The CID has seized 3 flats, valued at approximately Tk4 crore, owned by Md Khairul Bashar Bahar, owner of BSB Global Networks.
On Thursday, upon CID’s application, the Senior Special Judge Court has issued an order to seize the said flats registered in the name of Md Khairul Bashar Bahar and to appoint a receiver.
According to a press statement, while investigating the matter of acquiring substantial assets through fraud, the CID obtained preliminary evidence and a case was filed against the accused person at Gulshan (DMP) Police Station, Case No.-05, Date-04/05/2025, under Sections 4(2)/4(4) of the Money Laundering Prevention Act, 2012 (Amendment-2015). Subsequently, the accused Md Khairul Bashar Bahar was arrested by the CID from the Dhanmondi police station area on 14 July in the money laundering case and was produced before the learned court.
The accused person, Md Khairul Bashar Bahar, used to introduce himself as an educationist and businessman. However, under this guise, with the assistance of an organised fraud syndicate through an entity named BSB Global Networks, he embezzled hundreds of crores of taka through deception from ordinary students and became the owner of substantial assets.
Md Khairul Bashar Bahar and his associates used to advertise enticing offers to send ordinary students to educational institutions in various countries, including the US and Canada, for higher education at low cost and within a short time. In this manner, preliminary evidence has been found of embezzling crores of taka through conspiracy and deception from ordinary students and their guardians.
During the preliminary investigation of the case, it was discovered that the accused person became the owner of 3 flats using the proceeds acquired through fraud, whose current market value is approximately Tk4 crore. Upon the CID’s application, the Senior Special Judge Court has issued an order to seize the said flats registered in the accused’s name and to appoint a receiver.
Currently, the investigation of the case is being conducted by the Financial Crime Unit. The investigation of the case is ongoing, and searches are being conducted for movable and immovable properties in the names of the persons associated with the allegations across the country. The CID’s investigation and operations continue in the interest of fully uncovering the details of the crime, identifying and arresting other members.
