Money Laundering: Four businessmen sent to jail

A court in Chattogram yesterday sent four businessmen to jail after they surrendered before the court in a money laundering and document forgery case.

The businessmen are: Md Mohiuddin Ahmed, managing director of TAM International ltd, and directors of the company Md Khurshed Alam, Md Asaduzzaman, and Wahid Ahmed. They are accused of laundering Tk 4.19 crore and forging documents in name of importing goods.

The court of Chattogram Metropolitan Session Judge Sheikh Ashfaqur Rahman sent the four to jail after they surrendered following completion of their six-week bail secured from the High Court, Public Prosecutor advocate Fakhruddin Chowdhury said.

On October 7, last year, Customs Intelligence and Investigation Directorate filed a case with Bandar Police Station against them. According to customs documents, TAM International ltd imported 14 consignments of 348.28 tonnes of “polyester yarn” and “spun polyester sewing thread” by forging documents in 2018.