Police have started an investigation into the allegations of laundering around Tk 1,13,245 crore by S Alam Group's chairman, Mohammed Saiful Alam, and his associates.
The Financial Crime unit of police's Criminal Investigation Department launched the probe on Saturday under the Money Laundering Prevention Act, 2009, said Md Azad Rahman, a special superintendent at the CID.
The allegations of money laundering around Tk 1,13,245 crore – Tk 95,000 crore from six banks and Tk 18,000 crore through offshore shell company – against Saiful Alam, his wife Farzana Parvin, sons Ahsanul Alam and Ashraful Alam, and other individuals linked to S Alam Group have initially been proven, said the official.
TT/MSU/NMA