Ershad donates his wealth to trust

Suffering from serious physical ailments, Jatiya Party Chairman HM Ershad today donated his all movable and immovable properties to a trust.

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

The five members of the trustee board are: HM Ershad, his son Eric Ershad, Personal Secretary Maj (retd) Khaled Akhtar, cousin Mukul, and his personal staff Mohammad Jahangir.

The 90-year-old former military ruler has left out his wife Raushan Ersahd, now deputy leader of opposition at parliament, and brother GM Quader, co-chairman of Jatiya Party, from the trustee board.

Due to his health condition, Ershad also didn't take part in his election campaign for the December 30 polls, 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 December 30 national election mentioned that his yearly income was Tk 1.08 crore.

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

Apart from these, Ershad's latest acquisitions are two flats in Gulshan and Banani, worth of Tk 6.2 crore and Tk 4.9 crore.

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