DHAKA: A wealthy tycoon who was a chief financier for Bangladesh's largest Islamist party refused Friday to seek presidential clemency against his death sentence, an official said, paving the way for his imminent execution by hanging.

Mir Quasem Ali, a key leader of the Jamaat-e-Islami party, was sentenced to death by a controversial war crimes tribunal for offences committed during the 1971 independence conflict with Pakistan.

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