The Felony Investigation Division (CID) has launched an investigation in opposition to Nassa Community Chairman Nazrul Islam Mazumder, who modified into arrested final night, on allegations of laundering almost $3 million or some Tk35 crore to the united states below the pretext of export.
Nazrul is accused of the said crime through alternate-essentially essentially essentially based money laundering the utilize of Firoza Attire Ltd, a dispute of Nassa community, the CID said in a press observation issued at the recent time (2 October).
In line with the press observation, Firoza Attire exported goods to the US below 130 LCs/sales contracts opened with the National Bank Ltd all throughout the duration between March 2020 to 2024.
Nonetheless, preliminary investigation by the CID has printed that the firm did no longer repatriate $3 million in export proceeds for the goods contained in the stipulated time, the CID states, adding that the money modified into laundered to the US.
Along with, the CID has additionally bought allegations that Nazrul’s daughter Anika Islam has sold homes in London’s Phillimore Garden and Brunswick Garden the utilize of laundered money.
Nazrul is additionally accused of embezzling hundreds of crores of taka through responsibility evasions by bringing responsibility-free raw provides from abroad below the bond facility in the name of various organisations of Nassa Community and selling these goods in the home launch market, said the CID.
Furthermore, the utilize of his impact, he took a loan of about Tk21,000 crore in favour of 4 organisations linked to Nassa community below the pretext of import and export, and laundered hundreds of crores of taka to Dubai, United Kingdom, Thailand, Singapore and Canada through invoicing and over invoicing.
A separate investigation in opposition to the influential businessman is additionally underway by the monetary crimes waft of CID on these charges.
Nazrul, chairman and founding father of Nassa Community, led the Bankers Association of Bangladesh for almost 17 years all throughout the Awami League-led authorities since 2008.
He’s additionally the extinct chairman of Exim Bank.
Following the ouster of the AL-led authorities in early August, the central bank eradicated him and his wife Nasreen Islam from the bank’s board on 29 August.
Earlier on 25 August, the Bangladesh Financial Intelligence Unit (BFIU) ordered all banks to freeze the accounts of Nazrul and his wife.
