Mohammed Aziz Khan (businessman)

Khan is the son of an army officer. His first steps as a businessman were taken with a friend, whose father's death thrust him into the family import business. The 18-year-old Khan borrowed Tk 30,000 from his father to partner in the venture in 1973.{{cite news |title=The infrastructure trailblazer |url=http://www.thedailystar.net/business/the-infrastructure-trailblazer-150862 |newspaper=The Daily Star |access-date=26 June 2016}}

He received an MBA in 1980 from the Institute of Business Administration, University of Dhaka (IBA).{{cite web |title=Introducing the Directors |url=http://www.summitpower.org/Boardofdirectors.html |website=Summit Power |access-date=9 April 2016 |archive-url=https://web.archive.org/web/20160424110837/http://www.summitpower.org/Boardofdirectors.html |archive-date=24 April 2016 |url-status=dead}} He studied in Armanitola Government High School and Notredame College, Dhaka.

File:Aziz Khan with businessmen.jpg

He started with trading chemicals in Chawk Bazar and Urdu Road in Old Dhaka.{{cite news |title=Climbing Higher |url=http://ibtbd.net/climbing-higher/ |magazine=ICE Business Times |access-date=28 December 2016}} Later he expanded his business with support from renowned businessmen such as Anwar Hossain of Anwar Group{{cite web |url=http://www.anwargroup.com/message-from-chairman-3 |title=Anowar Hossain |website=anwargroup.com}} and Din Mohammad of Phoenix Group.{{cite web |url=https://www.phoenixinsurance.com.bd/about-us/board-of-director |title=Deen Mohammad |website=phoenixinsurance.com}} Khan received his early loans from state-owned Pubali Bank and Rupali Bank. He discovered the importance of establishing goodwill that allowed easy financial mobilization.

Later he started trading plastic. In 1988, Khan purchased his first home in Singapore after becoming a permanent resident.

Under his leadership, Summit Group set up the country's first independent power plant in 1998, Khulna Power Company Limited.{{cite web |url=http://forum-americas.org/profile/muhammed-aziz-khan |title=Muhammed Aziz Khan |website=International Economic Forum of the Americas |access-date=18 April 2016 |archive-url=https://web.archive.org/web/20160420183000/http://forum-americas.org/profile/muhammed-aziz-khan |archive-date=20 April 2016 |url-status=dead}}

Summit set up the country's first private off-dock facility, Ocean Containers Limited, now known as Summit Alliance Port Limited which is currently handling about 30% of the country's export and about 10% of the country's import volume.{{citation needed|date=April 2016}}

Summit Communications Ltd is the first company to lay nationwide telecommunication transmission network laying fibre optic to 70% of Bangladesh, and connecting Bangladesh to India and Myanmar through terrestrial fibre optics.

IPCO Ltd, a hospitality and real estate company, is building one five star and one three star hotels, a convention hall and 1000 shops beside the International Airport of Dhaka.{{cite web |url=http://ipco.com.bd/ |title=IPCO |website=IPCO Hotels and IPCO Development Bangladesh Limited |access-date=10 October 2018}}

In 2011, Khan led Summit Group in establishing a joint venture with GE to build plants generating 327 megawatts of electricity for Bangladesh. This joint venture secured funding of $327 million, including $112 million from the World Bank.{{cite news |title=Summit Power gets finance for GE joint venture |url=https://www.reuters.com/article/summitpower-idUSLDE70T05M20110130?feedType=RSS&feedName=industrialsSector |work=Reuters|date=30 January 2011 |access-date=26 June 2016}}

In 2012, Khan led Summit Group in establishing a joint venture with China Energy Group, the largest government-owned Chinese company, to build various power projects, including a 341 megawatt power plant with a $220 million deal for China Energy Group to provide construction and engineering services.{{cite news |title=Summit inks energy deal with Chinese company |url=http://www.thedailystar.net/news-detail-258489 |newspaper=The Daily Star |access-date=26 June 2016}}

