All properties of Ershad go to trust

Jatiya Party Chairman HM Ershad yesterday donated all his movable and immovable properties to a Trust.

The trustee board includes HM Ershad, his son Eric Ershad, his personal secretary Shamsuzzaman Mukul, his cousin Md Jahangir, and Maj (retd) Khaled Akhtar.

SM Faisal Chisti, a presidium member of Jatiya Party, said the trustee board was formed around 4:15pm yesterday. Faisal was present during registration of the trustee board, told The Daily Star.

The former military dictator has left out his wife Raushan Ershad and brothers from the trustee board.

The 90-year-old JP chairman has been suffering from various ailments for the last several months.

Due to his health condition, Ershad could not take part in campaign for the 11th parliamentary election, even for a single day.

In the maiden session of the new parliament, Ershad joined only one sitting out of total 26.

Ershad in his 2018 wealth statement, submitted to the Election Commission before the latest national election, mentioned that his yearly income was Tk 1.08 crore.

According to the wealth statement, his main sources of income are shares of various companies, unspecified businesses, salaries from various companies, and honorariums.

Ershad's latest acquisitions are two flats in Gulshan and Banani, worth Tk 6.2 crore and Tk 4.9 crore respectively.

He took out Tk 56 lakh in loans from Union Bank Ltd of which he is a director and draws a yearly salary of Tk 74 lakh.