Conspectus: CID seizes flats of Bashar

City Desk:

The Criminal Investigation Department has seized three flats belonging to MK Khairul Bashar, Chairman of BSB Global Network, who was arrested in a money laundering case.

The Dhaka Metropolitan Senior Special Judges’ Court issued the order on Thursday following a petition filed by the CID, the agency said in a media statement issued, reports bdnews24.com.
The combined value of the seized flats is nearly Tk 40 million, the statement added.

The CID said Bashar is under investigation for amassing a large volume of assets through “fraudulent”activities.

Evidence uncovered during the inquiry led to a case being lodged against him under the MoneyLaundering Act at Gulshan Police Station on May 4, it added.

He was arrested in Dhaka’s Dhanmondi on Jul 14 in connection with the case.

The CID press note read: “Under the cover of being an educationist and businessman, Bashar used the name BSB Global Networks to operate as part of an organised fraud ring.

“He defrauded ordinary students of billions of taka and became the owner of massive assets,” it added.