The Criminal Investigation Department (CID) on Thursday filed a money-laundering case against Rangdhanu Group Chairman Rafiqul Islam and several others on charges of laundering Tk878 crore.
CID filed the case under Section 4(2)(4) of the Money Laundering Prevention Act, 2012 with Gulshan Police Station following an investigation, said Jasim Uddin Khan, special superintendent of police of CID (Media).
CID has frozen around TK17 crore in 13 bank accounts and 100,000 square feet of commercial space at Level 02 of the Jamuna Future Park upon a court order, he said.
During the investigation, CID came to know that Rangdhanu Builders Private Ltd had purchased land from various persons or obtained power of attorney and sold it.
Rafiqul Islam’s son Kausar Ahmed Apu and Mehedi Hasan Dipu sold 7.5751 acres of land to Bangladesh Police Officers Multipurpose Cooperative Society on March 8, 2022.
Later, Apu and Dipu resold 6.3375 acres of land to Bashundhara Group’s East West Property Ltd using various documents and earned around Tk5.74 crore.
In addition, Rafiq fraudulently took a loan of Tk270 crore from Fast Security Islami Bank and Tk200 crore from the Union Bank.
He also took a loan of Tk400 crore by making a fake valuation copy from the Baridhara branch of Islami Bank.
Furthermore, he took a loan of Tk400 crore from various banks and has yet to repay the loan amount. He laundered the money and obtained citizenship of Antigua and Barbuda by investing $200,000.