Rejoinder- The Daily Sun (25 Nov 2024)

Summit Group has interests in power, ports, fiber optics and real estate, all in Bangladesh

In the news article titled “Who will bring back Tk17 trillion laundered abroad?” published on The Daily Sun on 24th November 2024, Sunday it wrongly assumes Muhammed Aziz Khan, Chairman of Summit has transferred funds to Singapore for this ranking in Forbes, but this is not at all the case and is a misrepresentation of the facts.

Please note that Forbes has specifically stated that “Summit Group has interests in power, ports, fiber optics and real estate, all in Bangladesh” and “Japan’s JERA has a 22% stake in Summit Power International, which owns a portfolio of infrastructure assets in Bangladesh.”

(https://www.forbes.com/profile/muhammed-aziz-khan/?list=singapore-billionaires).

As is clearly stated by Forbes, this net worth of Muhammed Aziz Khan is attributable to the valuation of the operating assets of Summit Corporation Limited, all of which are located in Bangladesh, in the form of power plants and other infrastructure. 

We hope this clarifies the position regarding Muhammad Aziz Khan’s source of wealth and net worth as reported by Forbes.

Original News: https://www.daily-sun.com/post/778810