The CID’s Financial Crime Unit has received approval to submit charge sheets in court after completing the investigation into 17 cases against Beximco Group Vice Chairman Salman F Rahman and other associated individuals over laundering approximately $97 million.
The primary investigation revealed that Beximco Group Chairman ASF Rahman, Vice Chairman Salman F Rahman, and other associates were involved in this money laundering between 2020 and 2024 under the guise of foreign trade, using a total of 17 corporate entities, according to a press release issued by Dhaka Metropolitan Police.
The corporations used to carry out these transactions are: Adventure Garments, Apollo Apparels, Autumn Loop Apparels, Bextex Garments, Cosmopolitan Apparels, Cozy Apparels, Esses Fashion, International Knitwear And Apparels, Kanchpur Apparels, Midwest Garments, Peerless Garments, Pink Maker Garments, Platinum Garments, Skynet Apparels, Springful Apparels, Urban Fashions, and Winter Sprint Garments Limited.
The investigation further revealed that they arranged LCs or sales agreements through these entities from Janata Bank PLC, Motijheel Branch, Dhaka, but did not repatriate the earnings from the exports. In this manner, the earnings from exports were transferred through Dubai’s RR Global Trading to the United Arab Emirates, Saudi Arabia, South Africa, the UK, USA, Ireland, and other countries around the world. RR Global Trading is registered under the names of Ahmed Shayan Fazlur Rahman, son of Salman F Rahman, and Ahmed Shahriar Rahman, son of ASF Rahman.
Through this process, between 2020 and 2024, a total of $96.96 million (approximately Tk1,200 crore) was shown as exports, but the earnings from these exports were not repatriated to the country, ie, the money was laundered abroad by not repatriating the export proceeds. Regarding this incident, the CID, as the plaintiff, filed 17 money laundering cases at Motijheel Police Station on 17 and 18 September 2024.
Concerning these cases, the CID has already seized assets of the accused by court order. These include 2,000 shatak (unit) of land and structures thereon in Dohar Thana, Dhaka district; a 6,189.54 square foot flat in the Envoy building in Gulshan; and another 2,713 square foot triplex flat located at Plot No 31, Road 68/A in the Gulshan residential area.
Furthermore, upon application by the CID, relevant bank accounts have been frozen and their foreign travel has been restricted. The total current estimated value of the seized properties is approximately Tk600-700 crore.
In the aforementioned 17 cases, approval has been granted by the CID Chief for submitting charge sheets in the competent court under the Money Laundering Prevention Act, 2012, upon completion of the investigation against a total of 28 individuals, including Beximco Group Chairman ASF Rahman, Vice Chairman Salman F Rahman, Ahmed Shayan Fazlur Rahman, and Ahmed Shahriar Rahman, and a total of 19 others, on charges of money laundering abroad.
Among the accused, Salman F Rahman, who is currently in jail, has been shown as arrested in these cases, and the CID arrested Wasiur Rahman, the managing director and shareholder of the Beximco Group associate company Autumn Loop Apparels Limited, in July 2025.
The CID’s Financial Crime Unit has completed the process of submitting the charge sheets in court for the 17 filed cases, after concluding the investigation in the shortest possible time, following all appropriate procedures related to the investigation, including uncovering the incident of laundering approximately $97 million to various countries through trade-based money laundering.
The CID’s Financial Crime Unit has duly completed the duty assigned to it by concluding the investigation of 17 complex and time-consuming money laundering cases in the shortest possible time.
Such activities by the CID to bring various individuals and groups involved in state money laundering under the law and to protect the state’s financial interests are ongoing.
