# Legal Notice Served Over Alleged $25 Million Money Laundering Involving EBL Chairman

*A legal notice has been served on several government officials alleging that Md Shawkat Ali Chowdhury, chairman of Eastern Bank PLC, laundered USD 25 million.*

July 11, 2026 · business

## At a glance

- A legal notice alleges that Md Shawkat Ali Chowdhury, chairman of Eastern Bank PLC, laundered USD 25 million.
- The notice was served on eight government officials, including the Governor of the Bangladesh Bank and the Chairman of the NBR.
- The lawyer demanded an explanation and action within seven days, threatening further legal action if unmet.

A legal notice has been served on the authorities concerned alleging that Md Shawkat Ali Chowdhury, chairman of Eastern Bank PLC, laundered USD 25 million kept in the United Kingdom to Dubai. The notice was served today on eight government officials, including the Governor of the Bangladesh Bank, the Chairman of the National Board of Revenue (NBR), and the head of the Bangladesh Financial Intelligence Unit (BFIU).

## Details of the Legal Notice

The legal notice, sent by Supreme Court lawyer AHM Rezwanul Sayed through registered post, described Md Shawkat Ali Chowdhury as a citizen of Saint Kitts and Nevis and an associate of the much-discussed banking sector figures S Alam and Nazrul Islam Mazumder. The notice sought an explanation from the authorities as to why appropriate legal action had not been taken in this connection. It also demanded that action be taken against those responsible and that the facts be made public within the next seven days. Failing that, appropriate legal action would be initiated, the notice said.

## Background on the Accused

Md Shawkat Ali Chowdhury, the chairman of Eastern Bank PLC, has been in the spotlight due to his associations with other prominent figures in the banking sector. The notice highlights his citizenship in Saint Kitts and Nevis, which may raise questions about his financial dealings and compliance with international and local laws.

## Implications for Bangladesh's Financial Sector

This allegation, if proven true, could have significant implications for Bangladesh's financial sector. It raises concerns about the integrity of the banking system and the effectiveness of regulatory bodies in monitoring and preventing financial crimes. The public demand for transparency and accountability in such matters is crucial for maintaining trust in the financial institutions.

## Next Steps

The authorities now have seven days to respond to the legal notice. If they fail to provide a satisfactory explanation or take appropriate action, the lawyer has indicated that further legal proceedings will be initiated. This development underscores the importance of rigorous oversight and swift action in addressing allegations of financial misconduct.

## Sources

- BSS

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Source: https://pulsetoday.com.bd/en/business/legal-notice-served-over-alleged-25-million-laundering-involving-ebl-chairman