A Dhaka court has granted a 10-day remand for MK Khairul Bashar Bahar, chairman of the student consultancy firm BSB Global Network, in connection with a fraud case.
Bashar is accused of embezzling huge amount of money from individuals by falsely promising them opportunities for higher education abroad.
Dhaka Additional Chief Metropolitan Magistrate Sanaullah passed order on Tuesday after the police filed a petition requesting the remand for further interrogation.
According to the petition, Bashar and his associates allegedly swindling around Tk 18.29 crore from 141 people by promising student visas to different countries such as the United States, Canada, and Australia.
However, the initial investigation suggests that the total amount involved in the scam could exceed Tk 53 crore, with at least 448 victims identified so far. The actual number of victims, however, is believed to be much higher.
Bashar, arrested by Criminal Investigation Department (CID) officers from the Dhanmondi area on July 14, faces multiple charges of fraud and embezzlement, with several cases already filed against him and his accomplices in different police stations.
CID has registered a case under Sections 4(2)/4(4) of the Money Laundering Prevention Act, 2012 (amended 2015) after confirming prima facie evidence. Investigations are ongoing.
Meanwhile, the investigation into a case, filed under the Money Laundering Prevention Act, is underway.