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Former Land Minister Saifuzzaman Chowdhury, who fled Bangladesh after last year’s political upheaval, is now facing financial troubles in the UK. Three of his real estate companies—Sadakat Properties Limited, Jariya Properties Limited, and Zeba Properties Limited—are in severe financial distress due to loan repayment failures. These companies have been placed under administrative control by Grant Thornton as efforts are underway to save them or minimize losses. The companies owe £13 million to the British Arab Commercial Bank, holding assets worth £37 million.

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RTV 07 Jun 25

Former Land Minister in Trouble in the UK, Three Companies in Financial Crisis

After fleeing the country following the coup that took place in July-August last year leading to the fall of the Awami League government, former Land Minister Saifuzzaman Chowdhury has now found himself in trouble in the United Kingdom as well. Three companies owned by Saifuzzaman Chowdhury, based in the UK, are suffering from a severe financial crisis. Due to failure to repay loans, these companies have already been placed under ‘administrative control.’


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