DBS Says It Raised Flags Over Embattled Bangladesh Lawmaker
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DBS Group Holdings Ltd. said it raised flags about a former lawmaker in Bangladesh who has amassed a $265 million real estate empire and reportedly borrowed money from the Singapore bank.
DBS made 19 loans to former Land Minister Saifuzzaman Chowdhury, who has come under fire for his array of properties from London to New York, according to a report by Al Jazeera. Chowdhury was a close ally of deposed Prime Minister Sheikh Hasina.