CID files Tk115 crore money laundering case against Unique Group chief Noor Ali
According to CID, the accused allegedly laundered over Tk115.58 through operating hotel business activities in an unauthorised building.
The Criminal Investigation Department (CID) has filed a money laundering case against Unique Group Chairman Mohammad Noor Ali and his construction firm Borak Real Estate Pvt Ltd over alleged irregularities, fraud and money laundering of Tk 115 crore linked to the "Banani Super Market cum Housing" project on government land controlled by the Dhaka North City Corporation (DNCC) in the capital's Banani area.
The case was filed with Banani Police Station on 7 May 2026, under sections 4(2) and 4(4) of the Money Laundering Prevention Act, 2012.
CID Special Police Super (media and public relations) Jasim Uddin Khna confirmed the filling of the case.
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According to CID, the accused allegedly laundered over Tk115.58 through operating hotel business activities in an unauthorised building.
Following a preliminary inquiry, CID found evidence of illegal earnings, transfer, conversion and concealment of the money through various means.
Investigators said Borak Real Estate was originally permitted to construct a 14-storey building under the agreement for the project.
However, the company allegedly violated the contract terms and constructed a 28-storey building without approval. Later, a five-star hotel, "Sheraton," was established in the building.
CID further alleged that the project was not completed within the stipulated time and that DNCC was not provided its due share from the project. Instead, the accused allegedly used influence on multiple occasions to revise the contract terms in their favour.
The inquiry also revealed that the required no-objection certificates from RAJUK and the Civil Aviation Authority of Bangladesh (CAAB) were not obtained before constructing the high-rise building. Investigators warned that the excessive height of the structure could create risks and obstacles for aircraft take-off and landing operations.
CID said the amount of laundered money could increase further after determining the actual market value of the allegedly occupied property during the course of the investigation.
Financial Crime Division of CID is currently conducting the investigation.
The agency said its investigation and operations are continuing to uncover full details of the offence and arrest those involved.
