Bangladesh has recently witnessed severe political upheaval, leading to the resignation and departure of Prime Minister Sheikh Hasina. The unrest, fueled by public dissatisfaction with government policies, erupted into violent protests, resulting in significant casualties. On August 5, 2024, Hasina and her sister fled aboard a military aircraft, reportedly heading to India. This abrupt departure followed intense public outcry and escalating violence, with protesters storming the Prime Minister’s residence, leading to extensive looting and vandalism.
The protests, primarily driven by students and activists, were sparked by changes in the reservation policy that favored families of freedom fighters. The demonstrators accused Hasina’s government of corruption, autocracy, and failure to address key public issues. The unrest led to nearly 300 deaths over several weeks, with violent clashes between protesters and security forces.
Military Intervention and Political Transition
In the wake of Hasina’s departure, the military, led by General Waker-Uz-Zaman, took control to restore order and initiate a political transition. Discussions with major political parties were underway to form an interim government that would steer the country towards stability and address the root causes of the unrest. This move was seen as crucial to prevent further deterioration of the political and social fabric of Bangladesh.
Financial Profile of Sheikh Hasina and her total net worth
Throughout her extensive political career, Sheikh Hasina amassed considerable wealth. As of her last affidavit submitted to the Election Commission, Hasina’s total assets were estimated to be around Tk 4.36 crore (approximately $407,000). Her income sources included her annual salary as Prime Minister, which was approximately USD 16,220 (about Tk 13.61 lakh). Additionally, Hasina earned substantial amounts from agricultural ventures, securities, fixed deposits, and savings certificates.
Hasina’s real estate holdings are significant, comprising several properties within Bangladesh, including her official residence, Ganabhaban, which was targeted during the protests. She also owns apartments in Singapore and other locations abroad. These assets reflect her diverse investment portfolio and financial acumen developed over years of political leadership.
Sheikh Hasina’s departure marks a critical juncture in Bangladesh’s history.
Her leadership, spanning nearly two decades, was characterized by both significant economic growth and contentious political practices. The immediate aftermath of her resignation has left the country in a state of uncertainty, with the military’s involvement seen as both a stabilizing force and a reminder of past military interventions in Bangladesh’s politics.
As the nation navigates this transitional phase, the focus remains on addressing the grievances that led to the unrest and ensuring a peaceful and democratic resolution to the political crisis. The legacy of Sheikh Hasina will be scrutinized in the context of her financial wealth, political decisions, and the ultimate impact of her leadership on Bangladesh’s development trajectory.
