Staff Reporter :
The Criminal Investigation Department (CID) of the police has commenced an investigation into allegations of money laundering against Dilip Kumar Agarwala, the Managing Director of Diamond World, along with other stakeholders associated with the business.
Confirming the development on Tuesday, CID’s Superintendent of Police (Media), Azad Rahman, informed the media that the department’s financial crime unit has initiated a probe into various accusations that have emerged against Agarwala.
The allegations include the illegal transfer of significant amounts of money abroad through the smuggling of gold and diamonds into the country.
Additionally, Agarwala is accused of selling high-quality glass pieces as real diamonds in showrooms across different districts, controlling gold smuggling syndicates in Dubai, the UAE, and Singapore, and owning three jewellery shops and eleven houses in Kolkata, India.
Further accusations involve the accumulation of vast properties in Dubai and Canada, and illegally becoming a director of a bank by investing Tk40 crore through fraudulent means.
Recently, several media outlets have published reports exposing the alleged gold smuggling and fake diamond business that Dilip Kumar Agarwala has reportedly been operating for years.