The Criminal Investigation Department has filed a case against Dilip Kumar Agarwal, owner of Diamond World, allegedly for laundering around Tk聽678 crore though smuggling gold and diamond.
The Financial Crime Unit of CID filed the case against Dilip with Gulshan Police Station under Money Laundering Prevention Act on Monday night, said Jashim Uddin Khan, special superintendent of police (media) of CID.
On September 29, 2024, the CID began an investigation against Dilip after reviewing Diamond World Limited鈥檚 financial transactions, documents and bank accounts.
During the investigation, they found that the company had procured smuggled gold and diamond in the country.
According to the case statement, Dilip had long been involved in money laundering and smuggling under the guise of gold and diamond business both at home and abroad as the proprietor of Diamond World and Diamond World Limited.
During investigation it was found that the company legally imported gold bars, jewelry, loose diamonds and other items worth Tk聽38,47,48,011.52 from abroad through LCs from September 6, 2006 and February 8, 2024.
During the same period, it also acquired gold and diamonds worth Tk 6,78,19,14,014 from local market through purchase and exchange.
The company failed to show valid documents to the CID regarding the source or suppliers of these materials.
