Dhaka, Bangladesh Global: The Criminal Investigation Department (CID) has filed 17 cases against 28 individuals, including Salman F Rahman of Beximco Group, accusing them of laundering $83 million (approximately Tk1,000 crore) abroad under the guise of export trade.
CID Additional Superintendent of Police Azad Rahman revealed this information on Wednesday.
According to a CID press release, its investigation, conducted under money laundering prevention laws, uncovered evidence that Salman F Rahman (founding vice chairman of Beximco Group) and his brother ASF Rahman (chairman of Beximco Group) used 17 Beximco-owned companies to export goods under 93 letters of credit (LCs) and sales contracts from Janata Bank PLC’s local office branch in Dilkusha, Motijheel, between 2021 and 2024. Despite the passage of the designated timeframe, the export proceeds—around $83 million—were not repatriated to Bangladesh, indicating that the funds were illicitly transferred abroad.
The CID said its investigation indicated that Salman F Rahman, along with other individuals associated with Beximco Group, had transferred the funds abroad.
The agency added that a significant portion of the exported goods had been sent to RR Global Trading FZE in Sharjah, UAE, and Saudi Arabia, a company jointly owned by Salman F Rahman's son, Ahmed Shayan Fazlur Rahman, and ASF Rahman’s son, Ahmed Shahryar Rahman.
It claimed the goods had been exported to countries like Germany, the Netherlands, the UK, Turkey and Sri Lanka, but the earnings had never been repatriated, and the defendants were believed to have conspired to launder the money abroad.
Given the primary evidence of money laundering through the misuse of personal influence and involvement of an organized crime network, the CID said its Financial Crime Unit had filed 17 cases with Motijheel police station in Dhaka.
The Financial Crime Unit is also conducting a separate investigation into allegations of financial irregularities, including the laundering of approximately Tk33,470 crore through loans obtained under the names of Beximco Group's various companies, both officially and anonymously.
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