Dhaka, Sep 18 (V7N)- The Criminal Investigation Department (CID) has lodged 17 cases against 28 individuals, including Salman F Rahman, head of the Beximco Group, over allegations of laundering approximately 83 million US dollars (about 1,000 crore taka) through exports.

According to the Azad Rahman, Additional SP of CID media wing CID’s investigation under the Anti-Money Laundering Act, between 2021 and 2024, Beximco Group, led by Salman F Rahman (founder vice chairman) and his brother A.S.F Rahman (chairman), allegedly laundered the money using 17 companies associated with the group. These companies obtained 93 letters of credit (LCs) and export contracts from Janata Bank’s Local Office in Dilkusha, Motijheel. The companies exported goods but failed to bring back the export earnings, a legal requirement within four months of export.

The CID’s investigation revealed the involvement of the following companies: Adventure Garments Limited, Apollo Apparels Limited, Bextex Garments Limited, and 14 others. These entities exported goods to various countries, primarily to RR Global Trading (FZE) in Sharjah, UAE, owned by Ahmed Shayan Fazlur Rahman and Ahmed Shahriar Rahman, sons of Salman and A.S.F Rahman, respectively. Other export destinations included Germany, the UK, Turkey, and Sri Lanka. However, the earnings from these exports were never repatriated.

The CID believes that the companies intentionally laundered money abroad, breaching the Anti-Money Laundering Act, 2012, under sections 2(j)(14) and 2(j)(26), which constitutes an offense under sections 4(2) and 4(4) of the law. The CID’s Financial Crime Unit has filed 17 cases at Motijheel Police Station, accusing Salman F Rahman and his associates of using their influence and conspiring with criminal groups to launder money.

In addition to these cases, further investigations are underway concerning the alleged laundering of 33,470 crore taka in loans taken by Beximco Group and other financial irregularities linked to the company.

END/JA/AJ