June 15, 2016
CIID Director General Moinul Khan told bdnews24.com that this is first such lawsuit filed under the Money Laundering Prevention Act under the jurisdiction of the National Bureau of Revenue (NBR). A guilty finding will carry a minimum imprisonment for four years and maximum 12 years.
“In addition to that, he will pay a fine equivalent to twice the value of the property involved in the offence or Tk 1 million, whichever is greater,” according to Section 4.
Moinul Khan said they were conducting raids to arrest Shahidul Islam. “We’ll take action against anyone involved with him in the money laundering.” NBR officials say the factory Islam owns does not exist at the given address in Mirpur’s Senparha Parbata. Islam lives in Uttara. According to case details, Islam’s factory exported 297 consignments between 2010 and 2015 abroad, but did not bring in any foreign currency.
The CIID DG said customs intelligence officials seized seven containers destined for export at Chittagong Port in December last year. They found that their documents including the letter of credits had been forged. The payments, foreign currency that should have come to Bangladesh against the exported goods, for these consignments had been transferred illegally to bank accounts on foreign soil, he added. Khan said SN Design Limited had apparently exported various kinds of clothing to the Philippines and United Arab Emirates.