Dhaka, Jan 23 (V7N) — The Financial Crime Unit of the Crime and Investigation Department (CID) has seized assets worth approximately Tk 2.5 billion linked to Salman F. Rahman, Vice Chairman of Beximco Group, along with individuals and organizations associated with him.

In a press release issued on Thursday evening, the CID disclosed details of an ongoing investigation into allegations of trade-based money laundering. According to the CID, goods worth $26,014,984 were exported between 2020 and 2024 through 21 letters of credit (LCs) under the names of two companies, Apollo Apparels Limited and Kanchpur Apparels Limited, both linked to Salman F. Rahman. The funds were allegedly laundered to UAE-based entities, RR Global Trading FZE and Saif Lounge, owned by Salman F. Rahman's son, Ahmed Shahriar Rahman.

The CID accused the parties involved of exporting goods to their own interest-related entities under the guise of foreign trade to facilitate money laundering. Assets seized under a court order include:

Land and structures in Doha, Dhaka District.

A 6,189.54 sq. ft. flat in The Invoi 84 building in Gulshan 2, owned by Ahmed Shahriar Rahman.

A duplex flat spanning 2,713.10 sq. ft. on the 2nd and 3rd floors of a building in Gulshan Residential Area.

The total market value of the seized properties is estimated at Tk 2.5 billion.

Additionally, the CID revealed that 17 cases have been filed against Salman F. Rahman and his associates for laundering $83 million to various countries through trade-based money laundering schemes. The investigation is ongoing, and the authorities have pledged to take further legal action based on its findings.

This development marks a significant step in Bangladesh's efforts to combat financial crimes and hold influential figures accountable for illegal activities.

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