Dhaka: The Criminal Investigation Department (CID) has received approval to file charge sheets in 17 money laundering cases against Beximco Group Vice Chairman Salman F Rahman, Chairman ASF Rahman, and several others for allegedly laundering $97 million under the guise of foreign trade between 2020 and 2024.
According to Bangladesh Sangbad Sangstha, the CID’s Financial Crime Unit’s investigation revealed that the accused utilized 17 corporate entities, including Adventure Garments, Apollo Apparels, and Bextex Garments, to open letters of credit (LCs) or sales agreements through Janata Bank PLC’s Motijheel Branch. However, the export profits were not repatriated to Bangladesh, as noted in a CID press release.
Instead, the funds were allegedly channeled through RR Global Trading, a Dubai-based company registered in the names of Ahmed Shayan Fazlur Rahman and Ahmed Shahriar Rahman, sons of Salman F Rahman and ASF Rahman, respectively. The laundered money was routed to destinations such as Saudi Arabia, South Africa, the UK, the USA, Ireland, and the UAE.
In total, approximately $96.96 million (around Tk 12 billion) worth of exports were conducted, but the proceeds were never returned to the country. 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 assets of the accused, including land in Dohar (Dhaka district), a 6,189 sq. ft. flat in ‘The Envoy’ building, and a 2,713 sq. ft. triplex flat in Gulshan. Bank accounts of the accused have been frozen, and their foreign travel has been restricted. The total estimated value of the seized assets stands at Tk 600-700 crore.
Overall, 28 individuals and 19 organizations have been charged. Among them, Salman F Rahman remains in jail, while Wasiur Rahman, Managing Director of Autumn Loop Apparels, was arrested by CID in July 2025.