A Dhaka court on Tuesday placed Khairul Bashar Bahar , chief executive officer (CEO) of overseas education consultancy farm, ‘BSB Global Network’, on a 10-day remand in a money laundering case.
Dhaka Additional Chief Metropolitan Magistrate Md Sanaullah passed the order when police produced him before the court with a 10-day remand prayer.
Bashar’s lawyer filed a petition seeking his bail.
Earlier on Monday, members of Criminal Investigation Department (CID) arrested Khairul from Dhanmondi area of the capital.
According to the case statement, Bashar along with his wife and son allegedly lured hundreds of students and their guardians with false promises of overseas education opportunities from January 2018 to December 2024 and embezzled Tk 18.29 crores.
A number of cases have already been filed across the country including at Gulshan Police Station under charges of fraud and forgery.
According to CID, the embezzled funds were withdrawn through accounts held in the names of the accused and others and the money was used to purchase properties, run businesses and facilitate illicit financial transfers.