Sadhik agro chairman sent to jail
Staff Reporter :
Imran Hossain, the Chairman of Sadhik Agro, who was arrested in a case involving the embezzlement of 133 crore Taka, has been denied bail and sent to jail by the court. The case, filed under charges of money laundering, was registered at the Mohammadpur Police Station in Dhaka.
Dhaka Metropolitan Magistrate M.A. Azharul Islam issued the order after the hearing on Tuesday (March 4). Imran was presented before the Chief Metropolitan Magistrate of Dhaka at 1:23 PM, and he was initially placed in the court’s holding cell. Later, at 3:00 PM, he was brought to the dock.
During the hearing, the investigating officer of the case, CID Police Inspector Md. Syedur Rahman, requested that Imran be remanded to jail. The defense filed a bail application, but the prosecution opposed it. After hearing both sides, the court rejected the bail plea and ordered Imran to be sent to jail.
Earlier, on March 3, CID Sub-Inspector Md. Jonayed Hossain filed a case at Mohammadpur Police Station. The case names Imran Hossain, Managing Director Touhidul Alam Zenith, and Sadhik Agro Limited as accused, along with 5-7 unidentified individuals.
The CID arrested Imran on the afternoon of March 3 in connection with the case.
The case alleges that Imran Hossain, Touhidul Alam Zenith, and Sadhik Agro Limited were involved in a criminal syndicate that engaged in smuggling, fraud, and forgery.
They illegally imported Brahma cattle without authorization and violated government regulations to launder approximately 86 lakh Taka abroad. They smuggled cattle and buffalo through the Teknaf and Ukhiya areas of Cox’s Bazar from Thailand and Myanmar into Bangladesh, selling them in the country. Additionally, they illegally imported small-sized Bhutanese cattle and sold them in Bangladesh.
The case further accuses them of misrepresenting local cattle as foreign and purebred and selling them at inflated prices during the Eid cattle markets, generating illicit profits. These funds, totaling around 121 crore 32 lakh 15 thousand 144 Taka, were allegedly transferred through various bank accounts owned by Imran and his associated companies.
Furthermore, the Customs House in Dhaka seized 15 Brahma cattle that were supposed to be slaughtered at the Savar Central Cattle Breeding and Dairy Farm under government instructions, to be sold at fair prices. However, the cattle were allegedly not slaughtered as claimed on paper, and the individuals involved fraudulently seized them.
The case also states that the illegally obtained money was invested in various businesses, including the company Jalalabad Metal Limited, where FDRs worth 11 crore 36 lakh 91 thousand 200 Taka were opened.
In total, Imran Hossain and his associates are accused of transferring, converting, and laundering nearly 133 crore 55 lakh 6 thousand 344 Taka through illegal means, violating government regulations and engaging in illicit foreign money transfers.