Dhaka, Oct 01 (V7N) – The Financial Crime Unit of the Criminal Investigation Department (CID) has seized assets worth Tk 42.85 crore belonging to Khairul Bashar Bahar, owner of BSB Global Networks.

According to a CID press release on Tuesday, Bashar and his associates allegedly defrauded students across the world, including the United States and Canada, by promising higher education opportunities, amassing hundreds of crores of takas through these schemes.

Following initial evidence, a case under the Money Laundering Prevention Act was filed at Gulshan Police Station on May 4. Bashar was subsequently arrested from Dhanmondi on July 14. Investigations revealed that he had purchased 122.45 decimals of land using the fraudulent funds. Upon CID’s request, the court ordered the seizure of these immovable assets registered under his name.

Despite portraying himself as an educationist and entrepreneur, CID stated that Bashar, with the help of a network of fraudsters, acquired vast wealth at the expense of ordinary students. Investigations are ongoing, and authorities continue to trace additional movable and immovable assets under his name across the country.

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