The Criminal Investigation Department’s (CID) Financial Crime Unit has obtained approval to submit charge sheets in 17 cases against Beximco Group Vice Chairman Salman F Rahman and others for allegedly laundering around Tk 1,200 crore abroad under the guise of foreign trade.
During the investigation, CID found that Beximco Group Chairman ASF Rahman, Vice Chairman Salman F Rahman, and several associates were involved in laundering the money between 2020 and 2024 through 17 companies linked to the group, special police super of the CID (media) Jasim Uddin Khan said on Sunday.
The companies include Adventure Garments, Apollo Apparels, Autumn Loop Apparels, Bextex Garments, Cosmopolitan Apparels, Cozy Apparels, Esses Fashion, International Knitwear and Apparels, Kanchpur Apparels, Midwest Garments, Peerless Garments, Pink Maker Garments, Platinum Garments, Skynet Apparels, Springful Apparels, Urban Fashions and Winter Sprint Garments Limited.
CID said these firms arranged letters of credit (LCs) and sales agreements through Janata Bank PLC’s Motijheel branch for export purposes. However, the foreign currency earned from those exports was never brought back to Bangladesh.
Instead, the export proceeds were reportedly transferred through RR Global Trading, a Dubai-based company owned by Ahmed Shayan Fazlur Rahman, son of Salman F Rahman, and Ahmed Shahriar Rahman, son of ASF Rahman. From there, the money was moved to Saudi Arabia, South Africa, the UK, the USA, Ireland and other countries, the CID official said.
A total of 17 money laundering cases were filed with Motijheel Police Station on September 17 and 18, 2024, following the investigation.
The court has already ordered the attachment of several assets belonging to the accused, including 2,000 decimals of land with structures in Dohar, a 6,189 sq ft flat in ‘The Envoy’ building in Gulshan, and a 2,713 sq ft triplex flat on Plot 31, Road 68/A, Gulshan.
Authorities have also frozen multiple bank accounts and imposed travel bans on the accused. The estimated value of the seized assets is around Tk 600–700 crore, according to the CID.
Among the accused, Salman F Rahman, who is currently in jail, has been shown arrested in these cases. Wasiur Rahman, managing director and shareholder of Autumn Loop Apparels Ltd, was arrested by the CID in July 2025.
The CID said it is continuing its efforts to bring those involved in state-related money laundering under the law and to safeguard the country’s financial interests.