In the upcoming 13th National Parliamentary elections, Mahbub Alam, the National Citizens Party (NCP) nominee for the Lakshmipur-1 (Ramganj) constituency, has declared movable assets exceeding BDT 11 million. According to the affidavit submitted to the Returning Officer, Alam is a professional businessman, and the source of his assets has been transparently disclosed.
The affidavit reveals that Mahbub Alam holds an MBA degree and is currently active in proprietorship business ventures. His wealth has grown significantly through his own business activities, investments in shares, and other financial holdings. Detailed disclosure of his assets is as follows:
| Type of Asset | Amount (BDT) |
|---|---|
| Proprietorship Business | 7,600,000 |
| Shares in Two Companies | 1,990,000 |
| Gold Jewellery | 800,000 |
| Electronic Equipment | 50,000 |
| Cash | 30,000 |
| Bank Accounts (Four Banks) | 54,612 |
| Total Movable Assets | 10,524,612 |
| Approximate Market Value | 11,000,000 |
The affidavit further notes that Alam does not own any agricultural or non-agricultural land, vehicles, plots, or flats. During the previous fiscal year, he paid BDT 150,000 in income tax, and his annual income is estimated at BDT 1.5 million.
Mahbub Alam hails from a politically active family in Narayanpur, Ichapur Union, Ramganj Upazila. He is the son of Azizur Rahman, the current General Secretary of the Ichapur Union BNP, and the brother of Mahfuz Alam, a former Information Adviser to the Caretaker Government. While born into a political household, Mahbub Alam spent a significant period working in Australia, where he accumulated much of his present wealth.
Speaking to the media, Alam stated, “All my assets are fully legal, and this is my first income tax return filed for electoral purposes. This disclosure has been made to uphold transparency and accountability in the election process.”
Political analysts suggest that Alam’s combination of professional acumen, disciplined wealth accumulation, and clear familial political background demonstrates both credibility and integrity. Experts emphasise that such transparency in asset declaration can play a crucial role in bolstering voter confidence and enhancing trust in the democratic process.