S Alam's money laundering investigation has stalled at the start. The investigation into their money laundering has been stalled in the CID for more than a month. Behind this is the influence and dominance of the S Alam Group itself. An influential group is cooperating in this. CID officers investigating money laundering and supervising officers have been transferred for not giving importance to the wishes of those quarters in the investigation. They have been asked to quickly explain their search operations to other officials.
On August 31, CID launched an investigation against S Alam Group for smuggling Tk 1 lakh 13 thousand 245 crore abroad. The leader and owner of the group. Saiful Alam, his wife Farzana Parveen, son Ahsanul Alam, Ashraful Alam and their associates are accused of laundering this money.
A source at the CID headquarters said that the CID started an investigation against S Alam on August 31. Monir Hossain, inspector of financial crime of CID, was appointed as the investigating officer. Special Superintendent of Police (SS) Md. Sarwardi Hossain and Additional DIG Humayun Kabir. They searched from last September to October 12. After October 12, these three officers were transferred at different times.
The source said that Additional DIG Humayun Kabir has been posted to Chittagong, SS Md. Sarwardi Hossain was transferred to RAB and investigation officer Monir Hossain to Shilpa Police. The investigation into money laundering allegations has been stalled since October 12 as all three officers were transferred. The investigating officer is now in the process of handing over the investigation to another person.
According to CID sources, S Alam Group is trying to influence money laundering investigation in various ways in the country and abroad. A top police officer is said to be behind the transfer of investigating officers. Allegedly, he asked to proceed on a 'slow' basis in the investigation of S Alam. The entire investigation team has been transferred for not listening to him. It is also alleged that three-four other officials are working behind the scenes.
Recently, Saiful Alam, the leader of S Alam Group, threatened to file a case against the Bangladesh government by identifying himself as a citizen of Singapore. Apparently, S Alam Group is trying to exert pressure on the interim government through various processes.
An official of CID's financial crime unit said on condition of anonymity that the unit is investigating S Alam's family and the companies owned by them. The extent of the organization's irregularities and money laundering is so great that it is a big challenge to collect and search information about it from the country and abroad. Such interference in him will make the task more difficult.
CID has already written to Bangladesh Bank, NBR and the business group seeking information about S Alam. However, the group is yet to respond to any letter. The investigation officers of the CID say, seeing the situation, they are losing the motivation to investigate the money laundering of this controversial tycoon.
CID Spokesperson and Special Superintendent of Police Azad Rahman, however, said that the investigation is ongoing. According to him, as the investigation officer is being transferred, the proceedings are being explained to another officer, which is normal.
The CID initially started an investigation against S Alam Group for allegedly smuggling Tk 1 lakh 13 thousand 245 crores abroad. Initial investigation claimed that the leader of the group, Saiful Alam, his wife Farzana Parveen and two sons had laundered the money in Southeast Asia including Singapore, Malaysia, Cyprus and Europe. It is believed that with this huge amount of smuggled money, they have conducted business in the name of individuals and organizations apart from buying immovable assets. Canaly Logistics Private Limited with a paid up capital of Tk 245 crore 74 lakh has been established in Singapore with their smuggled money. Apart from this, he embezzled Tk 95 thousand crores of loans taken from six banks anonymously by creating fake documents, forgery and fraud and smuggled them abroad. 18000 crore rupees have been laundered through offshore banking by opening a reputed company (shell company) abroad. This huge amount of money was laundered with the help of S Alam and his family and others associated with them.
