Laundering Tk 378.09cr: Customs intelligence sues Rupali Leatherwear chair
Customs Intelligence and Investigation Directorate (CIID) yesterday filed a case against 15 individuals, including Rupali Composite Leatherwear Chairman MA Kader, for allegedly laundering about Tk 378.09 crore from Janata Bank.
CIID’s Assistant Director Abdullah Al Mamun filed the case with Chawkbazar Model Police Station.
On January 30, CIID arrested Kader in connection with three separate cases filed with Chawkbazar Police Station in the capital over laundering Tk 919 crore.
Other accused in the case are: managing director of Rupali Composite Leatherwear and Kader’s wife Sultana Begum; Janata Bank’s general mangers -- Jakir Hossain, Fakhrul Alam and Rezaul Karim; the bank’s deputy general managers -- Kazi Rois Uddin Ahmed, AKM Asaduzzman, Muhammad Iqbal; senior principal officers -- Ataur Rahman Sarkar, Khairul Amin and Mogreb Ali; principal officer Muhammad Ruhul Amin; and senior officers -- Abdullah Al Mamun, Moniruzzaman, Saiduzzaman.
CIID in its enquiry found that Janata Bank’s Chwakbazar branch had bought 192 export bills worth Tk 382.1 crore from Rupali Composite Leatherwear Ltd and gave the same amount to Rupali as loan on condition that the money would be repatriated within four months.
But, Kader only repatriated two bills worth about Tk 4 crore in seven months till October 2018.
To date, the rest 190 bills worth about TK 378 crore has remained non-repatriated.
According to Bangladesh Bank’s Guidelines for Foreign Exchange Transactions, exporters are obliged to repatriate bills within four months of shipping goods. Bank officials and exporters are liable to punishable offence for failure to repatriate money within the time.
ACC on February 10 filed five cases against Kader, also chairman of crescent group, for allegedly misappropriating about Tk 1,746 crore from the Janata Bank.
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