Bangladesh, March 1 -- A Canadian entrepreneur, Firoz Patel, has been sentenced to an additional three and a half years in a US federal prison for concealing more than $40 million worth of Bitcoin in an undeclared account. This latest conviction marks a significant development in a prolonged legal battle against Patel, whose financial dealings have been scrutinized in connection with global money laundering operations and investigative reports, including the Pandora Papers.

Firoz Patel first gained prominence as the founder of Payza, an online payment platform launched in 2012. Initially marketed as a legitimate financial service, Payza quickly attracted controversy due to its lack of stringent due diligence measures. According to US pro...