Previously undisclosed divorce settlement documents involving Sajeeb Wazed Joy, son of ousted Bangladesh prime minister Sheikh Hasina, have revealed an extensive financial arrangement involving multimillion-dollar payments and corporate share transfers as well as future claims tied to major Bangladeshi telecom and technology firms.

The agreement with his former wife, Kristine Wazed, outlines decade-long support commitments, the division of business interests in Digicon Technologies and Fintech Solutions, and a trust structure linked to potential proceeds from Summit Communications Ltd.

The documents, spanning pages 13 to 15 of a 22-page agreement, provide a detailed breakdown of how the couple agreed to divide business interests and support obligations following their divorce.

Joy publicly confirmed in early 2025 through his verified facebook profile that the couple had separated nearly three years ago (from then) before formally ending their marriage.

One of the most significant provisions concerns Digicon Technologies Ltd and Fintech Solutions Ltd. The agreement states that Joy would transfer 50 percent of the shares he owned in both companies to Kristine Wazed “as soon as practicable” after the agreement took effect.

The document explicitly barred Joy from selling or transferring any of his shares in those entities to a third party before Kristine received her portion.

Once the transfers are completed, each party would retain sole ownership over the shares registered in their own names and would individually bear all liabilities, taxes and expenses associated with those holdings.

The agreement also states that both parties would retain any income, equity or value generated from business entities individually owned by them following the settlement.

Another major section of the agreement centers on Summit Communications Ltd., one of Bangladesh’s largest telecommunications infrastructure companies.

The settlement notes that Summit Communications began operations in 2009 and states that, “solely for purposes of this Agreement,” Joy acknowledged that marital property existed in connection with the company.

The documents reveal that the owners of Summit Communications had attempted to sell the company and that Joy anticipated potentially receiving either payments or stock tied to his involvement and efforts associated with the entity.

Under the agreement, the parties agreed to establish a trust for the benefit of their daughter, Sophia. The trust would receive 30 percent of any “net payment” Joy receives from the sale or ownership interest in Summit Communications.

The obligation also extends to payments received by any entity, trust or business owned or established by Joy.

The agreement appoints Kurt Gruell as trustee, while Joy and Kristine Wazed would serve as contingent trustees. The trust funds are designated for Sophia’s “health, education, maintenance and support.”

The settlement carefully defines the phrase “if, as and when received,” making clear that Joy’s obligation to transfer 30 percent of proceeds to the trust becomes effective only after he actually receives payment connected to Summit Communications.

The agreement further specifies that the transfer must occur in the same form in which payment is received—whether cash, shares or other assets.

If Joy receives Summit Communications stock instead of cash, he must assign 30 percent of those shares to the trust for Sophia “as soon as practicable” after receipt.

The document also states that if the trust is not established at the time any transfer becomes due, the shares would instead be transferred directly into Sophia’s name. Costs associated with establishing the trust are to be shared equally between both parties.

Beyond corporate assets, the settlement imposes substantial personal financial obligations on Joy. Under a section titled “Monetary Award,” the agreement requires him to pay Kristine Wazed a lump-sum non-taxable payment of $1 million (BDT 122,938,200) on or before June 1, 2025.

The agreement also mandates monthly spousal support payments of $20,000 (BDT 2,458,764) beginning July 1, 2024, continuing on the first day of each month until December 31, 2034—amounting to more than $2.5 million (BDT 307,159,375) over the duration of the arrangement.

The settlement explicitly states that the amount and duration of the spousal support are “non-modifiable.”

The payments would terminate only upon the death of either party, Kristine Wazed’s remarriage, or her cohabitation with another partner in a relationship “analogous to marriage” for one year or longer.

In addition, Joy agreed to pay $3,400 (BDT 417,989.88) per month in child support for Sophia under Virginia child support guidelines.

The document notes that support could continue beyond the age of 18 if the child remains a full-time high school student, is not self-supporting, and resides with the parent receiving support.

The agreement further allows continued support for a child over 18 in cases involving severe and permanent mental or physical disability existing before adulthood.

The emergence of the settlement documents comes amid continuing scrutiny over Joy’s overseas assets and finances.

Bangladesh’s Anti-Corruption Commission has been investigating allegations related to properties, luxury vehicles and potential money laundering tied to Joy and associated individuals in the United States.

Joy has denied wrongdoing and dismissed the allegations as politically motivated.

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