CID files 17 cases against Salman F Rahman, 27 others

Criminal Investigation Department (CID) has lodged 17 cases against Beximco Group Vice-Chairman Salman F Rahman and 27 others for allegedly laundering about Tk1,000 crore ($83 million) under the guise of export trade.

A notification signed by CID additional police super (media) confirmed the matter on Wednesday (September 18).

According to the notification, Salman F Rahman and his brother ASF Rahman, who is also the chairman of Beximco Group, were involved in laundering about Tk1,000 crore ($83 million) through exported goods against 93 LCs (Letters of Credit) from the Janata Bank PLC during the period between 2021 and 2024. The export proceeds, however, were not brought back to Bangladesh.

CID said, 17 Beximco-linked companies were involved in exporting goods valued at around Tk 1,000 crore to various countries, including the UAE. The accused were involved in money laundering and committed the offense under Sections (14) and (26) of the Prevention of Money Laundering Act, 2012, which is 4(4) of the same Act. 2)/4(4) is a punishable offense.