The Criminal Investigation Department (CID) of police has submitted a three-day police remand application for Dilip Kumar Agarwala, Managing Director of Diamond World and Diamond World Limited, in a money laundering case.
State prosecution lawyer Mohammad Shamsuddoha Suman confirmed that the hearing will be held on Tuesday in the court of Dhaka Metropolitan Magistrate Ariful Islam.
According to the remand application, Detective Branch (DB) police detained him from the capital’s Banani Police Station area at around 6pm on Monday.
Following his handover to the CID, he was shown arrested in a related case filed with Gulshan Police Station. The application also noted that he was forwarded to the court after completing a medical examination.
Tk678 crore gold and diamonds
The police application stated that a CID inquiry verified information regarding the import, purchase, and transactions of gold and diamonds by institutions owned by Dilip Kumar Agarwala. During the verification, he failed to produce valid sources or relevant documents for purchasing gold and diamonds worth a total of Tk 678,19,14,014 (Tk 678 crore 19 lakh 14 thousand 14). The First Information Report (FIR) stated that these gold and diamonds were acquired through illegal smuggling and laundered.
Case filed in 2025, investigation ongoing
According to information cited in the application, case documents state that the case was filed with Gulshan Police Station on 17 November 2025, under Sections 4(2) and 4(4) of the Money Laundering Prevention Act, 2012. The case is currently under investigation. The CID stated in its application that intensive questioning of Dilip Kumar Agarwala is required to collect and review case evidence as well as to verify the truth of the money laundering allegations.
