bank deposits, and an investment of over 7.4 million BDT in savings certificates or fixed deposits.

   – He also declared assets like trucks, cars, and motorcycles worth 16.53 million BDT, 16 tola (approximately 187 grams) of gold, electronics worth 76,000 BDT, and furniture worth 90,000 BDT.

4. Immovable Assets:

   – His immovable assets now include two plots in Purbachal worth 7.8 million BDT, and a flat in Gulshan valued at 6.17 million BDT. His wife also owns a flat in Gulshan worth 3.08 million BDT.

   – He has invested 3.69 million BDT in a shrimp farm and his capital in the cargo shipping business stands at 79.59 million BDT.

5. Bank Loan: For his shipping business, he has taken a loan of 28.77 million BDT from Dutch-Bangla Bank’s Gulshan branch.

6. Legal Standing: No criminal cases have been filed against him.

We are seeking more information, if you have any details or insights, please help us by sharing them.

Reference:

https://www.prothomalo.com/bangladesh/district/pzebs1yd1n

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