In 2015, Khan was elected president of the Bangladesh Association of Publicly Listed Companies.{{cite news |title=Aziz Khan elected BAPLC president |url=http://www.daily-sun.com/printversion/details/100050/Aziz-Khan-elected-BAPLC-president |newspaper=Daily Sun |date=18 December 2015 |access-date=18 April 2016}} He also led Summit Group in winning a deal to build Bangladesh's first high-tech business park, agreeing to invest $207 million to build part of the park across its 232-acre land in Kaliakor, Bangladesh.{{cite news |title=Bangladesh inks deal to build high-tech business park |url=http://articles.economictimes.indiatimes.com/2015-06-29/news/63937643_1_first-phase-foreign-direct-investment-summit-group |archive-url=https://web.archive.org/web/20151017221801/http://articles.economictimes.indiatimes.com/2015-06-29/news/63937643_1_first-phase-foreign-direct-investment-summit-group |url-status=dead |archive-date=17 October 2015 |newspaper=The Economic Times |publisher=Bennett, Coleman & Co. Ltd. |date=29 June 2015 |access-date=26 June 2016}}

In April 2016, Khan, his wife Anjuman Aziz Khan, daughter Ayesha Aziz Khan, brother Zafar Umayyad Khan and nephew Faisal Karim Khan were named in the Panama Papers as operating six offshore companies, mostly in the British Virgin Islands using a Singapore address.{{cite news |url=http://www.observerbd.com/2016/04/07/145571.php |title=Bangladeshis not outside Panama Papers |newspaper=The Daily Observer |access-date=8 April 2016}} Summit Group states that it has no business in any form in Panama, nor it has any link with the legal firm Mossack Fonseca, and that there has not been any mention whatsoever of Khan in "The Panama Papers".{{cite news |url=http://www.observerbd.com/2016/05/07/150229.php |title=Summit rejoinder on Panama Papers |newspaper=The Daily Observer |access-date=5 May 2016}} The National Board of Revenue (NBR) has started an investigation into the money laundering and tax evasion histories of 25 Bangladeshi politicians and businessmen, including Khan; and the Anti Corruption Commission Bangladesh (ACC) has created a three-member committee to investigate.{{cite news |url=http://www.banglanews24.com/national/article/51327/NBR-probing-into-Bangladeshi-names-on-Panama-Papers |title=NBR probing into Bangladeshi names on Panama Papers |newspaper=Banglanews24.com |access-date=20 April 2016 |archive-url=https://web.archive.org/web/20161220162700/http://www.banglanews24.com/national/article/51327/NBR-probing-into-Bangladeshi-names-on-Panama-Papers |archive-date=20 December 2016 |url-status=dead}} However, the Bangladesh-based British journalist David Bergman has clarified that the only Bangladeshi people linked to offshore companies as released by the ICIJ relate to an earlier 2013 leak of information involving the British Virgin Islands.{{cite web |last=Bergman |first=David |url=http://bangladeshpolitico.blogspot.co.uk/2016/04/icij-2013-leak-database.html |title=Bangladesh Politico: ICIJ 2013 leak database |website=Bangladeshpolitico.blogspot.co.uk |date=8 April 2016 |access-date=20 April 2016}}

In May 2016, Khan was appointed Honorary Consul General of Finland in Bangladesh due to his long-standing business relationship with Finland.{{cite news |title=Aziz Khan as honorary consul general of Finland in Bangladesh |url=http://www.banglanews24.com/business/article/52699/Aziz-Khan-as-honorary-consul-general-of-Finland-in-Bangladesh |newspaper=BanglaNews24 |access-date=26 June 2016}} In particular, Aziz Khan has led Summit Group in building close trade relationships with leading Finnish company Wartsila, who has supplied machinery and equipment to many of the Summit Group's power project.{{cite news |title=Finland opens honorary consulate general in Bangladesh |url=http://bdnews24.com/bangladesh/2016/05/31/finland-opens-honorary-consulate-general-in-bangladesh |newspaper=bdnews24.com |access-date=26 June 2016}}

Also in 2016, Khan led Summit Group in securing $190 million in a consortium led by Standard Chartered to finance a 335 megawatt power plant.{{cite web |url=http://www.bio-invest.be/nl/rss-news/news/186-stanchart-raises-190m-for-summit-power-plant.html |title=RSS Nieuws – BIO-Invest}} Khan also helped arranged the largest ever direct loan given to a Bangladeshi company in 2016 for $210 million by Asian Development Bank, International Finance Corporation and Islamic Development Bank.{{cite web |url=http://www.sharebazarbd24.com/news/details/Share_Bazar/123 |title=Summit eyes listing with S'pore stock exchange |date=13 March 2016 |website=Share Bazar BD 24 |access-date=26 June 2016 |archive-url=https://web.archive.org/web/20160531205017/http://www.sharebazarbd24.com/news/details/Share_Bazar/123 |archive-date=31 May 2016 |url-status=dead}} Khan has also indicated that Summit may list on the Singapore Stock Exchange, making it the first Bangladeshi company to do so.

