CID seizes Tk250cr worth of assets belonging to Salman F Rahman, family in Gulshan, Dohar
The assets include 1,967.919 decimal land in Dohar and Gulshan, 6,189.54 square feet in Gulshan, and another 2,713.10 square feet of land in Gulshan residential area
The Criminal Investigation Department (CID) has seized assets worth Tk250 crore belonging to Salman F Rahman, vice chairman of Beximco Group, and his family members over a money laundering case.
According to a CID press release, Salman and one of his sons organised and exported goods to the UAE-based institutions under the guise of foreign trade with "the malicious intent of laundering money".
The assets seized are a total 1,967.919 decimal land in Dohar and Gulshan of Dhaka, a 6,189.54 square feet apartment in The Envoy building in Gulshan, and another 2,713.10 square feet of land on the six-storey triplex building in Gulshan residential area.
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The market value of the property is approximately Tk250cr, the CID said.
According to the agency, Salman laundered the money to Dubai through 21 LC/sales contracts in the name of two companies – Apollo Apparels Ltd and Kanchpur Apparels.
The money was laundered at various times between 2020 and 2024 through Saif Lounge and RR Global Trading FZE, both owned by his son and based in Dubai.
As part of the investigation into this, several of their assets located in Dhaka have been seized with the permission of the court, the CID said.
Earlier in December, the CID filed 17 cases against Ahmed Sohail F Rahman, chairman of Beximco Group, and Salman, along with their sons and 24 others, accusing them of laundering approximately Tk1,000 crore ($83 million) under the guise of export trade.
The CID's investigation, conducted under the Money Laundering Prevention Act, revealed that Salman and Ahmed Sohail allegedly laundered around $83 million through the export of goods, using 93 LCs from Janata Bank between 2021 and 2024. However, the proceeds from these exports were never repatriated to Bangladesh.
The case documents state that almost all of the exported goods were sent to Sharjah (UAE) and Saudi Arabian addresses of RR Global Trading, a joint venture owned by Salman's son Ahmed Shayan Fazlur Rahman and Ahmed Sohail's son Ahmed Shahriar Rahman.
Bangladesh's laws require repatriation of export proceeds within four months after export. The case documents allege that Salman and other Beximco stakeholders failed to meet this requirement, using the funds for personal gain and acquiring assets instead. This led to initial evidence of money laundering abroad.
