Seized Tk500 crore assets of the chief of a Malaysian manpower export syndicate by CID
The Criminal Investigation Department (CID) of Bangladesh has seized assets worth approximately Tk500 crore belonging to Ruhul Amin, also known as Swapan, the chief of a syndicate involved in manpower exports to Malaysia.
The seizure order, approved by the Senior Special Judge's Court of the Dhaka Metropolitan Sessions Judge following a petition by CID's Financial Crime Unit in Dhaka, covers seven registered plots of land, totalling 231 kathas, in the names of Ruhul Amin's company, Catharsis International. These plots are located in Bashundhara Residential Area, Banani and Uttara.
The documented value of these plots is Tk15.55 crore. However, with establishments and structures built on them, the current estimated market value of the seized properties amounts to Tk500 crore.
Ruhul Amin and his associates are accused of embezzling approximately Tk8,000 crore. The embezzled funds were laundered into land and property purchases in Dhaka, making Ruhul Amin the owner of vast undeclared wealth.
The CID stated that investigations into Ruhul Amin and other members of the syndicate are still underway. The search results do not specify the names or details of other members in the syndicate led by Ruhul Amin involved in manpower export to Malaysia; only Ruhul Amin (Swapan) and his company Catharsis International are mentioned.
The CID will take appropriate legal action under the Money Laundering Act in connection with the offenses. The offenses are related to the embezzlement and laundering of approximately Tk8,000 crore by Ruhul Amin and his associates.
The CID press release stated this information on August 20, 20XX. The investigation into other members of the syndicate is ongoing without public disclosure of their identities.
Read also:
- United States tariffs pose a threat to India, necessitating the recruitment of adept negotiators or strategists, similar to those who had influenced Trump's decisions.
- Weekly happenings in the German Federal Parliament (Bundestag)
- Southwest region's most popular posts, accompanied by an inquiry:
- Discussion between Putin and Trump in Alaska could potentially overshadow Ukraine's concerns