In September 2016, Khan announced that Summit Group has established a Singaporean company that it will publicly list in Singapore and help raise $2.5 billion to invest in Bangladesh projects such as a liquified natural gas terminal and additional power capacity.{{cite news |author=Arun Devnath More stories by Arun Devnath |url=https://www.bloomberg.com/news/articles/2016-09-07/bangladesh-s-top-utility-to-invest-2-5-billion-in-lng-power |title=Bangladesh's Top Utility to Invest $2.5 Billion in LNG, Power |newspaper=Bloomberg |date=7 September 2016 |publisher=Bloomberg L.P. |access-date=1 April 2017}}{{cite news |author=Md Fazlur Rahman |url=http://www.thedailystar.net/frontpage/summit-group-raise-25b-1282564 |title=Summit Group to raise $2.5b |work=The Daily Star |access-date=1 April 2017}}

In January 2017, Summit Group announced that it would build a $500 million LNG terminal in Moheshkhali, Bangladesh. The project brings GE as an equity partner. Khan has said, "We want to ensure constant supply of primary energy for the country by implementing this project."{{cite news |title=Summit signs deal to build $500m LNG terminal |url=http://www.thedailystar.net/business/summit-signs-deal-build-500m-lng-terminal-1340404 |newspaper=The Daily Star |date=5 January 2017 |access-date=15 January 2017}}

In August 2018, Mitsubishi Corporation acquired 25% of Summit LNG Terminal Co (Pvt) Ltd.{{cite news |title=Japan Mitsubishi Corp says to acquire 25 pct stake in Bangladesh LNG terminal |url=https://asia.nikkei.com/Business/Companies/Mitsubishi-to-supply-LNG-to-emerging-Asia |newspaper=Nikkei Asian Review |date=17 August 2018 |access-date=17 August 2018}}{{cite news |title=Japan Mitsubishi Corp says to acquire 25 pct stake in Bangladesh LNG terminal |url=https://www.nasdaq.com/article/japan-mitsubishi-corp-says-to-acquire-25-pct-stake-in-bangladesh-lng-terminal-20180816-01065 |publisher=NASDAQ |date=16 August 2018 |access-date=16 August 2018}} In 2019, JERA acquired 22% stake of Summit Power International.{{cite news |title=JERA to buy 22% stake in Bangladeshi utility for $327m |url=https://asia.nikkei.com/Business/Business-deals/JERA-to-buy-22-stake-in-Bangladeshi-utility-for-327m |newspaper=Nikkei Asian Review |date=8 October 2019 |access-date=8 October 2019}}{{cite news |title=Japan's JERA buys stake in power unit of Bangladesh's Summit for $330 million |url=https://www.reuters.com/article/us-japan-bangladesh-lng/japans-jera-buys-stake-in-power-unit-of-bangladeshs-summit-for-330-million-idUSKBN1WM0KD |work=Reuters|date=7 October 2019 |access-date=7 October 2019}} Summit's Founder Chairman Muhammed Aziz Khan expressed his satisfaction with the investment stating, "Much needed technology and capital for Bangladesh's fast growing power and energy market will be available from JERA with their vast knowledge and balance sheet. JERA by far could be our best partner. This partnership will support our investment program of USD 3 billion by 2022 in Bangladesh".{{cite news |title=Japan's JERA acquires 22pc stake of Summit Power for $330m |url=https://www.thedailystar.net/business/news/japans-jera-acquires-22pc-stake-summit-power-330m-1810849 |newspaper=The Daily Star |date=8 October 2019 |access-date=8 October 2019}}

