Rangdhanu Group chairman Rafiqul -Photo: Collected

DHAKA, Aug 7, 2025 (BSS) – The Criminal Investigation Department (CID) today filed a money laundering case against several individuals mentioning names of five including chairman of Rangdhanu Group Rafiqul Islam on charges of laundering money amounting to TK  878 crore. 

The CID filed the case under Section 4(2)(4) of the Money Laundering Prevention Act, 2012 with Gulshan Police Station today following an investigation, Special Superintendent of Police of CID (Media), Jasim Uddin Khan told BSS.
 
The CID has attached around TK 17 crore in 13 bank accounts and 100,000 square feet of commercial space at Level 02 of the Jamuna Future Park upon a court order, he said. 

During the investigation, the CID came to know that Rangdhanu Builders Private Ltd. purchased land from various persons or obtained power of attorney and sold it. 

Rafiqul Islam's son Kausar Ahmed Apu and Mehedi Hasan Dipu sold 7.5751 acres of land to Bangladesh Police Officers Multipurpose Cooperative Society on March 8 in 2022. 

 Later, Rafiqul Islam's son Kausar Ahmed Apu and Mehedi Hasan Dipu resold 6.3375 acres of land to Bashundhara Group's East West Property Ltd. on various documents and earned around TK  5.74 crore. 

In addition, by showing a fake work order for sand filling in the Police Officers Multipurpose Cooperative Society, he fraudulently took a loan of TK 270 crore from Fast Security Islami Bank and TK  200 crore from the Union Bank. 
 
He took a loan of TK 400 crore by making a fake valuation copy from the Baridhara branch of Islami Bank. 

In addition, he took a loan of TK 400 crore from various banks and without repaying the loan amount. He laundered the money and obtained citizenship of the Caribbean island country Antigua and Barbuda by investing US $200,000.

Such fraud, forgery and money laundering are crimes under Sections 2(5)(6)(14) of the Money Laundering Prevention Act, 2012 (Amendment 2015).