Regent’s Shahed remanded for 8 days

A Dhaka court yesterday placed Regent Group Chairman Mohammad Shahed and its Managing Director Masud Parvez on an eight- day remand each in connection with a money laundering case.

Dhaka Metropolitan Magistrate Md Ziaur Rahman passed the order after Mohammad Moniruzzaman, an inspector of Criminal Investigation Department (CID) of police and also the case's investigation officer, produced the duo before the court with a 10-day remand prayer each. Before that, Shahed was shown arrested in six other fraud cases filed with Uttara Paschim Police Station in July and August.

On August 25, CID Inspector Mohamnad Ibrahim filed the money laundering case with Uttara Purba Police Station.

According to the prosecution, it was alleged that Shahed  embezzled about Tk 12 crore from 2017 to 2020. He 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 past few months. He was transacting the money with 43 bank accounts which he opened after names of Regent Hospital, Regent KCS Limited and 12 other companies which barely existed.

Shahed was arrested on July 15 from Satkhira when he was trying to leave the country while Masud was arrested from Gazipur on July 14.