In 2018, Forbes Asia listed Khan and family for the first time as the 34th richest in Singapore.{{cite news |title=From plastics, Aziz Khan powers his way to business empire |url=https://www.straitstimes.com/business/from-plastics-he-powers-his-way-to-business-empire |newspaper=The Straits Times |date=10 September 2018 |access-date=10 September 2018}} In 2020, Forbes listed Muhammed Aziz Khan 37th richest in Singapore.{{cite web |title=Forbes profile: Muhammed Aziz Khan |url=https://www.forbes.com/profile/muhammed-aziz-khan/ |website=Forbes |access-date=19 August 2020}}

In 2021, Khan shares his plans with Bloomberg about Summit, JERA and Mitsubishi Corporation to jointly bid for an estimated US$2.3 billion in FSRU projects in Payra (Bangladesh), Kerawalapitiya (Sri Lanka) and Pakistan as he sees demand for storage increasing as governments face volatility in natural gas prices.{{cite news |title=Bangladesh Giant Seeks to Invest $2.3 Billion in LNG Projects |url=https://blinks.bloomberg.com/news/stories/QR30CXT0G1KW |publisher=Bloomberg L.P. |access-date=6 April 2021}}

• Chairman, Summit Group of companies, the largest infrastructure conglomerate in Bangladesh
• Chairman, Summit Power International,{{cite web |url=https://summitpowerinternational.com/ |title=Summit Power International |website=summitpowerinternational.com}} the largest Independent Power Producer (IPP) in Bangladesh
• Chairman of Summit Asia Pacific Pte. Ltd.
• Chairman, Summit Corporation Limited
• Chairman, Summit Alliance Port Limited (SAPL),{{cite web |url=https://www.saplbd.com |title=Summit Alliance Port Limited (SAPL) |website=saplbd.com}} a publicly listed company in Bangladesh
• Chairman, Summit Holdings Limited
• Chairman, Summit Technopolis Limited{{cite web |url=http://www.summittechnopolis.com/ |title=Summit Technopolis Limited |website=summittechnopolis.com}}
• Member, UNICEF International Council
• Honorary Consul General of Finland in Bangladesh{{cite news |title=Summit's Aziz Khan becomes Finland's honorary consul general |url=http://www.thedailystar.net/city/summits-aziz-khan-becomes-finlands-honorary-consul-general-1233175 |newspaper=The Daily Star |date=2 June 2016 |access-date=26 June 2016}}
• Chairman, The Anjuman and Aziz Charitable Trust (AACT)
• Trustee, Prothom Alo Trust{{cite web |url=http://trust.prothom-alo.com/about/ |title=Prothom Alo Trust {{!}} প্রচ্ছদ |website=trust.prothom-alo.com |access-date=18 April 2016 |archive-url=https://web.archive.org/web/20160407231626/http://trust.prothom-alo.com/about/ |archive-date=7 April 2016 |url-status=dead}}
• Chairman, Siraj Khaleda Trust{{cite web |url=http://123.49.46.158/reports/Annual%20Reports/ANNUAL%20REPORT/Fuel%20And%20Energy/Summit%20Power/Summit%20Power%202005.pdf |title=Empowering Bangladesh we can and we will : Summit Power Limited's 2015 Annual Report |website=123.49.46.158 |access-date=20 April 2016 |archive-url=https://web.archive.org/web/20160504224831/http://123.49.46.158/reports/Annual%20Reports/ANNUAL%20REPORT/Fuel%20And%20Energy/Summit%20Power/Summit%20Power%202005.pdf |archive-date=4 May 2016 |url-status=dead}}
• Former chairman, Summit Power Limited (SPL),{{cite web |url=https://summitpowerinternational.com/SPL |title=Summit Power Limited |website=summitpowerinternational.com |date=24 November 2017}} a publicly listed company in Bangladesh
• Former chairman, Summit Oil and Shipping Company Limited (SOSCL){{cite web |url=https://www.soscl.net |title=Summit Oil and Shipping Company Limited (SOSCL) |website=soscl.net}}
• Former chairman, Summit Communications Limited{{cite web |url=http://www.summitcommunications.net |title=Summit communications Limited |website=summitcommunications.net}}
• Former chairman, Summit Towers Limited
• Former chairman, Cosmopolitan Communications Limited{{cite web |url=http://www.cosmocom.net/ |title=Cosmopolitan Communications Limited |website=cosmocom.net}}
• Former chairman, IPCO Hotels and IPCO Developments Limited{{cite web |url=http://ipco.com.bd |title=IPCO Hotels and IPCO Developments Limited |website=ipco.com.bd}}
• Former president, Bangladesh Association of Publicly Listed Companies (BAPLC)
• Former director, National Housing Finance and Investments Limited{{cite web |title=National Housing Finance and Investments Limited |url=http://www.nationalhousingbd.com/reports/AR2013.pdf |website=National Housing Finance and Investments Limited Annual Report 2013 |access-date=26 June 2016}}
• Founder chairman (2009–2015), Prothom Alo Trust.{{cite news |title=Prothom Alo awards six journalists |url=https://www.thedailystar.net/news/prothom-alo-awards-six-journalists |newspaper=The Daily Star |date=27 June 2013 |access-date=27 June 2013}}
• Founding president, Bangladesh Scouts Foundation
• Member, board of trustees, Asian University of Women (AUW)

