Regent Group Chairman, MD put on 8-day remand in money laundering case

A Dhaka court today placed Regent Group Chairman Mohammad Shahed on an eight-day remand in a money laundering case.

Dhaka Metropolitan Magistrate Ziaur Rahman passed the order as investigating agency CID produced the duo before the court and pleaded to place them on 10-day remand in the case lodged with Uttara West Police Station.

In the prayer, Inspector Moniruzzaman, also investigation officer of the case, said the accused amassed a big amount of money and laundered it through different channels. So, he needs to be remanded to get information on where he laundered the money, the IO added.

The court also showed Shahed arrested in a fraud case filed with the same police station.

CID inspector Ibrahim Hossain filed the case on August 25 for amassing Taka 11 crore through fraud and laundering the money abroad.

According to the prosecution, it was alleged that Shahed embezzled about Tk 12 crore from 2017 to 2020. He also embezzled Tk 7.9 crore from 10-12 different people and organisations from 2017 to 2020.

Shahed also embezzled about Tk 3 crore through Covid-19 test forgery in the last few months.

Shahed was arrested by RAB from Debhata upazilla of Shatkhira on the early hours of July 15 and was airlifted to the capital in the morning.