Hearing on money laundering case charge-sheets against Salman on Wednesday
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The Dhaka Chief Metropolitan Magistrate Court is scheduled to hold a hearing on Wednesday on the acceptance of charge sheets in nine money laundering cases against Beximco Group Vice-chairman Salman F Rahman and others.
The Financial Crime Unit of the Criminal Investigation Department (CID) submitted the charge-sheet on November 11, following a months-long probe into alleged foreign trade-based money laundering.
Earlier on November 9, CID obtained approval to file charge sheets in 17 money laundering cases against Salman F Rahman, Beximco Group Chairman Ahmed Sohail Fasihur Rahman [ASF Rahman], and several others for allegedly laundering USD 97 million between 2020 and 2024.
According to CID, the accused used 17 corporate entities-- including Adventure Garments, Apollo Apparels, Bextex Garments and others-- to open letters of credit (LCs) or sales agreements through Janata Bank PLC's Motijheel Branch.
However, export proceeds were allegedly not repatriated to Bangladesh.
CID says the funds were instead routed through RR Global Trading, a Dubai-based company registered under the names of Ahmed Shayan Fazlur Rahman and Ahmed Shahriar Rahman, sons of Salman F Rahman and ASF Rahman respectively.
The laundered money was then transferred to destinations including Saudi Arabia, South Africa, the United Kingdom (UK), the United States of America (USA)), Ireland and the United Arab Emirates (UAE).
Following the investigation, CID filed 17 cases with Motijheel Police Station on September 17-18, 2024, under the Money Laundering Prevention Act, 2012.
On court orders, CID has attached several properties of the accused, including land in Dohar (Dhaka district), a 6,189 sq ft flat in 'The Envoy', and a 2,713 sq ft triplex flat in Gulshan. Bank accounts of the accused have been frozen and their foreign travel restricted.
The total estimated value of the seized assets is Taka 600-700 crore.
In all, 28 individuals and 19 organisations have been charged. Salman F Rahman remains in jail while Wasiur Rahman, managing director (MD) of Autumn Loop Apparels, was arrested by the CID in July 2025.