• 2023 COVID-19 Resilience Medal nominated by Singapore Ministry of Health. (The COVID-19 Resilience Medal is a national awards to recognise the substantive contributions of those who participated directly in Singapore's fight against COVID-19) {{cite news |url=https://www.pmo.gov.sg/National-Awards/-/media/8CCC48F241604DA2881E012145AB142F.ashx |title= Prime Minister's Office Singapore |newspaper=Prime Minister's Office Singapore |access-date=1 June 2023}}
• 2023 Sher-e-Bangla Peace Award{{cite news |url=https://thefinancialexpress.com.bd/trade/muhammed-aziz-khan-gets-sher-e-bangla-peace-award |title=Muhammed Aziz Khan gets Sher-e-Bangla Peace Award |newspaper=The Business Standard |access-date=5 November 2023}}
• 2023 Public Service Medal (COVID-19) (Pingat Bakti Masyarakat) from Singapore Prime Minister's Office for outstanding contributions supporting migrant workers in Singapore and philanthropic effort{{cite news |title=Singapore PM Office awards Aziz Khan for contributing to society in pandemic |newspaper=The Financial Express |url=https://thefinancialexpress.com.bd/trade/singapore-pm-office-awards-aziz-khan-for-contributing-to-society-in-pandemic |access-date=31 October 2023}}{{Cite press release |title=Singapore PM Office awards Public Service Medal to Muhammed Aziz Khan |url=https://www.prnewswire.com/apac/news-releases/singapore-pm-office-awards-public-service-medal-to-muhammed-aziz-khan-301970007.html |access-date=2023-10-31 |agency=PR Newswire |language=en}}
• 2022 Priyadarshni Academy's Global Award for Outstanding Contribution to Bangladesh's Infrastructure{{cite news |url=https://www.tbsnews.net/economy/corporates/priyadarshni-academy-awards-summit-group-chairman-aziz-khan-500094 |title=Priyadarshni Academy awards Summit Group Chairman Aziz Khan |newspaper=The Business Standard |access-date=20 September 2022}}{{cite news |url=https://www.priyadarshniacademy.com/2022GlobalAwards |title=38th Anniversary Global Awards Function |newspaper=priyadarshniacademy |access-date=19 September 2022}}
• 2020 Asia's Outstanding Leader at ACES Awards{{cite news |url=https://www.tbsnews.net/bangladesh/muhammed-aziz-khan-recognised-asias-outstanding-leader-aces-awards-2020-159571 |title=Muhammed Aziz Khan recognised as Asia's Outstanding Leader at ACES Awards 2020 |newspaper=The Business Standard |access-date=18 November 2020}}{{cite news |url=https://www.acesawards.com/stories/leadership/muhammed-aziz-khan/ |title=Muhammed Aziz Khan wins Outstanding Leader in Asia 2020 |newspaper=acesawards |access-date=18 November 2020}}
• 2018 Global Asian of the Year{{cite news |url=https://www.newagebd.net/article/63144/aziz-recognised-as-the-global-asian-of-the-year-2018 |title=Aziz recognised as the 'Global Asian of the Year 2018' |newspaper=New Age |access-date=29 January 2019}}
• 2015 Business Person of the Year, DHL & Daily Star Business Awards{{cite news |url=http://www.thedailystar.net/frontpage/laurels-brilliance-business-141805 |title=Laurels for Brilliance in Business |newspaper=The Daily Star |access-date=18 April 2016}}
• 2023 Pingat Bakti Maskaryan (Public Service Medal), and COVID-19 Resilience Medal by the Prime Minister's Office of Singapore{{Cite news |date=2023-10-26 |title=Singapore PM Office awards to Muhammed Aziz Khan |url=https://www.tbsnews.net/economy/corporates/singapore-pm-office-awards-muhammed-aziz-khan-727130 |access-date=2024-07-08 |work=The Business Standard |language=en}}

