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The Criminal Investigation Department (CID) has filed a money laundering case involving Tk 1.15 billion against Unique Group Managing Director Md Noor Ali and his construction firm Borak Real Estate.
The case was lodged with Banani Police Station on Thursday, according to a media statement.
The case accuses the defendants of irregularities, fraud and money laundering linked to the “Banani Super Market cum Housing” project built on government land controlled by Dhaka North City Corporation in Banani.
According to the CID, preliminary investigations yielded evidence that the accused illegally laundered Tk 1.15 billion by operating a hotel business in the unauthorised building.
Although the contract for the DNCC-controlled land specified a 14-storey building, Borak Real Estate allegedly breached the terms by constructing a 28-storey tower, where the five-star hotel Sheraton Dhaka was later established.
According to CID findings, the company built the additional floors without approval and later revised the contract multiple times by using influence instead of completing the project within the stipulated period or handing over DNCC’s entitled share.
The case also alleges that necessary no-objection certificates from the Rajdhani Unnayan Kartripakkha (RAJUK) and the Civil Aviation Authority of Bangladesh (CAAB) were not obtained during construction.
Authorities claim the building exceeded the permitted height limit, raising concerns over risks and obstructions to aircraft take-off and landing operations.
bdnews24.com is seeking comments from Noor and Borak Real Estate over the allegations.
Noor rose to prominence in the 1980s through the overseas manpower export business.
Over the past four decades, he expanded operations into real estate, energy, hospitality, healthcare, agriculture, education, finance, technology and media.
In September last year, CID filed another case at Gulshan Police Station against him and 13 others over allegations of embezzling Tk 400 million through fraudulent recruitment to Malaysia and laundering the money abroad.