The Criminal Investigation Department arrested Khairul Bashar Bahar, chief executive officer (CEO) of leading overseas education consultancy farm, ‘BSB Global Network’, from Dhanmondi on Monday in connection with a money laundering case.
Based on secret information, a team from CID’s Financial Crime Unit, led by Special Superintendent of Police Mohammad Abul Kalam Azad, arrested Bahar, said a press release of the CID on Monday.
Initial investigations revealed that Bahar, along with his wife and son allegedly lured hundreds of students and their guardians with false promises of overseas education opportunities from January 2018 to December 2024 embezzling crores of taka in the process, the press release said.
So far, information from 448 victims has been uncovered, indicating financial embezzlement amounting to crores of taka. But the actual number of victims is significantly higher. A number of cases have already been filed across the country, including at Gulshan Police Station, under charges of fraud and forgery, the press release says.
According to CID, the embezzled funds were withdrawn through accounts held in the names of the accused and others, and the money was used to purchase properties, run businesses, and facilitate illicit financial transfers.
Following preliminary findings, a case has been registered under sections 4(2) and 4(4) of the Money Laundering Prevention Act, 2012 (Amended 2015), at Gulshan Police Station (Case No. 05, dated 04/05/2025). The investigation is currently ongoing.
