CID sues Tajul for money laundering | 2019-07-15

CID sues Tajul for money laundering

Staff Correspondent

14th July, 2019 11:02:42 printer

Criminal Investigation Department (CID) has filed a case against chairman of Aziz Co-operative Commer-ce and Finance Credit Society Limited M Tajul Islam for allegedly embezzling Tk 300 crore of customers and on charge of money laundering.

A team of CID led by Md Kamruzzaman, special superintendent of police at Dhaka South CID, arrested Tajul Islam, 69, from the capital’s Motijheel area on July 10.

Tajul Islam amassed Tk 300 crore of 11,425 customers, which was collected from 80 branches of his company, CID’s special superintendent police (SSP) Molla Nazrul Islam said while briefing the journalist at its Headquarters in the capital on Sunday morning.

Aziz Co-operative Commerce and Finance Credit Society Limited had approval from the Department of Cooperatives for only 26 branches, the CID official said.

In primary investigation, law enforcers also found evidence that Tajul Islam siphoned off the customers' money, around a hundred crore, to Canada, Molla Nazrul said.

On July 11, a Dhaka court put Tajul Islam on two days’ remand in a case filed in connection with embezzling Tk 16 lakh.

 


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