CID seizes Tk500cr assets of Malaysian manpower export syndicate chief
According to investigators, Ruhul Amin and his associates embezzled approximately Tk8,000 crore by forming a syndicate to exploit workers seeking employment in Malaysia.
The Criminal Investigation Department (CID) has seized assets worth around Tk500 crore belonging to Ruhul Amin, also known as Swapan, chief of a syndicate involved in manpower exports to Malaysia.
According to investigators, Ruhul Amin and his associates embezzled approximately Tk8,000 crore by forming a syndicate to exploit workers seeking employment in Malaysia.
The funds were laundered into land and property purchases in Dhaka, making Ruhul the owner of vast undeclared wealth, said a CID press release today (20 August).
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Following a petition by CID's Financial Crime Unit in Dhaka, the Senior Special Judge's Court of the Dhaka Metropolitan Sessions Judge approved the seizure order.
The court order covers seven registered plots of land, totalling 231 kathas, in the names of Ruhul Amin's company, Catharsis International, located in Bashundhara Residential Area, Banani and Uttara. The documented value of the plots is Tk15.55 crore.
However, with establishments and structures built on them, the current estimated market value of the seized immovable properties amounts to Tk500 crore, CID officials stated.
CID added that investigations into Ruhul and other members of the syndicate are still underway.
"Appropriate legal action under the Money Laundering Act will be taken in connection with the offences," the release added.
