Staff Reporter :
The Criminal Investigation Department (CID) has seized property valued at approximately Tk 250 crore belonging to Salman F Rahman, vice-chairman of Beximco Group, and his family members in connection with a money laundering case.
According to CID sources, Salman F Rahman, through two companies-Apollo Apparels Limited and Kanchpur Apparels Limited-exported goods worth $2,601,498 to RR Global Trading FZE, a company owned by his son, Ahmed Shahriar Rahman, located in Sharjah, United Arab Emirates.
These exports, conducted through 21 letters of credit (LCs) and sales contracts between 2020 and 2024, are alleged to be part of a money-laundering scheme.
Under court orders, the CID seized several properties in relation to the case, including approximately 2,000 decimals of land and structures in the Dohar area of Dhaka district.
Other seized assets include a flat in Dhaka’s Gulshan 2, registered under Ahmed Shahriar Rahman, who is a named accused in the case, and a duplex flat on Road No. 68/A in Gulshan. The total market value of the seized properties has been estimated at Tk 250 crore.
It is noteworthy that the CID has filed 17 cases against Salman F Rahman and his associates for laundering $83 million through trade-based money laundering across multiple countries. The investigation is ongoing.
The case documents state that almost all of the exported goods were sent to Sharjah (UAE) and Saudi Arabian addresses of RR Global Trading, a joint venture owned by Salman’s son Ahmed Shayan Fazlur Rahman and Ahmed Sohail’s son Ahmed Shahriar Rahman.
Bangladesh’s laws require the repatriation of export proceeds within four months after export.
The case documents allege that Salman and other Beximco stakeholders failed to meet this requirement, using the funds for personal gain and acquiring assets instead. This has led to initial evidence of money laundering abroad.