File:Aziz Khan with his family.jpg

Khan is a permanent resident of Singapore. He is married to Anjuman Aziz Khan. He met Anjuman as her tutor. They live in both Bangladesh and Singapore. Their residence in Dhaka, Serenity's Lodge, was designed by the architect Nahas Ahmed Khalil.{{cite web |url=https://bengal.institute/team/nahas-ahmed-khalil/ |title=Nahas Ahmed Khalil |website=bengal.institute}}

They have three daughters, Ayesha, Adeeba and Azeeza. Ayesha Khan is the managing director & CEO of Summit Power International. His second daughter Dr Adeeba Aziz Khan{{cite web |url=http://www.summittechnopolis.com/adeeba-aziz-khan/ |title=Director |website=Summit Technopolis Limited}} is a fellow at Wolfson College, Cambridge University.{{cite web |url=http://www.talks.cam.ac.uk/user/show/49172 |title=Junior Research Fellow Wolfson College, University of Cambridge |publisher=University of Cambridge}} His youngest daughter Azeeza Aziz Khan is one of the directors of Summit Group of companies. He has five grandchildren.{{citation needed|date=June 2019}}

He is the third of seven brothers.{{citation needed|date=June 2019}} His eldest brother Lt Col (Rtd) Faruk Khan is a Member of Parliament (MP) and a former minister.{{Cite news |title=Faruk Khan takes it easy |url=https://bdnews24.com/politics/2011/12/05/faruk-khan-takes-it-easy |access-date=2021-11-08 |work=bdnews24.com}} His brothers Zafer Ummeed Khan, Latif Khan and Farid Khan are vice-chairmen of the Summit Group of Companies.{{citation needed|date=June 2019}}

Among his close friends is Hamiduzzaman Khan, an artist and sculptor. Khan commissioned Bangladesh's first ever sculpture park and named it the Prof Hamiduzzaman Sculpture Park.{{cite news |url=https://www.daily-sun.com/printversion/details/373873/2019/02/26/Country%E2%80%99s-longest-mural-at-Summit-Gazipur-Power-Plant |title=Country's longest mural at Summit Gazipur Power Plant |work=Daily Sun |access-date=26 February 2019}} Among the sculptures is the country's longest mural.{{citation needed|date=June 2019}}

In 2022, Anjuman and Aziz Charitable Trust (AACT) of Bangladesh joined UNICEF's international council to help address the learning crisis caused by the COVID-19 pandemic, enabling 3,000 vulnerable children to re-enter education and catch up on lost learning many of whom were forced to drop out of school during the pandemic. The Anjuman and Aziz Charitable Trust made a four-year partnership with the United Nations International Children's Emergency Fund (UNICEF), now officially the United Nations Children's Fund.

The AACT has pledged to continue supporting UNICEF Bangladesh in enabling the education of some of the most disadvantaged out-of-school children in the country, many of whom were forced to drop out of school during the COVID-19 pandemic.{{Cite news |date=2022-10-28 |title=Anjuman and Aziz Charitable Trust joins Unicef's Int'l Council |url=https://www.thedailystar.net/business/economy/news/anjuman-and-aziz-charitable-trust-joins-unicefs-intl-council-3154266 |access-date=2022-10-31 |work=The Daily Star |language=en}}

AACT's support will enable UNICEF's specialised learning programme to be offered to 3,000 children living in Dhaka South City Corporation Zones 3, 4, and 5 who have dropped out of school. These areas see some of the highest rates of out-of-school children in Bangladesh, with one of every three children deprived of education in some neighbourhoods.

