The billionaire’s lawyers called money-laundering allegations a targeted smear campaign against him and his family.
Singaporean billionaire Saiful Alam Masud is being investigated by multiple Bangladeshi authorities for alleged financial crimes, including money laundering, to the tune of US$9.5 billion. Masud's lawyers claim these allegations, which were first published by local private media outlets, are part of a smear campaign and that he conducted his business lawfully. The investigation also extends to Masud's wife and sons.
