Ex-secretary Mannan, family sued over laundering Tk40cr thru shell companies
Primary investigation found that two shell companies, Meghmala International Ltd in the name of Israt Jahan Mim and Meghmala Estate Ltd in the name of Morsalin Islam Sourdip, were established
The Financial Crime Unit under the Criminal Investigation Department (CID) of police has filed a case against former secretary and former executive member of the Bangladesh Investment Development Authority (Bida) Md Khairul Islam (Mannan), his wife and son over allegations of laundering Tk40 crore.
The case was filed with Gulshan Police Station of Dhaka Metropolitan Police (DMP) against Khairul Islam, his wife Israt Jahan Mim and their son Morsalin Islam Sourdip after primary findings revealed their alleged involvement in fraud and money laundering in collusion with each other.
Primary investigation found that two shell companies, Meghmala International Ltd in the name of Israt Jahan Mim and Meghmala Estate Ltd in the name of Morsalin Islam Sourdip, were established.
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Through these entities, loans of Tk20 crore each, totaling Tk 40 crore, were taken from the Gulshan branch of First Security Islami Bank PLC in 2012 through fraud and forgery.
The investigation also revealed that the loan money was transferred and layered through various accounts to conceal its actual source.
The loan amount obtained through the fake companies was deposited in an account of Morsalin Islam Sourdip at the Dhanmondi branch of First Security Islami Bank PLC.
Later, Tk40 crore was debited from that account and deposited into another account titled "Union Bank (Proposed)" at the Banasree branch of First Security Islami Bank PLC.
CID's investigation further found that Morsalin Islam Sourdip purchased sponsor shares of Union Bank PLC during its inception using the fraudulently obtained loan money.
A press release issued by the CID's Special Superintendent of Police (Media) Jasim Uddin Khan, states the Financial Crime Unit of CID is currently conducting the investigation into the case.
He said the investigation and inquiry are continuing to uncover the full details of the crime and complete other legal procedures.
He also said the agency is giving highest priority to prevent money laundering and financial crimes and will continue its investigation to bring those involved in such offences under the law.
