Tk115cr laundering case against Noor Ali

The Criminal Investigation Department (CID) has initiated a money laundering case against Unique Group Chairman Mohammad Noor Ali and Borak Real Estate Pvt Ltd over alleged financial irregularities and misuse of government land linked to the “Banani Super Market cum Housing” project in Dhaka’s Banani area.

The case, filed at Banani Police Station on May 7, 2026, was lodged under sections 4(2) and 4(4) of the Money Laundering Prevention Act, 2012, CID officials confirmed.

According to CID, more than Tk 115 crore was allegedly laundered through unauthorized hotel operations inside a building constructed on the project site under Dhaka North City Corporation (DNCC).
Investigators claim that although Borak Real Estate was originally approved to build a 14-storey structure, it allegedly constructed a 28-storey building without proper authorization and later operated a five-star hotel named “Sheraton” there.

The probe also found that the project exceeded the approved timeline, while DNCC reportedly did not receive its rightful share. CID further alleges that the terms of the agreement were repeatedly altered in favor of the accused through influence.

Officials added that required approvals from RAJUK and the Civil Aviation Authority of Bangladesh (CAAB) were not obtained, raising concerns over aviation safety due to the building’s excessive height.

CID said the amount involved may increase further as the investigation continues and the actual value of the occupied property is assessed. The Financial Crime Division is currently handling the case and further actions are underway.