Hadi murder prime accused Faisal might have investments in Dubai: CID
The CID has frozen 53 bank accounts linked to Faisal and is investigating Tk3.52 crore in transactions and suspected investments in Dubai.
The Criminal Investigation Department (CID) of the police has uncovered information suggesting possible illicit investments by Faisal Karim Masud, the prime accused in the murder case of Inqilab Mancha spokesperson Sharif Osman Bin Hadi, in Dubai, United Arab Emirates, as it investigates the sources of his funds and assets.
After freezing 53 bank accounts held in the names of Faisal, his wife, and entities linked to them in Bangladesh, the agency has now begun verifying information on assets he may hold abroad.
The CID's Financial Crime Unit is also investigating the possibility of Faisal making illicit investments and laundering money through the United Arab Emirates.
Yesterday (23 September), the CID filed a money laundering case at Adabar Police Station in Dhaka against Faisal, also known as Rahul and Daud, his wife Shaheda Parvin Samia, and two or three unidentified individuals.
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A sub-inspector of the CID's Financial Crime Unit filed the case, Mohammad Moniruzzaman, special police superintendent (SSP) of the CID's Financial Crime Division, confirmed.
According to the case documents obtained by The Business Standard, information on Faisal's illicit assets emerged during an investigation into several of his bank accounts and the transactions conducted through them. He holds a multiple-entry tourist visa for the United Arab Emirates and returned to Bangladesh from the UAE on 12 February 2023.
53 bank accounts frozen
An additional superintendent of police of CID, requesting anonymity, told TBS that the investigation found Faisal had concealed the sources of funds held through bank accounts in his and his wife's names, as well as through entities linked to their interests.
The investigation found that Faisal opened a fixed deposit receipt (FDR) worth Tk65 lakh in his wife's name on 4 November 2025.
A total of 53 bank accounts held in the names of Faisal, his wife, and entities linked to them have already been frozen.
According to the case documents, the transactions in these accounts were reviewed to gather information on the sources, and movement and use of the funds.
The possibility of transferring money abroad and making investments overseas has also been brought under investigation.
Tk3.52 crore in transactions in two months
The CID has specifically reviewed transactions in one of Faisal's bank accounts.
According to the documents, Faisal opened the account at a private bank's Rupnagar branch on 18 September 2025. He identified information technology, consultancy, and training as the nature of his business. Although he declared an annual turnover of Tk1.20 crore when opening the account, transactions totalling Tk3.52 crore were conducted through it within the following two months.
According to investigators, the account showed relatively limited cash withdrawals but significant clearing and fund-transfer activity.
The case documents also state that discrepancies were found between the nature of the business declared when the account was opened, the pattern of transactions, and the information in the trade licence.
Tk57 lakh through forged tenders?
According to CID, it's investigation has also uncovered information about an agreement between Apple Soft IT, owned by Faisal, and Pinnacle Solution International.
According to the investigation documents, Faisal's company proposed jointly undertaking three government projects with Pinnacle Solution. Subsequent investigation found that the proposals for the three government tenders had allegedly been fabricated through fraud.
However, Faisal allegedly received Tk57.25 lakh in his bank account on the pretext of jointly undertaking the projects, found the investigation.
The CID documents further state that Faisal allegedly collected money from various individuals and organisations by offering purported opportunities involving forged tenders under the guise of his contracting business. He has also been accused of taking goods on credit and failing to settle outstanding payments with the parties concerned.
Flees after Hadi murder case
Sharif Osman Bin Hadi rose to prominence as the spokesperson of Inqilab Mancha following the 2024 July Uprising.
He led various programmes demanding the preservation of the memories of July, state recognition for those killed and injured during the movement, and the July Declaration.
Hadi was shot in the capital's Purana Paltan area on 12 December 2025. He died six days later while undergoing treatment in Singapore.
Faisal subsequently emerged as the prime accused in the murder case and has remained on the run since then. He is currently in police custody in India.
