• September 20, 2024 7:25 am

Biopharma’s DMD Lokiot Ullah’s corruption and money laundering going on

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Published July 4, 2023
Biopharma’s DMD Lokiot Ullah’s corruption and money laundering going on

Staff Correspondent: Allegations of irregularities and money laundering against drug company ‘Biopharma Limited’s deputy managing director Dr. Lokiot Ullah’s are now open secret. He sought political asylum for his wife in London, occupied another’s house. Dr. Lokiot is the DMD of pharmaceutical company Biopharma Ltd., member of the Board of Directors including. Recently The High Court ordered to submit a report within two months after investigating the allegations of irregularities-corruption and money laundering of Lokiot Ullah. This order has been issued to the Chairman of the Anti-Corruption Commission (ACC) and the Chairman of the National Board of Revenue (NBR). On June 19, 2023, Shipon’s mother Monowara Begum, a London expatriate, made a written complaint at a press conference in the Jatiya Press Club’s Jahur Hossain Chowdhury hall and said, “In 2020, during the corona pandemic, suddenly a student of my husband’s acquaintance, Dr. Lokiot Ullah contacted our family. After a few days he went to London with his wife and children for his business. After going there, he with his family stayed at my son Shipon’s house for 8 to10 days. Then he came back Bangladesh and maintained constant contact with our family. Dr. Lokiot went to London again in April 2022 after 2 years with his wife and children. This time too, he and his family went to my son’s house. My son, as his father’s student, supervised all aspects of the treatment of his wife. My took all responsibilities with all medical expenses and their food expenses. Although the treatment is over, Dr. Lokiot Ullah and his wife and children were not willing to get out of my son’s house. On the other hand he using my son’s resident address got admissions of his children to local schools. Even Lokiot Ullah without my son’s permission made an asylum claim or political asylum for his wife to the British government, showing my son as a guarantor. Lokiot Ullah claims himself as a Jamaat leader to the London government and mentioned that his wife and children’s lives are at risk in Bangladesh. When my son and his wife with three children came to Bangladesh, they were beaten and forced to leave the country. She complained to the administration that Lokiot Ullah is now harassing my family members with numerous cases anonymously. His gangsters are threatening to kill them on the way. Deputy Managing Director of Biopharma Ltd. Lokiot Ullah not only occupied home in London, but also opened a company there and running business too. A huge amount of money has been taken from the country through illegal channels to invest in these institutions in UK. According to various sources, the annual general meeting has not been held with the shareholders even in the last 15 years. No dividend has been paid for 22 years. He evaded hundreds of crores of revenue by showing 40 percent less of the total product sales at the time. The company’s internal investigation report also revealed these irregularities. The company immersed in such irregularities and corruption. This company, once was a leading position in the pharmaceutical industry, is now fighting for survival. Deputy Managing Director (DMD) Lokiot is the main mastermind of the destruction of the institution in a series of irregularities. After trying to contact Dr. Lokiot Ullah, he was unable to reach. His personal assistant Ali Akbar said, these allegations are not true, the court is investigating some matters, but the issue of money laundering abroad is false. So how did he get the money to buy a house in London? After tgat he cut the phone call without answering the questions.

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