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Bangladesh Police Detain Economist Abul Barkat on Corruption Charges

He was taken into custody on charges of embezzling Tk 297.34 crore during his tenure at Janata Bank with critics warning the case is politically motivated ahead of national elections.

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Overview

  • The Detective Branch raided Barkat’s Dhanmondi home late on July 9, arrested him without presenting a warrant, and plans to hand him over to the Anti-Corruption Commission for formal questioning.
  • The ACC case, filed in February, alleges Barkat approved fraudulent loans to 22 AnonTex Group companies through forgery while chairing state-owned Janata Bank from 2009 to 2014.
  • Barkat is a veteran University of Dhaka economics professor and former president of the Bangladesh Economic Association who has advocated for minority rights and warned of a Hindu exodus.
  • Civil society and minority organizations have condemned the arrest as an effort to silence a prominent critic and undermine judicial independence under the interim government.
  • Barkat’s family and legal team have criticized the lack of prior investigation and demanded adherence to due-process safeguards as he faces continued ACC inquiry.