UNICEF will provide them with a unique approach to learn in a safe environment, until they either graduate from primary school or catch up until they and can be mainstreamed into regular schools. The programme will also benefit an estimated 5,000 parents and community leaders through community outreach activities.

The trustees of AACT, Anjuman Aziz Khan, Muhammed Aziz Khan, Hanns Kendel and Christian Prokopp joined the UNICEF's International Council at its annual symposium in Copenhagen in October, 2022. They are the first members from Bangladesh to have joined the council.

In April 2016, the names of Muhammad Aziz Khan, his wife Anjum Aziz Khan, daughter Ayesha Aziz Khan, brother Zafar Umayed Khan and nephew Faisal Karim Khan were found in the Panama Papers. It found that six offshore companies, most of which were located in the British Virgin Islands, were being operated using Singaporean addresses in their names.{{cite news |title=Aziz Khan: The power kingpin under Hasina's reign |url=https://businesspostbd.com/national/aziz-khan-the-power-kingpin-under-hasinas-reign |access-date=23 January 2025 |work=businesspostbd.com |language=en}}

The National Board of Revenue (NBR) has launched an investigation into 25 Bangladeshi politicians and businessmen, including Muhammad Aziz Khan, for money laundering and tax evasion.{{cite news |title=A billionaire in S'pore, minnow in Bangladesh |url=https://today.thefinancialexpress.com.bd/print/a-billionaire-in-spore-minnow-in-bangladesh-1726422741 |access-date=23 January 2025 |work=today.thefinancialexpress.com.bd}}{{cite news |title=NBR blocks share transfers by seven corporate giants |url=https://www.thedailystar.net/business/news/nbr-blocks-share-transfers-seven-corporate-giants-3717876 |work=The Daily Star |date=2 October 2024 |language=en}} Moreover, the Anti-Corruption Commission (ACC) has formed a three-member committee to investigate.{{cite news |title=NBR launches investigations against Beximco, Bashundhara, Summit, Orion, Nassa Group bosses |url=https://bdnews24.com/business/a5285b9f26c2 |access-date=23 January 2025 |work=bdnews24.com |language=en}}{{cite news |title=Aziz Khan, the richest man in Singapore, is the top fraudster in Bangladesh |url=https://barta24.com/details/business-en/247103/aziz-khan-the-richest-man-in-singapore-is-the-top-fraudster-in-bangladesh |work=Barta24 |date=29 September 2024 |language=en}}

Many believe that Summit Group is doing so much business in Bangladesh's power sector because of its political closeness with the government.{{cite news |title=Ousted AL regime's oligarch and Summit Group's rise |url=https://www.daily-sun.com/post/766351 |work=Daily Sun |date=10 September 2024 |language=en}} Retired Colonel Faruk Khan, a brother of Muhammad Aziz Khan, is a member of the Awami League President's Congregation and the former Minister of Civil Aviation and Tourism in the government.{{cite news |title=Summit launders millions of dollars under Faruk Khan's patronage |url=https://www.daily-sun.com/post/774292 |work=Daily Sun |date=28 October 2024 |language=en}}

On 7 October 2024, Bangladesh Financial Intelligence Unit (BFIU) directed all the banks and financial institutions in Bangladesh to freeze the accounts of Summit Group chairman Muhammed Aziz Khan and 11 members of his family, including his brothers.{{cite news |title=BFIU asks banks to freeze accounts of Summit's Aziz Khan, family members |url=https://en.prothomalo.com/business/local/ucqwcv60sz |work=Prothom Alo |date=7 October 2024 |language=en}}{{cite news |title=Bank A/Cs of Summit's Aziz Khan, family frozen |url=https://thefinancialexpress.com.bd/national/Bank-ACs-of-Summit-Aziz-Khan-family-frozen |work=The Financial Express |date=8 October 2024 |language=en}}

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Category:1955 births

Category:Living people

Category:Alumni of IBA, University of Dhaka

Category:People named in the Panama Papers

Category:Bangladeshi chairpersons of corporations

Category:Notre Dame College, Dhaka alumni