CID arrests BSB Global Network Proprietor Khairul Bashar in money laundering case
The Criminal Investigation Department (CID) of Dhaka Metropolitan Police has arrested Khairul Bashar Bahar, the proprietor of BSB Global Network, in a money laundering case.
A team, led by the Special Superintendent of Police at CID's Financial Crime Unit, Mohammad Abul Kalam Azad, arrested Bashar in the capital's Dhanmondi area today (14 July).
An initial investigation revealed that Bashar, along with his wife Khandaker Selima Rawshan and son Arsh Ibn Bashar, had been running an organised fraud ring for a long time. The ring embezzled crores of taka from hundreds of students and their guardians from 2018 to 2024 on the promise of facilitating higher education abroad.
Keep updated, follow The Business Standard's Google news channel
The investigation found that in many cases no applications were made to foreign institutions for the students, and in other situations, many students were exploited through fraud after they went abroad.
Findings of the initial investigation suggest that crores of taka were misappropriated from 448 individuals so far. The actual number of victims, however, is believed to be much higher.
Many of the victims have filed cases in this connection at various police stations, including the Gulshan station.
The investigation into the case, filed under the Money Laundering Prevention Act, is currently ongoing.
