News Flash
DHAKA, July 14, 2025 (BSS) - The Criminal Investigation Department (CID) has arrested Khairul Bashar, chairman of the student consultancy firm BSB Global Network from the capital's Dhanmondi area in a money laundering case.
A Financial Crime Unit team of the CID arrested Basher from the Dhanmondi area of the capital this noon.
The CID filed the money laundering case under sections 4(2)/4(4) of the Money Laundering Prevention Act, 2012 with Gulshan Police Station on May 4 last, said a press release.
Preliminary investigation revealed that Bashar had been forming an organized fraud ring with his wife Khandaker Selima Rawshan and son Arsh Ibne Bashar for a long time.
Under the guise of 'higher education opportunities abroad', this gang embezzled crores of taka from hundreds of students from 2018 to 2024.
Using flashy advertisements, fake visa processing, and fake representation names of foreign universities, they collected money from students directly at the office and through various bank accounts.
Investigations show that many of the defrauded students did not apply to foreign institutions in their names, while many others fell victim to fraud while abroad and were in danger.
During the initial investigation of the case, information about embezzlement of crores of taka has been received from 448 victims so far.
However, the actual number is believed to be much higher. Many of the victims have filed complaints under the Negotiable Instruments Act, 1881 and other fraud and forgery cases.
The CID investigation also revealed that the accused withdrew the money collected from the customers through various bank accounts operated in their own names and those of others, and used it to purchase immovable properties, conduct business, and illegally transfer and convert money.
Many of the victims have been cheated and have filed multiple cases across the country, including with Gulshan (DMP) Police Station.
