A Dhaka additional chief metropolitan magistrate court on Tuesday placed BSB Global Network chair Khairul Bashar on a 10-day remand in police custody for interrogation in a case filed with the Gulshan police station over the allegation of laundering money.
Additional chief metropolitan magistrate Md Sanaullah passed the order after Criminal Investigation Department sub-inspector Khalid Saifullah, also the investigation officer in the case, produced him before the court with a 10-day remand prayer, said court officials.
According to a copy of the remand prayer, the CID in its primary investigation found that Bashar embezzled Tk 53.52 crore from 448 students and families on the promise that his organisation would send them to various countries, including Australia and Canada, for higher education.
A team of the CID Financial Crime Unit arrested Khairul Bashar in the capital鈥檚 Dhanmondi area on Monday afternoon.
Bashar, his wife Khondokar Selima Rowshan, and son Araf Ibne Bashar created a fraud ring in the name of sending students aboard and embezzled several crores of taka between 2018 and 2024, according to a CID press release issued on Monday.
The ring has taken money from students at office and via different bank accounts showing fake visa processing, alluring advertisements, and fake representatives of foreign universities, said the CID.
The CID found that no application was filed to foreign universities in this regard.
The CID assumes that the number of cheated consumers would be several times higher than the reported one.
